Search Results for: united nations⊂mit=Search
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NEW DEFORESTATION REGULATION RISKS HAMPERING PALM OIL SUPPLY AND INCREASING PRICES, WARN EXPERTS
Tightening de-forestation regulations in major oils and fats markets are having an increasing impact on palm oil producers, who say they are being targeted unfairly.
The European Union (EU)’s deforestation-free regulation (EUDR) (1) that entered into force June 29 (2023), and will become binding from December 30, 2024, will lead to higher prices and supply difficulties for palm oil importers, EU and supplier country experts argue. …
EU JUDGE ADVISES LIMIT ON NATIONAL JUDICIAL REVIEW OF EPPO WORK
The European Court of Justice (ECJ) has signalled that national judicial reviews of cross-border investigations by the European Public Prosecutor’s Office (EPPO) should be limited to procedural questions. During a cross-border investigation of a biodiesel fraud case, the EPPO’s European Delegated Prosecutor in Germany assigned the search and seizure of potentially incriminating documents and hardware to an assisting European Delegated Prosecutor in Austria, who in line with Austrian law obtained judicial warrants.…
TOURISM AND ECONOMIC CRISIS BOOST PORTUGUESE CANNED FOOD
The Portuguese canned food sector, internationally known for its canned fish lines, is thriving – thanks to tourism and innovation, despite the many supply chains issues that it still faces.
Statistics Portugal (Instituto Nacional de Estatística – INE) data suggests the sector is growing fast, with Portugal having exported EUR 305.3 million’s worth of canned fish products in 2022 (provisional data), 20.3% more than in 2020.…
DEMAND AND SUPPLY INNOVATION FUELS GROWTH IN KNITWEAR MICROFACTORIES
Knitwear microfactories have been expanding in number this year (2023) due to industrial, regulatory and societal changes accelerated by the Covid-19 pandemic.
Manufacturers have been eyeing the potential of small-scale, high-tech facilities, which can streamline production and be better suited to operate on an on-demand basis than larger plants.…
DIGITISATION OF FASHION SECTOR INCREASES NEED TO STRONG CYBERSECURITY
Fashion brands have been warned to step up online security as the industry becomes increasingly digitalised and Russian hackers pose an increased risk as the country’s military struggles to maintain its invasion of Ukraine.
While digitalisation brings enhanced sustainability, reduced waste, stricter inventory management, personalised designs, smart wearable tech garments, AI-enabled virtual fittings and integrated supply chains, increasing online data offers bad actors additional attack vectors, said Maryland, US-based cyber exposure management company Tenable. …
WORLD’S BIGGEST FIRMS FAILING ON ANTI-GRAFT DISCLOSURE
The world’s 600 largest companies are failing to provide full disclosure of anti-bribery and corruption information within their sustainability reporting, according to a joint report (1) backed by the International Federation of Accountants (IFAC). Working with from Transparency International UK and the World Economic Forum’s Partnering against Corruption Initiative.…
CONCERNS GROW ABOUT AML/CFT SYSTEMS BEING ABUSED FOR POLITICAL PURPOSES
International AML/CFT rules and guidance have been designed to help governments crack down on criminals and terrorists, but there are few guiderails to prevent states from abusing these tools to target political opponents. Given the membership of FATF and FATF-style regional bodies, and the Egmont Group of FIUs is practically universal, that means AML/CFT systems are available to authoritarian states.…
PAINT COMPANIES ADAPT TO EVERY TIGHTENING ENVIRONMENTAL LEGISLATION
As a chemical-based sector, the paint and coatings industry is particularly sensitive to changes to environmental regulation, and while governments have a duty to protect the planet and its human health, they need to avoid damaging manufacturers in the process.
Unfortunately for the British paint and coatings industry, the UK government has been failing to efficiently replace the European Union’s (EU) REACH chemical control system with a UK REACH, following Britain’s December 2020 exit from the EU.…
MONEY MULING EXPANDS – EASY MONEY, FOR LITTLE RISK, WITH NO OBVIOUS VICTIM
The use of money mules moving dirty money worldwide continues to grow, with law enforcement, financial institutions and researchers continuing to highlight the problem. In the UK, 31,979 money mule cases were recorded in 2017; rising to 40,129 in 2018; 42,900 in 2019; and 40,353 in 2020; according to 2022 research published in the International Journal of Business and Economy (1).…
HUMAN TRAFFICKING AND MONEY LAUNDERING
Human trafficking and modern slavery have grown exponentially in recent years: in 2021, 50 million people worldwide were estimated to be living in modern slavery, 10 million more than in 2016, according to the International Labour Organisation (ILO). (1) These crimes – sometimes referred to with the acronym HT-MS – are extremely profitable, ahead of narcotics and arms trafficking, according to Tarana Baghirova, programme officer at the Organisation for Security and Co-operation (OSCE) in Europe.…