Search Results for: Dutch caribbean

The Dutch Financial Intelligence Unit (FIU-Nederlands) (1) and four major banks – ABN AMRO, ING, Rabobank and de Volksbank – have set up the Fintell Alliance NL, a public private partnership (PPP) to work together at one physical location to combat the estimated EUR16 billion (USD18 billion) laundered through the Netherlands each year (2).…

Anti-money laundering specialists may be focusing on how crypto-currencies and online transactions pose an increasing ML/TF risk, especially with Covid-19 encouraging ecommerce, but the reality is that cash remains the money launderers’ best instrument for moving dirty money.

That is the conclusion of Gabriel Hidalgo, a managing director at risk specialists K2 Integrity, in New York: “Cash is king for ML; it continues to be king; and on the majority of levels, illicit actors will continue to use cash,” he said.…

The boom in online fraud through the Covid-19 pandemic, at a time when new fintech is being rolled out, has grown demand for anti-fraud professionals.

The latest assessment released by the Association of Certified Fraud Examiners (ACFE) (published in December 2020), based on responses from 1,712 anti-fraud professionals, (49% of whom were in the USA and Canada), said that 41% of organisations (public and private sector) are planning to increase their overall anti-fraud budget in 2021.…

The paint and coatings industry in Indonesia still has ample room for growth amid booming infrastructure development, although it has had to struggle with the ongoing Covid-19 pandemic, say officials and industry experts. 

With the property sector being the primary growth driver Indonesian paint and coating sales, the high demand for new housing and the repainting cycle assures the steady demand for paint and coating products, said Mahendra Chahar, senior consultant at Frost & Sullivan.…

The paint and coatings industry in Indonesia still has ample room for growth amid booming infrastructure development, although it has had to struggle with the ongoing Covid-19 pandemic, say officials and industry experts. 

With the property sector being the primary growth driver Indonesian paint and coating sales, the high demand for new housing and the repainting cycle assures the steady demand for paint and coating products, said Mahendra Chahar, senior consultant at Frost & Sullivan.…

THE ONSET of Covid-19 has caused many fraud problems, but a particular difficulty has been fraudsters exploiting the unprecedented government largesse released designed to prevent economic collapse at the hands of the pandemic. In the UK, for instance, the House of Commons public accounts committee issued a report in October (2020), saying that Her Majesty’s Revenue & Customs (HMRC) had reported 8,000 allegations from employees that their employers – supposed to pay a lower level of wages to staff to receive furlough payments under the UK Job Retention Scheme – had not actually made these payments, or paid less than they should.…

THE REPUTATION of the Caribbean’s major cigar production centres – Cuba, the Dominican Republic and Nicaragua – has dominated global markets for years. But the entire region’s balmy and moist climate and rich soils are ideal for growing cigar wrapper and filler leaf.…

IT is not easy to make a living as a fine artist. So many talented painters, sculptors, illustrators and engravers pay their bills through teaching, and indulge their creativity as a sideline. Others move into commercial graphic design where their scope is confined by the demands of selling products, contrasting with the unbound freedom of imagination enjoyed by the independent artist.…

THE EUROPEAN Union’s (EU) international food and drink trade has withstood the challenges of Covid-19, with figures for the first eight months of 2020 valuing EU exports (excluding the UK) at EUR119 billion, up 1.2% compared to January-August 2019. Imports also rose slightly to EUR81.6 billion (up 0.8%).…

The Gulf kingdom of Bahrain is kicking off 2021 with the grand opening of its new airport passenger terminal, a 210,000 square metre (sqm) building that is four times the size of the existing facility. Following its official opening on January 28, the terminal will be capable of processing 130,000 air traffic movements a year, up from 95,500 in 2019, and will have a handling capacity of 4,700 bags an hour. …