Search Results for: united nations

THE INTERNATIONAL trade in tobacco products and inputs contains significant variations in prices that might indicate the presence of trade-based money laundering – of TBML – a specialist database indicates. Certain trade flows are exploited by money launderers seeking to move criminal proceeds from one country to another through artificial pricing – deliberate over- and under- invoicing.…

The Syrian tobacco sector has been hard hit by the civil war and associated social conflicts, now stretching into their tenth year. Tobacco leaf volumes and planted areas have dropped by around a third since the start of these troubles, factories have been destroyed, and sanctions have forced international brands from formal trading channels in Syria.…

Swiss pharmaceuticals giant, Novartis AG, plus a former subsidiary Alcon Pte and its current Greek wing, are together to pay out USD345.9 million in fines to American regulators because of corrupt practices. The penalties follow admissions that staff bribed public and private healthcare providers in Greece and Vietnam to choose Novartis products in breach of the United States Foreign Corrupt Practices Act (FCPA).…

While Argentina’s textile industry is poised for growth over the next few years, the expansion of its use of digital printing will probably lag as companies recover from a deep recession in 2020 caused by Covid-19 and underlying economic weakness, executives said. …

THE NEW president of FATF, who took office on July 1, is planning to expand the global AML’s current focus on wildlife trade offences to other environmental crime, such as illegal logging, slash-and-burn cultivation and unlawful waste disposal.

Speaking to the MLB on July 2 in his first media interview after taking on this new role, Dr Marcus Pleyer, from Germany, stressed that the United Nations Environment Programme (UNEP) has said illicit proceeds from environmental crime could total USD259 billion annually worldwide.…

THE EGMONT Group, the international network of financial intelligence units (FIU), is focusing on improving how its central resources and members use and interact with new technology. Interim Egmont Group chair, Hennie Verbeek-Kusters, told MLB that the group is reviewing its IT systems, of critical importance regarding the safe and encrypted exchange between its 164 member FIUs (there were 22,538 such exchanges in 2017, the most recent available data).…

As Syria enters its 10th year of civil conflict, the economy is in tatters, foreign currency is in short supply, and sanctions have not only been renewed, the USA has introduced new secondary sanctions. Illicit crime and sanctions busting abounds.

In May (2020), the USA issued further guidance on Syria, while the European Union (EU) extended its sanctions on Syria for a further year, to 1 June 2021.…

AS governments worldwide loosen lockdowns imposed to impede the spread of Covid-19, energy companies are assessing their health and safety policies to ensure workplaces are not new infection hotspots, protecting workers and hence production.

These changes come as energy industries downscale workloads to reflect a collapse in demand for their output.…

If there is one subsector of technical textiles that is regarded as well suited to environment-friendly materials innovation, it is surely the agricultural textile (ag-tex) sector. This is indeed the case, with research and development specialists creating clever solutions allying the functional and sustainability benefits of ag-tex with new biodegradable and naturally-sourced fibre.…

CANADA’S Automotive Parts Manufacturers’ Association (APMA) is optimistic that the United States-Mexico-Canada Agreement (USMCA) will deliver more sustained work to the country’s supply chain once the deal comes into force on July 1. It replaces the North American Free Trade Agreement (NAFTA), in place since 1994.…