On 27th September, the EU published a news release about a report and data released by the EU which show that customs authorities detained over 31 million fake and counterfeit products at the EU’s external border with a street value of over €580 million. Although the total figures have declined since 2016, fake potentially dangerous goods for day-to-day use like healthcare products, medicines, toys and electrical goods now make up a much higher proportion of all seizures. 65% of all detained articles entered the EU via the maritime route, usually in large consignments. This was followed by air traffic which transported 14% of fake articles. Third was courier traffic and postal traffic which together accounted for 11% and were mainly made up of consumer goods ordered online such as shoes, clothing, bags and watches. China remains the main country of origin for fake goods entering the EU. The highest amount of fake clothing originated from Turkey while the most counterfeit mobile phones and accessories, ink cartridges and toners, CDs/DVDs and labels, tags and stickers entered the EU from Hong Kong and China. India was the top country of origin for fake, and potentially harmful, medicines.
EU Regulation 2018/1302/EU removed IRAQI FAIRS ADMINISTRATION, STATE ENTERPRISE FOR SHOPPING CENTRES and STATE TRADING COMPANY FOR CONSTRUCTION MATERIALS from its sanctions lists, in accordance with the decision of the UN on 24th September, and with effect from 29th September.
Blue Sky on 28th September reported that the new technology is a further boost to Shannon which back in 2016 became the first airport in the world to operate a combined EU and US TSA checkpoint systems, halving the time spent in security screening at other preclearance airports. The airport experiencing its busiest period on transatlantic operations for 17 years, with 7 services to 6 destinations.
MNE Tax on 27th September reported that the Dutch government has published a list with jurisdictions qualifying as “low-tax jurisdictions” for public consultation on September 25th. This list of low-tax jurisdictions is relevant for the proposed Dutch controlled foreign company (CFC) rules that are expected to take effect on January 1st, and potentially the new source tax that is expected to take effect on January 1st 2020, for dividends and January 1st 2021, for interest and royalty payments. The listed jurisdictions are Anguilla, the Bahamas, Bahrain, Bermuda, the BVI, the Cayman Islands, Guernsey, the Isle of Man, Jersey, Kuwait, Palau, Qatar, Saudi Arabia, the Turks and Caicos Islands, the UAE, and Vanuatu.
The Eurasian Group on combating Money Laundering and Financing of Terrorism has released its latest mutual evaluation report on Kyrgyzstan. At the time of the on-site visit in 2017, the Kyrgyz authorities had not yet developed a national AML/CFT strategy; and law enforcement did not conduct a comprehensive review of, or develop strategies (programmes) for preventing, identifying and investigating ML and TF offences based on a risk-based approach and parallel financial investigations were rare,