Panama’s economy is poised for dramatic rebound

2021 ◽  
Keyword(s):  
International Cooperation ◽  
Money Laundering ◽  
Trade Flows ◽  
Import Demand ◽  
Panama Canal ◽  
Economic Recovery ◽  
Global Trade ◽  
Content Type ◽  
Economic Disparity ◽  
Canal Area

Significance Mining and quarrying activities (728%), construction (489%), hotels and restaurants (92%), transport and communications (29.8%) and trade (23.9%) were the main drivers of growth, boosted by an easing of mobility restrictions and stronger global trade flows. Impacts The 'Pandora Papers' investigation will cast further doubt on Panama’s anti-money laundering efforts. Large social and economic disparity between the Panama Canal area and the rest of the country will continue to hinder development. The Darien Gap is increasingly becoming a migration bottleneck which will necessitate international cooperation, especially with Colombia. Service activities related to the expansion of the Panama Canal will support growth in the coming years. Higher import demand boosted by economic recovery will weigh on external accounts this year.

International cooperation to combat money laundering in the capital market: Indonesia and Australia experience

2020 ◽  
Vol 21 (4) ◽  
pp. 263-276
Author(s):  
Sutarno Bintoro ◽  
Sjamsiar Sjamsuddin ◽  
Ratih Nur Pratiwi ◽  
Hermawan
Keyword(s):  
International Cooperation ◽  
Money Laundering ◽  
Capital Market ◽  
Design Methodology ◽  
Best Practice ◽  
Business Processes ◽  
Secondary Data ◽  
Content Type ◽  
Combat Money Laundering ◽  
The Capital Market

Purpose To introduce new initiatives in combating money laundering and related corruption in the capital market sector through international cooperation between Indonesia and Australia. Design/methodology/approach This study used qualitative research methods. Data were obtained through observation, interviews and secondary data analysis. Primary and secondary data were then analyzed with an interactive model. Findings The Indonesian capital market is at high risk of being used as a means of laundering corrupt money. Our analysis found a major obstacle when investigators and prosecutors have handled money laundering cases conducted in the capital market because they have not had enough knowledge related to the capital market and its business processes. Originality/value This article is expected to add to the literature on handling money laundering from corruption carried out in the capital market. It describes best-practice efforts undertaken by Indonesia and Australia.

Growing trade protectionism puts global growth at risk

2015 ◽  
Keyword(s):  
Foreign Investment ◽  
Risk Premium ◽  
Agricultural Products ◽  
Economic Recovery ◽  
Global Trade ◽  
Base Metals ◽  
Foreign Markets ◽  
Content Type ◽  
Investment Projects ◽  
Global Growth

Subject Post-crisis trends in global trade and protectionism. Significance Global trade has not returned to its pre-financial crisis growth rates. In 2000-08, global trade grew at twice the rate of global output. Since the crisis it has barely been above the pace of global GDP growth. Exports have not contributed to economic recovery as might have been expected. While world leaders vowed at the height of the crisis to eschew protectionism, new trade barriers are again being raised. Impacts The profitability of serving foreign markets will diminish, as growth stays weak in the euro-area and Japan. External restraints to prevent discrimination against foreign suppliers and investors are insufficient. The risk premium associated with foreign investment projects is likely to increase, as protectionism risk is unpredictable. Sectors particularly affected will be base metals, chemicals, agricultural products, machinery and steel.

Foul fundamentals will curb world coal

2017 ◽  
Keyword(s):  
Iron Ore ◽  
Trade Flows ◽  
Panama Canal ◽  
Content Type ◽  
Thermal Coal ◽  
Panama Canal Expansion ◽  
Market Outlook ◽  
Coal Market ◽  
Asian Market ◽  
First Time

Subject Coal market outlook Significance Coal prices rallied by more than 70% in 2016 after five years of decline, making it one of the best-performing commodities last year alongside iron ore. In December 2016, the price of Australian thermal coal -- the benchmark for the Asian market -- hit 100 dollars per tonne for the first time since 2012. The price has eased to around 85 dollars, but Chinese demand remains strong -- imports rose by 33% during the first four months of the year, nearly 10% faster than in the corresponding period of 2016. Impacts Coal imports by Pakistan, Turkey and several ASEAN nations will rise to 2021, checking the deceleration of seaborne thermal coal trade. The Panama Canal expansion is allowing Colombia to export more coal to Asia and trade flows should increase as the route gains traction. Mines restarted in Indonesia and Australia at the end of 2016, but these will remain the exception to the longer trend of declining supply.

3D printing poses major risk to world trade flows

2017 ◽  
Keyword(s):  
At Risk ◽  
3D Printing ◽  
World Trade ◽  
Trade Flows ◽  
Global Trade ◽  
Content Type

Headline INTERNATIONAL: 3D printing puts global trade at risk

Jurisprudence and demand for halal meat in OIC

2019 ◽  
Vol 121 (7) ◽  
pp. 1614-1626 ◽  
Author(s):  
Imran Majeed ◽  
Hussein Al-Zyoud ◽  
Naved Ahmad
Keyword(s):  
Trade Flows ◽  
Import Demand ◽  
Policy Implications ◽  
Empirical Literature ◽  
Content Type ◽  
Islamic Jurisprudence ◽  
The Difference ◽  
Set Up ◽  
Lag Variables ◽  
Meat Market

Purpose The purpose of this paper is to estimate the import demand function for halal meat in member countries of the Organization of Islamic Cooperation (OIC) and to suggest some policy recommendations for OIC members that can enhance intra-OIC halal meat trade. Design/methodology/approach By using an augmented gravity model, this study empirically estimates the major determinants of halal meat import demand in OIC member countries. Moreover, a major determinant is the difference in Islamic jurisprudence (fiqh). Findings The results of this study show that the variation in Islamic jurisprudence is one of the primary determinants of intra-regional trade of halal meat import demand in OIC member countries. Research limitations/implications Although trade flows are set up in several years and lag variables are well capable to examine trade flows, this study only includes the static nature of halal meat trade flows toward selected top 20 OIC member countries. Practical implications This study suggests that developing a common halal meat market and one halal certification body under the OIC can enhance intra-OIC halal meat trade, this may be a challenge given the five diverse interpretations of halal meat within Islamic jurisprudence among OIC member countries. Originality/value This paper identifies the role of Islamic jurisprudence (fiqh) in determining the import demand of halal meat in OIC countries, which has not been addressed in empirical literature. It also provides some policy implications to ameliorate the declining trend of intra-OIC trade flows of halal meat.

Brazil-Mercosur trade and investment ties may pick up

2018 ◽  
Keyword(s):  
Latin America ◽  
Latin American ◽  
Economic Integration ◽  
Trade Flows ◽  
The Other ◽  
Economic Recovery ◽  
Content Type ◽  
Trade Relations ◽  
Bilateral Relations ◽  
Trade And Investment

Subject The outlook for Mercosur trade relations. Significance Brazil plays a central role in regional economic integration, particularly through its influence over the other Mercosur founding members, Argentina, Paraguay and Uruguay. However, trade and investment relations experienced a period of slowdown until recently. Bilateral relations with Argentina remain important, accounting for more than three-quarters of Brazil’s trade flows within Mercosur, despite three years of low Brazilian investments in its neighbour. Impacts Brazil’s economic recovery will be central to boosting regional dynamism within Mercosur members. Brazil can further explore its potential as a hub for other partners in Latin America. Stronger integration between Latin American economies may facilitate relations with potential investors in the region.

Prospects for manufacturing in 2019

2018 ◽  
Keyword(s):  
Supply Chains ◽  
Interest Rates ◽  
National Policy ◽  
Trade Flows ◽  
Global Trade ◽  
Customer Demand ◽  
Content Type ◽  
Global Manufacturing ◽  
Policy Agendas ◽  
Push Up

Subject Prospects for manufacturing in 2019. Significance Global manufacturing will slow significantly in 2019, after expanding solidly for two years. Increased tariffs, more inward-looking national policy agendas and higher interest rates threaten to weaken customer demand and global trade flows, push up costs and disrupt markets, corporate operations and supply chains.

Knowledge management in international cooperation for anti-money laundering

2017 ◽  
Vol 20 (1) ◽  
pp. 27-34 ◽  
Author(s):  
Noriaki Yasaka
Keyword(s):  
Knowledge Management ◽  
International Cooperation ◽  
Money Laundering ◽  
Knowledge Creation ◽  
Design Methodology ◽  
Practical Problem ◽  
Organizational Knowledge ◽  
Content Type ◽  
Organizational Knowledge Creation ◽  
Theoretical Hypothesis

Purpose The purpose of this paper is to construct a theoretical hypothesis to explain the organizational knowledge creation in international cooperation, which aims to contribute to practical problem solving in the process of knowledge creation. Design/methodology/approach This research reveals that anti-money laundering based on the concept of knowledge and organizational knowledge creation mechanisms could co-evolve in inter-organizational knowledge. Findings By simplifying the knowledge flow of anti-money laundering in international cooperation, the author illustrates the process of knowledge creation, sharing and utilizing. Originality/value This paper used the example of international anti-money laundering activities to describe knowledge creation, process of knowledge management, organizational structure and the emergence of international cooperation.

Money laundering through raw diamonds

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Fabian Maximilian Johannes Teichmann ◽  
Marie-Christin Falker
Keyword(s):  
Law Enforcement ◽  
Money Laundering ◽  
Qualitative Content Analysis ◽  
Law Enforcement Agencies ◽  
Content Type ◽  
Compliance Officers ◽  
German Speaking ◽  
Three Stages ◽  
Practical Implications ◽  
Combat Money Laundering

Purpose This paper aims to illustrate how illegally obtained funds are laundered through raw diamonds in Austria, Germany, Liechtenstein and Switzerland. Design/methodology/approach To identify specific money laundering techniques involving raw diamonds, this study used a qualitative content analysis of data collected from 60 semi-standardized interviews with both criminals and prevention experts and a quantitative survey of 200 compliance officers. Findings Raw diamonds are extraordinarily suitable for money laundering in European German-speaking countries. In particular, they may be used in all three stages of the laundering process, namely, placement, layering and integration. Research limitations/implications Because the qualitative findings are based on semi-standardized interviews, their insights are limited to the perspectives of the 60 interviewees. Practical implications Identifying gaps in existing anti-money laundering mechanisms should provide compliance officers, law enforcement agencies and legislators with valuable insights into how criminals operate. Originality/value While prior studies focus on the methods used by organizations to combat money laundering and how to improve anti-money laundering measures, this paper investigates how money launderers operate to avoid detection, thereby illustrating authentic experiences. Its findings provide valuable insights into the minds of money launderers and combines criminal perspective with that of prevention experts.

FINRA’s disciplinary actions in 2017: increased restitution ordered with minimal changes in number of cases

2018 ◽  
Vol 19 (2) ◽  
pp. 19-23
Author(s):  
Brian Rubin ◽  
Adam Pollet
Keyword(s):  
Money Laundering ◽  
Design Methodology ◽  
Disciplinary Actions ◽  
Financial Industry ◽  
Electronic Communications ◽  
Content Type ◽  
The Past ◽  
Expert Analysis ◽  
Research Analysts ◽  
Practical Implications

Purpose The purpose of this paper is to analyze the Financial Industry Regulatory Authority’s (FINRA) 2017 disciplinary actions, the issues that resulted in the most significant fines and restitution and the emerging enforcement trends from 2017 and beyond. Design/methodology/approach The approach of this paper discusses the disciplinary actions in 2017 and prior years, details the top 2017 enforcement issues measured by total fines assessed, including anti-money laundering, trade reporting, electronic communications, books and records, research analysts and research reports, and explains current enforcement trends, including restitution, suitability cases and technological issues. Findings In 2017, restitution more than doubled from the prior year, resulting in the fourth highest total sanctions (fines combined with restitution and disgorgement) assessed by FINRA over the past 10 years. Practical implications Firms and their representatives should heed the trends in both the substantial restitution FINRA is ordering and the related enforcement issues in the cases FINRA has brought. Originality/value This paper provides expert analysis and guidance from experienced securities enforcement lawyers.

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