WHY TRACK & TRACE IS THE SOLUTION FOR SOUTH AFRICA’S “TOBACCO WARS”

On 30th September, Africa Times carried an article about a new book (by the former head of the now-disbanded high-risk investigation unit at the South African Revenue Service) and the attempted murder of a Zimbabwe tobacco “kingpin”, Simon Rudland, co-owner of Gold Leaf Tobacco.  It says that the South African tobacco industry is split between the established players and the independent upstarts eating into their market share, and both sides have shown they will stop at nothing to achieve supremacy.  The article alleges “dirty tricks” including industrial espionage and cynical lobbying, which has enabled wealthy tobacco companies to infiltrate key state security agencies.  However, a new illicit trade unit, similar in scope to the old high-risk investigations force has been set up.  It has promised a crackdown on rampant tobacco smuggling, with plans to phase out the old, ineffective stamps and introduce a new system of ‘track and trace’ – implementing such a system is a key global requirement under the terms of the World Health Organization’s Illicit Trade Protocol.  It is said that in Kenya, introduction of “track and trace” resulted in a great reduction in illegal cigarettes and the Kenyan Revenue Authority’s revenue collection from cigarettes grew by more than 50%.  The article warns of further interference with plans for the new system.

https://africatimes.com/2019/09/30/why-track-trace-is-the-solution-for-south-africas-tobacco-wars/

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UK: BANK ENTITLED TO TERMINATE ITS RELATIONSHIP WITHOUT NOTICE WHERE TAINTED BY CRIMINALITY

On 30th September, Mayer Brown published an article about a recent High Court case which, in a helpful precedent for banks, held that concerns that an authorised payment institution’s customer sub-accounts were vulnerable to being used for fraud and money laundering constituted “exceptional circumstances”, thus entitling a bank under the terms of its customer contract to terminate the banking relationship without notice.  It is said that, while turning on the particular facts of the case, it clarifies that where a range of options are available to the bank regarding how to proceed with the banking relationship in such circumstances, all of which may be reasonable and rational, the fact that the bank chooses in good faith to take one course of action (here closing the account) rather than another does not create a cause of action for the customer.

https://www.mayerbrown.com/en/perspectives-events/publications/2019/09/bank-entitled-to-terminate-its-relationship-without-notice

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y