1st September 2019
EU GUIDANCE FOR BUSINESSES INVOLVED IN TRADE OF CONSUMER GOODS WITH EU FACE IN CASE OF A NO-DEAL BREXIT
On 30th August, HK TDC published an article saying that the European Commission issued a Notice to stakeholders explaining the legal consequences of UK’s withdrawal, in Q&A form, dated 1st February (intending for it to apply to the first withdrawal date, which was 29th March; but the same applies today). In the event that the UK indeed leaves the EU without a ratified withdrawal agreement, there will be no transition period that would allow current trading arrangements between the EU and the UK to continue until a new deal on the future relationship is worked out. Importantly, it notes that, unlike domestic goods already in the supply chain (even if not physically supplied to an EU customer), goods manufactured in the UK or imported into the UK from third countries before the withdrawal date, but sold to an EU customer as of 31st October (or after), will be deemed to be imported from a third country. They will thus have to fully comply with EU rules applicable at the time of their placing on the market, i.e. the date of the transaction with the EU customer.
The Notice is at –
INVESTIGATIONS UNCOVER GANGS AND MILLIONAIRE PROFITS BEHIND DEFORESTATION
The Rio Times, an English language newspaper in Brazil, on 1st September reported that investigations by the Federal Prosecutor’s Office’s Amazônia task force show that there are elaborate criminal organisations behind the issue. The fires are only the most visible aspect of this case.
NIGERIAN NAVY ARRESTS 57 SAILORS AND SEIZES VESSELS FOR OIL SMUGGLING
On 1st September, Ships & Ports reported that 57 sailors have been arrested in Rivers State by the Nigerian Navy for allegedly smuggling crude oil and illegally refining diesel. They included a Ukrainian, a Mexican and 55 Nigerians, and they were arrested between 11th and 25th August aboard 4 vessels, 2 wooden boats and a barge.
POLISH MAN CAUGHT IN CUSTOMS WEB WITH TARANTULA HAUL IN FRENCH GUIANA
On 1st September, RTL reported that customs officials have caught a Polish man who was after trying to smuggle nearly 100 tarantula spiders in his luggage – 38 adult and some 50 young as well as dozens of egg-filled cocoons – at Cayenne airport, French Guiana. He was attempting to fly to Paris.
BOOK CLAIMS THAT HATTON GARDEN RAIDER ‘SMUGGLED £2 MILLION OF STOLEN CASH OUT OF BRITAIN TO A SPANISH HIDEAWAY’
The Easton Caller local media reported on 1st September that, according to a new book, one of the infamous Hatton Garden raiders who stole almost £14 million worth of gold, cash and jewels in 2015, is claimed to have smuggled £2 million of the stolen goods to a Spanish hideaway. Of the amount stolen, only £4,324,437 has been recovered by police.
BAHAMAS ENACTED NEW FINANCIAL LEGISLATION TO ENSURE IT REMAINS GLOBALLY COMPETITIVE
On 29th August, an article in the Bahamas Weekly reported that at a recent public event (the FIU Public-Public Partners Forum), the Deputy Prime Minister and Minister of Finance said the government has enacted a significant number of new pieces of legislation, or amended existing legislation, to ensure The Bahamas remains globally competitive in the financial sector, saying that in some instances, these have totally transformed the way business is transacted in the country. He also admitted that FATF has been one of the major drivers of change towards the adoption of more stringent rules and compliance standards. He said that FATF standards are being used by other agencies, such as the EU, IMF, World Bank, UN and others, who all assess the country’s performance as a key player in the global financial system.
‘GET READY FOR BREXIT’ CAMPAIGN LAUNCHED
On 1st September, the largest ever government public information campaign to get public and business owners ready for Brexit was formally launched by the UK Government.
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