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THE REGULATORY net has tightened further on controversial Malaysian government-owned development fund 1MDB, with Singapore’s central bank fining two major banks over breaches of anti-money laundering (AML) rules associated with its deals.

Standard Chartered Bank, Singapore Branch (SCB) has been ordered to pay Singapore dollars SGD5.2 million (USD3.6 million) and Coutts & Co Ltd’s Singapore branch SGD2.4 million (USD1,7 million) for breaches of Monetary Authority of Singapore (MAS) AML requirements.…

AS Theresa May became British Prime Minister on July 13, 2016, she has admitted she faces the toughest of briefs. Unravelling 43 years of close legal relations with the UK’s European Union (EU) neighbours will be complex, difficult, and involve some serious economic and financial losses on the way.…

Europe in 2016 has been witness to significant milestones passed in deployment of new, full-scale demonstration and commercial tidal stream and wave energy projects.

This is encouraging for the European Union (EU), which wants clean, renewable ‘ocean energy’ to provide a tenth of its power by mid-century.…

Deposit schemes will not increase drinks packaging reuse or recycling rates, Coca-Cola Enterprises vice-president public affairs, Europe, Hans van Bochove Coca-Cola Enterprises vice-president public affairs, Europe, Hans van Bochove told a Brussels conference last week. His view was backed by Peter Sundt, secretary general of the European Association of Plastics Recycling and Recovery Organisations (EPRO) and Eamonn Bates, Clean Europe Network secretary general.…

ACCOUNTANTS are starting to tangle with the knotty question of whether to support Britain remaining in or quitting the European Union (EU) after the scheduled in-out referendum on June 23. While many UK captains of industry and business have publicly called for Britain to stay in, citing the advantages of freely accessing the EU’s 503 million person market and its trained labour pool, the question for accountants is not that simple.…

THE BRITISH government has launched public consultation on plans to force foreign companies who want to buy property in England and Wales or secure English public procurement contracts to declare beneficial ownership information.

The UK department for business, innovation & skills wants comments by April 1 and says it plans to develop formal proposals later this year (2016).…

Changing management styles is key the success of corporate gender diversity initiatives in the Gulf region and elsewhere, participants of a recent networking breakfast hosted by the Association of Chartered Certified Accountants (ACCA) have concurred.

Entitled ‘Lead the Change: increasing gender diversity to boost performance’, the event was held on February 7 at the Shangri-La Dubai hotel and was attended by more than 60 CFOs and senior finance professionals.…

The Royal Bank of Scotland (RBS) and its Japanese partner Nomura may have to pay millions of dollars in damages after a United States judge condemned the two for false statements in selling mortgage-backed securities to mortgage providers Fannie Mae and Freddie Mac before the 2008 financial crisis.…

The latest report from European Union (EU) police agency Europol report has revealed the true extent of “the complex reality” of counterfeit goods networks across Europe. But what are the latest scams and how successful has Europol been in tackling them?…

THE POLISH, Scottish, Austrian and Belgian meat sectors are significant winners in the latest announcement of European Union (EU) marketing financing designed to help food companies seize more sales within and outside the EU.
They will benefit from multi-million Euro sales and marketing programmes, 50% funded by the EU, announced yesterday (Tues April 21).…