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SEC IN MULTIMILLION DOLLAR PAYOUTS TO USA WHISTLEBLOWERS
The United States Securities & Exchange Commission (SEC) has rewarded whistleblowers with multi-million dollar pay-outs this autumn, including a record USD114 million announced on October 22. This was followed by a USD10 million reward on October 29, then USD28 million on November 3 and two days later separate payments of USD3.6 million and USD750,000 to two separate whistleblowers. …
PERU'S TEXTILE INDUSTRY TRIES TO RECOVER WHILE FACING POLITICAL INSTABILITY AND FIERCE CHINESE COMPETITION
The Peruvian clothing industry is criticising government aid programmes that are supposed to help companies withstand the Covid-19 pandemic, saying they have done little for apparel and textile manufacturers.
Carlos Penny, president of the textile committee at the Peruvian Exports Association (ADEX – Asociación de Exportadores), is especially unhappy how the Reactivate Peru (Reactiva Peru) and a national Business Support Fund have failed the country’s important clothing and textile sector.…
AUSTRALIA: NEW AML LAWS DRAFTED – BUT REFORM PROCESS STALLS
IN Australia, the process of bringing the nation’s AML/CFT laws and regulations up to international standards has stalled, senior AML/CFT specialists have told MLB. And a widening banking scandal currently highlights the need for reform, they say, with Australian financial institutions struggling to detect and report money laundering and other criminal transactions.…
PRICE VARIATIONS IN PAINT TRADES COULD MASK DIRTY MONEY FLOWS, COMMERCIAL DATABASE WARNS
THE INTERNATIONAL trade in paint and coatings products and ingredients contains significant variations in prices that some experts warn maybe too good to be true and could indicate that certain trade flows are being exploited by money launderers.
Such criminals seeking to move illicit proceeds from one country to another through artificial pricing – deliberate over- and under- invoicing.…
GUINEA-BISSAU: PUBLIC HIGHER EDUCATION WALKS A TIGHTROPE AMID SEVERAL ENDEMIC CRISES
The Amílcar Cabral University, the only public university in Guinea-Bissau, one of the world’s poorest and politically fragile countries, is looking to expand its educational services and attract more funds, trying to overturn past student dissatisfaction with its work.
After nine years leaning on a public–private partnership with the Lisbon, Portugal-based Lusófona University, the UAC (Universidade Amílcar Cabral in its Portuguese acronym), ended in 2013 after the government jeopardised the agreement.…
ICAO SAYS ATM TECH CAN HELP THE AVIATION SECTOR RECOVER FROM COVID-19, BUT CAN INDUSTRY AFFORD INVESTMENTS?
THE INTERNATIONAL Civil Aviation Organisation (ICAO) is promoting digital technologies within air traffic management systems to shore up the efficiency of a global civil aviation sector severely disrupted by Covid-19. But there is doubt about whether these investments will be made by a pandemic-hit industry.…
EU CHEMICALS PLAN COULD TIGHTEN RULES ON CAN COATINGS
EUROPEAN Commission plans for new European Union (EU) chemicals regulations could lead to tighter rules on the formulation of can coatings used or made in the EU, which are used to prevent corrosion and extend shelf life.
The Chemicals Strategy for Sustainability (CSS), published October 14, says the Commission intends to eliminate from food contact materials (FCMs) -which would include cans and their coatings – carcinogenic, mutagenic, reprotoxic and endocrine-disrupting substances, as well as those that persist and accumulate in the environment or the body.(1)…
SECRETS OF A WINNING DUAL-CAREER ACCOUNTING COUPLE MODEL IN THE UAE
ACCA members Danish Sange and Amina Rafi reveal how their marriage has accelerated their professional growth and advanced their careers.
It is tough to separate work and home when you are married to someone with a similar profession.
But setting these boundaries has helped Danish Sange, manager at PwC Middle East, and his wife Amina Rafi, audit senior at Deloitte Middle East, make the most of their relationship.…
COVID-19 PANDEMIC FUELS INNOVATION AND DEVELOPMENT FOR ANTI-VIRAL COATINGS
The Covid-19 pandemic is set to drive a near threefold surge in the antiviral coatings market as researchers and developers say they now realise how little they know about effective materials combatting such threats.
The search for more universal antiviral materials “should be continued with even higher intensity”, said Professors Ken Ostrikov and Ziqi Sun from Queensland University of Technology, in Australia, in their September (2020) report, ‘Future antiviral surfaces: Lessons from COVID-19 pandemic’, featured in the publication ‘Sustainable Materials and Technologies’.…
NEW CAMPUS TO PUT CAPE VERDE ON GLOBAL MAP OF RESEARCH AND INTERNATIONALISATION CENTRES
THE NEW campus of the University of Cape Verde (Uni-CV), which has cost almost USD60 million to build and should open next March (2021), is expected to attract more national and international students and researchers to this island country. The launch of this modern facility has been delayed from July (2020) because of Covid-19, but it is hoped the March opening will stick.…