Search Results for: Climate change

Decentralised finance – DeFi for short -is a growing variety of blockchain-based financial services, such as loans and insurance, that can operate without central control from an intermediary. While some say DeFi will democratise finance and liberate the under-banked, it is also an increasing area of interest for anti-money laundering (AML) authorities, who rely on the existence of intermediaries to enforce AML procedures.…

Australia’s development of biofuel and bioenergy production and consumption has been hampered by the Covid-19 pandemic and some diversion of effort into researching and manufacturing renewable hydrogen in the past few years. However, this is about to change with the Australian government working on a Bioenergy Roadmap, which, as Petroleum Review went to press, was about to be released.…

While FATF’s mutual evaluation reports continue to show growing compliance with the organisation’s recommendations, concerns remain that the global AML/CFT system continues to fail in either preventing ML and TF or detecting and punishing such crimes after they are committed.

With FATF undertaking a strategic review since 2018, launched by the former China presidency and continued by the German presidency under Dr Marcus Pleyer, change in how the world fights ML and TF may emerge.…

The question of how to deliver human rights and self-determination to the Palestinians has been debated in many ways and forums, from the establishment of the State of Israel in 1948, through the Oslo Accords of 1993, until the present day.…

While in recent years, the peaceful approach to progress associated with Islam has not been given a high-profile, because of the activities of extremists, the truth is that there is much to be learned from the Noble Prophet Mohammed about the value of incremental negotiation.…

For nearly a hundred years, the city of Jerusalem has been the scene of violent confrontations between Jews and Arabs. This is the most recent of struggles over this most disputed city that have continued for more than three thousand years.…

The UK government is proposing the insist on mandatory compensation for victims of authorised push payment (APP) fraud – where individuals or businesses are tricked into sending money to an account controlled by a fraudster. It also wants UK banks both to step up prevention and report fraud performance.…

Are people with specific personality traits more prone to commit frauds than others? Psychological researchers and experienced anti-fraud professionals agree that this is indeed the case.

A study into the motivation of cyber-fraudster, written by a researcher at Perdue University, Indiana, USA, last year (2020) concluded that individuals with higher levels of narcissism had “higher capabilities to commit online fraud”.…

THE INTERNATIONAL Sustainability Standards Board (ISSB) will start work in early 2022, based in Frankfurt, Germany, and Montréal, Canada, the IFRS Foundation Trustees have announced at the COP26 climate change meeting in Glasgow, Scotland. The trustees added that the new body would by next June (2022) incorporate the work of the Climate Disclosure Standards Board (CDSB) and the Value Reporting Foundation (VRF), which itself includes the Integrated Reporting Framework and the Sustainability Accounting Standards Board (SASB).…

Britain’s open register of beneficial ownership was groundbreaking worldwide but its effectiveness as a bulwark against money laundering is being debated, even as both the European Union (EU) and the US move ahead at varying pace to replicate the system. The question of whether BO registers should be open or closed is one that is being discussed in countries around the world.…