Search Results for: united nations

THE ASIA-PACIFIC (APAC) region’s oil and gas sector faces an unprecedented level of decommissioning for which it is under-prepared and lacks experience, analysts have warned. Unclear regional government regulations coupled with a lack of local expertise mean that companies and regulators face a steep learning curve, high initial costs and the potential for mistakes, according to the consultancy group Wood Mackenzie’s latest analysis.…

THE ASIA-Pacific region has many of the elements needed to create a burgeoning nonwovens market and industry. It has growing middle class consumption of basis personal products and continued manufacturing and infrastructural expansion for industrial nonwovens. These items can be supplied my new mass-production in emerging market countries and niche lines from the region’s richer developed industrial economies.…

THE FINANCIAL Action Task Force (FATF) has released a list of priority policies and actions to improve beneficial ownership controls worldwide. In a report to G20 finance ministers and central bank governors that highlighted a range of ongoing ML concerns – including virtual currencies – FATF highlighted a range of vulnerabilities regarding beneficial ownership and how to fix them.…

CONCERNS continue to grow about capacity in anti-money laundering/combating the financing of terrorism (AML/CFT) systems, with managers being urged to take advantage of the AML profession’s openness to change.

A Dow Jones/ACAMS (Association of Certified Anti-Money Laundering Specialists) global anti-money laundering survey focusing on retail and commercial banking, private banking/wealth management and investment banking, released April 2016, showed 60% of respondents cited increased regulatory expectations as the greatest AML compliance challenge (http://files.acams.org/pdfs/2016/Dow_Jones_and_ACAMS_Global_Anti-Money_Laundering_Survey_Results_2016.pdf…

THE USA’s clothing industry has met in Washington DC to plot tactics designed to push the Trump administration away from a protectionist policy that it regards as potentially damaging for brands, retailers and their consumers.

A trade symposium staged last Thursday (July 12) by the United States Fashion Industry Association (USFIA) united clothing sector executives, compliance chiefs, customs specialists and government affairs managers.…

The digital integration of Bangladesh’s booming textiles and garment sector is gaining pace, with ‘Industry 4.0’ becoming a watchword for becoming more competitive. One company that has been taking such technological development very seriously is the Dhaka-based DBL Group, which has targeted digital efficiencies to turbocharge its business growth. …

THE OUTLOOK for European Union (EU) beef, sheep and goat meat imports looks bleak, with sales tumbling, according to an EU agricultural markets 2018 and 2019 forecast released by the European Commission.

Beef exports started falling by December 2017, and this has continued into this year, with exports almost 15% lower in the first four months of 2018 year-on-year.…

MEMBERS of the European Parliament (MEPs) are risking conflicts of interest and potentially breaching their code of conduct by accepting extra paid work Transparency International EU revealed in a July 10 report. ‘Moonlighting in Brussels – side jobs and ethics concerns at the European Parliament’ showed 31% of the 751 MEPs declared sidelines, up to 104 earning above EUR100,000 over the past four years, and between nine and 30 earning more from the extra work than their EUR8,484 monthly salaries.…

UK food and drink manufacturers have warned that adopting new rules for designating the origin of products after Brexit could be catastrophic for their industry due to the globally integrated supply chains of many UK-made foods.

The UK Food & Drink Federation (FDF) and National Association of British and Irish Flour Millers (nabim) (NOTE TO EDITOR – GROUP USES LOWER CASE FOR ACRONYM) are among the bodies that have called for European Union (EU) rules of origin (ROO) to be maintained after Brexit to avoid punitive tariffs on UK foods made with ingredients imported from outside the EU and exported to other member states.…

IN the USA alone, USD1.4 billion in counterfeit consumer products were seized in 2016 by the United States Customs and Border Protection, including 2,000 shipments of counterfeit cosmetics products. This, according to a note from USA-based Clarkston Consulting, cost the beauty industry at least USD75 million, which said: “Counterfeiting of consumer products remains on the rise” – see https://clarkstonconsulting.com/insights/counterfeit-cosmetics/counterfeit.…