Search Results for: Portuguese

South-east Asia is not known for a tradition of eating dairy products, but actually consumers in the region’s most populous country Indonesia (population 270 million people) have been eating cheese for more than a century (partly thanks Indonesia’s historic links with the Netherlands) and the country has a thriving domestic dairy industry.…

PORTUGAL’S digital textile printing sector generates sales of USD164 million annually (as of 2019), according to analysists BlueWeave Consulting & Research Pvt Ltd, which predicts it is poised to grow, benefiting from its close proximity to European customers, at a time when Europe’s market for digitally printed textiles is booming, with the technology in increasing high regard.…

WITH anti-money laundering and combating the financing of terrorism (AML/CFT) controls becoming ever more comprehensive, strategic and widespread, the demand for trained AML/CFT professionals is growing. Salaries are increasing, as a result. This good compensation reflects the fact that AML work is becoming increasingly demanding because of regulatory requirements, said Michael Harris, director, financial crime compliance, at LexisNexis Risk Solutions.…

THE LONG lines of customer to the cash register in Inditex stores – the giant Spanish company behind High Street fashion brands Zara, Bershka and Pull&Bear (among others) – are also now buying personal care products as well as clothes. They funnel customers through shelves that are not only bursting with low-cost impulse buys, such as hair accessories, smart phone covers and key rings, but now also Inditex scents.…

BRAZIL’S automotive industry sector is optimistic about the future, now that the new government of right-wing President Jair Bolsonaro has left the new Route 2030 package of industrial incentives untouched.

The President, who assumed office on January 1, had criticised Route 2030 (Rota 2030 in Portuguese) last November (2018), as a potential waste of money.…

Although religious universities educate only about 15% of all higher education students in Mozambique, they make a significant contribution to a country with very low levels of access to tertiary studies. Only 1% of the 29 million Mozambicans are currently attending attend higher education courses according to data provided by the country’s ministry of science and technology and higher education.…

EUROPEAN Union member states are dragging their feet implementing the fourth anti-money laundering directive’s (4AMLD 2015/849) beneficial ownership rules. Only five countries met the June 26, 2017, AMLD4 deadline for having an ultimate beneficial ownership (UBO) register under national law – Britain, Denmark, France, Germany and Sweden- according to the European Commission. …

CHINESE exports of knitted fabrics have been hit by major USA duties in the latest round of tit-for-tat tariffs imposed in the countries’ ongoing trade war. China exported USD470 million’s worth of knitted and crocheted fabrics to the USA in 2017, according to international trade data.…

JOINING expertise from the public and private sector to combat money laundering or terrorism financing (TF) aided by virtual currencies (VCs) is the way forward, financial crime experts told MEPs at the June 18 meeting of the European Parliament’s special committee on terrorism.…

The murder of graft-busting journalist Daphne Caruana Galizia in Malta on October 16 focused the world’s attention on the tiny Mediterranean tax haven and its failure to combat money laundering and corruption. 

But even before the murder, Malta was under fire for its shortcomings in tackling money laundering.…