Search Results for: European Union

The comprehensive set of reforms to the European Union (EU) AML/CFT system the European Commission proposed July 20 through a package of four legislative initiatives (1) could eliminate weaknesses in the fight against dirty money, but success will still hinge on implementation in the member states, experts have argued.…

Madagascar’s textile and clothing sector is recovering from the heavy toll taken by the Covid-19 pandemic, initially causing the loss of 11,384 jobs according to government figures released in September 2020, reflecting a steep loss in output. According to Madagascar business association the Groupement des Entreprises Franches et Partenaires, this initially resulted in a drop of 47% in apparel turnover in an island nation whose economy was already under pressure before being hit by a Covid-19-led recession.…

The Romanian clothing industry has been badly hit by the Covid-19 pandemic, with supplies of raw materials from China and exports to Italy disrupted, with the pandemic also choking off labour supplies, which were already a problem for this near-sourcing hub.…

European Union (EU) law enforcement agencies have reported their capacity to request evidence from foreign-based online service providers (OSPs) declined during the Covid-19 pandemic, even as the disease prompted a surge in cybercrime. The third annual SIRIUS European Union Digital Evidence Situation Report (1) from Europol, Eurojust and the European Judicial Network noted that almost half of police officers surveyed said that their need for electronic evidence increased since Covid-19 took hold in March 2020, but about 25% reported that their capacity to request e-evidence from OSPs decreased.…

THE INTERNATIONAL Sustainability Standards Board (ISSB) will start work in early 2022, based in Frankfurt, Germany, and Montréal, Canada, the IFRS Foundation Trustees have announced at the COP26 climate change meeting in Glasgow, Scotland. The trustees added that the new body would by next June (2022) incorporate the work of the Climate Disclosure Standards Board (CDSB) and the Value Reporting Foundation (VRF), which itself includes the Integrated Reporting Framework and the Sustainability Accounting Standards Board (SASB).…

Britain’s open register of beneficial ownership was groundbreaking worldwide but its effectiveness as a bulwark against money laundering is being debated, even as both the European Union (EU) and the US move ahead at varying pace to replicate the system. The question of whether BO registers should be open or closed is one that is being discussed in countries around the world.…

Food manufacturers across the European Union (EU) may pay more for their ingredients because of new EU rules requiring farmers to undertake additional work to get the same subsidies, while the cost of fuel and fertiliser is also rising.

“I think you will see that the industry will, at least initially, eat some of the price increases,” predicted Gunnar Kvistgaard, director of Denmark-based 1A Food Consulting.…

Growth in demand for and production of renewable diesel is set to disrupt the global liquid fuels sector, with major increases in refining capacity being developed now. Renewable diesel has major potential as a transitional alternative energy source, because, unlike standard biofuels, in its highest quality form, it is chemically identical to fossil fuel diesel. …

The European Chemicals Agency (ECHA) has published advice to chemical sectors on combining different sources of alternative data when assessing whether chemicals are skin sensitisers – of key importance to apparel makers. This is ECHA’s first guideline on using ‘in silico’ tools (using computer simulation, such as the QSAR Toolbox) to assess skin sensitisation, with the goal of delivering reliable data that avoids tests on animals.…

The European Union’s (EU) new classification and labelling requirements for the whitener titanium dioxide (TiO2) came into force on October 1 (2021). That means TiO2, which is used as a textile pigment and delustrant, notably for acrylic, nylon and spandex fabrics, must be classified as carcinogen if inhaled when supplied on its own or in mixtures, where the substance or mixture contains 1% or more of TiO2 particles of an aerodynamic diameter ≤10 μm.…