The IAADFS has been focusing its efforts on a variety of items this year and Association President & CEO Michael Payne talks about two of the major issues with TMI: the snafus involved with the implementation of the new U.S. Customs automated reporting system and how the IAADFS is working to keep the industry apprised of developments; and changes ahead for the IAADFS’ flagship Duty Free Show of the Americas. Read all about these two crucial issues Inside Insider, page 1.
In the latest update on the allegations of money laundering brought against Panamanian business man and duty free operator Abdul Waked, a number of local press have reported that Mr. Waked has sued the Office of Foreign Asset Control (OFAC) of the U.S. Department of the Treasury in an effort to have them disclose the evidence against him. Mr. Waked continues to emphatically deny the allegations.
In more news from Panama, the Panama Canal Authority has announced that more than 230 cruise ships are scheduled to transit the Canal in the 2016-2017 season. Page 2.
Airports. The Port of Seattle last week revealed plans to more than double the space devoted to dining and retail in its new North Satellite at Seattle-Tacoma International Airport (Sea-Tac). Page 2.
PEOPLE. L’Oréal Travel Retail makes key appointments in Americas & Asia:
Yannick Raynaud takes over as TRA Managing Director. Page 1.
Supply Side. DANZKA Vodka, which recently entered the U.S. with select distribution, is launching a new super premium vodka – DANZKA THE SPIRIT-at TFWA World Exhibition in Cannes. More details on page 3.