Buyer Cyprus Guide
M) Money Laundering and Financial Crimes
The GOM has a well-developed regulatory framework, including licensing and background checks to oversee onshore financial institutions. In 1993, the Bank Negara Malaysia (BNM), the Malaysian central bank, issued "Guidelines on Money Laundering" and "Know Your Customer Policy" to educate financial institutions on money laundering issues in 1989. These guidelines were further revised in December 1993 in compliance with the Financial Action Task Force (FATF) 40 Recommendations through the requirement of customer identification and verification, financial record keeping and mandatory reporting of suspicious activity. The purpose of these guidelines was to require banking institutions to determine the true identities of customers opening accounts and to develop a "transaction profile" of each customer with the intent of identifying unusual or suspicious transactions. ... [Read More]
US Department Of State Post Report
Bar-Am, Aviva. Israeli Landscapes: Volume I, Guide to the Golan Heights. Safed College, Bar Ilan Univesity, 1995 (includes dictionary of flora and fauna). ... Shipping: Please note that the only approved method for the shipment of a personally owned weapon to or from post is within an employee's household effects. Contact the GSO at post after receiving written authorization from the RSO. A sole exception will be made for Federal law enforcement officers who may follow individual agency guidelines for the transport of weapons utilized in official duties. Use of the APO or Diplomatic Pouch to transport personal firearms is prohibited by regulation and law. The employee is responsible for obtaining any customs declaration and export forms that may be required by U.S. law. Currency, Banking, and Weights and MeasuresLast Updated: 12/19/2003 7:55 AM ... [Read More]
M) Money Laundering and Financial Crimes
The extra-legal trade in diamonds in Africa often involves money laundering for criminal and political purposes, and loss of revenue via tax evasion. It also provides the means to purchase arms and influence the political arena. “Blood diamonds” is the term used to describe the diamond trade that has helped finance African civil wars in Angola, Sierra Leone, Liberia, and other countries. There are also allegations that the diamond trade intersects terrorist financing operations. The diamond trade in Africa is susceptible at many levels to exploitation, including cross-border trade using established diamond trade routes, secondary level traders and agents, and suspect buyers. Diamond traders in Africa are often non-African. Operating from secured compounds, expatriate buyers often purchase rough diamonds via local currency. (Although purchases occur in local currency, the diamond trade uses U.S. dollars at all levels of commerce including the payment to buyers.) Subsequent exports by th ... [Read More]
1996 Country Commercial Guides
U.S. Department of StateEuropean Bank for Reconstruction & DevelopmentCommercial GuideOffice of the Coordinator for Business AffairsCommercial Guidefor theEuropean Bank for Reconstruction & DevelopmentCHAPTER I: EXECUTIVE SUMMARYThe EBRD, the newest of the Multilateral Development Banks (MDBs), began operation in April of 1991. It was created to help build market economies in eastern/central Europe and the former Soviet Union. The Bank is unique among Multilateral development banks in its focus on the private sector and its policy of investing only on commercial terms.Private Sector Focus: The EBRD allocates a majority of its resources to investment in and strengthening of the private sector in its countries of operation. Although the Bank's charter only requires a 60/40 split between the private and public sectors, 73% of EBRD board approved projects were made in the private sector in 1994. Private sector projects include investments in new private sector enterprises, joint- ... [Read More]
US Department Of State Post Report
Some vehicles can be purchased locally, duty free, depending upon availability at any given time. Locally produced cars are more economical, and parts are readily available. Customs clearance formalities for locally purchased cars are the same as for cars purchased outside Turkey. The Turkish car manufacturer must deliver the locally purchased car to Turkish customs in the name of the buyer. The Embassy or Consulate can then clear the car from customs without paying any customs duties after the Ministry of Foreign Affairs in Ankara issues an importation document. The Catch 22 is that if you want to sell your Turkish manufactured car at the end of your assignment here, the buyer must then pay customs duties. Since customs clearance procedures are complicated and time consuming, Turkish customers generally prefer to buy cars directly from a local car dealership, even if the price is higher. ... [Read More]
1996 Country Commercial Guides
U.S. Department of State Belgium Country Commercial Guide Office of the Coordinator for Business Affairs COUNTRY COMMERCIAL GUIDE FOR BELGIUM FY 1996 TABLE OF CONTENTS: I. EXECUTIVE SUMMARY II. ECONOMIC TRENDS AND OUTLOOK -Macroeconomic trends and outlook -Principal growth sectors -Budgetary priorities -Monetary policy -Privatization III. POLITICAL ENVIRONMENT -Overview -U.S./Belgian relations IV. MARKETING U.S. PRODUCTS AND SERVICES -Entering the market -Distribution and sales channels -Use of agents and distributors -Watching for pitfalls -Pricing and selling factors -Getting help -Using a regional approach -Franchising -Distribution and coordination centers -Setting up an office -Protecting your product from IPR infringement -Need for l ... [Read More]
1996 Country Commercial Guides
U.S. Department of State New Zealand Country Commercial Guide Office of the Coordinator for Business Affairs TABLE OF CONTENTS CHAPTER I. EXECUTIVE SUMMARY OVERVIEW OF IMPORT MARKET BRIEF SYNOPSIS OF COMMERCIAL ENVIRONMENT BUSINESS ATTITUDE TOWARD THE U.S. MAJOR BUSINESS OPPORTUNITIES MAJOR ROADBLOCKS TO DOING BUSINESS NATURE OF LOCAL AND THIRD COUNTRY COMPETITION CHAPTER II. ECONOMIC TRENDS AND OUTLOOK MAJOR TRENDS AND OUTLOOK PRINCIPAL GROWTH SECTORS GOVERNMENT ROLE IN THE ECONOMY BALANCE OF PAYMENTS SITUATION INFRASTRUCTURE SITUATION CHAPTER III. POLITICAL ENVIRONMENT NATURE OF POLITICAL RELATIONSHIP WITH THE UNITED STATES MAJOR POLITICAL ISSUES AFFECTING THE BUSINESS CLIMATE BRIEF SYNOPSIS OF POLITICAL SYSTEM, SCHEDULE FOR E ... [Read More]
1996 Country Commercial Guides
U.S. Department of State Israel Country Commercial Guide Office of the Coordinator for Business Affairs COUNTRY COMMERCIAL GUIDE FOR ISRAEL FY 1996 prepared by the American Embassy, Tel Aviv July 1995 This Country Commercial Guide (CCG) presents a comprehensive look at Israel's commercial environment through economic, political and market analyses. The CCG's were established by recommendation of the Trade Promotion Coordinating Committee (TPCC), a multi-agency task force, to consolidate various reporting documents prepared for the U.S. business community. Country Commercial Guides are prepared annually at U.S. Embassies through the combined efforts of several U.S. government agencies. This document is a guide to doing business in Israel. A separate Commercial Guide is available for the newly ... [Read More]
Money Laundering and Financial Crimes
In 1998, the TCI governor signed the Proceeds of Crime Ordinance, criminalizing money laundering related to any crime and establishing extensive asset forfeiture provisions. The law also legislates a Reporting Authority to receive financial disclosures. It will consist of the Attorney General, the Collector of Customs (or his representative), the Superintendent of the Financial Services Commission or his representative, the Commissioner of Police or his representative, and the Superintendent of the Criminal Investigation Department or his representative. The Authority may disclose information it receives to law enforcement agencies in TCI or to foreign governments. The law also authorizes the governor to issue a code of practice to give practical guidance for entities to comply with the law, and to issue additional guidelines for the Reporting Authority. The law also includes a safe harbor provision for reporting of suspicious transactions to the Reporting Authority. Although the law i ... [Read More]
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