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Search Results for: Research

10 results out of 4815 results found for 'Research'.

VIETNAM PUSHES FORWARD WITH NEW AML LAW AND ASSOCIATED IMPLEMENTATION GUIDANCE

FINANCIAL institutions and other anti-money laundering reporting sectors within Vietnam have had to grapple, since January 1, with a revised Penal Code, which has changed how money laundering is defined in criminal law.

In its 2018, International Narcotics Control Strategy Report (INCSR), the USA State Department notes that this “revises the money laundering offence and adds criminal liability for legal persons involved in money laundering.”…

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RUSSIA MONEY LAUNDERING CONVICTIONS OF CORRUPT OFFICIALS RISE – BUT ARE CASES POLITICAL?

THE ENFORCEMENT of Russian anti-money laundering laws is in the rise, although there are concerns that some AML cases have political motivations behind them, even if – ultimately – the evidence demonstrating ML offences took place stands up in court. Between 2012 and 2016, according to research of Russian press reports and official law enforcement agency statements, more than 30 Russian governors and state officials, former and serving, were accused of fraud or [and] corruption.…

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BLOCKCHAIN AND AI OFFER EFFECTIVE AML/CFT SOLUTIONS, BUT TEETHING TROUBLES ABOUND

BLOCKCHAIN technology may be being examined hard by the anti-money laundering/combating the financing of terrorism (AML/CFT) sector, but AML/CFT experts warn against its swift widespread adoption, stressing that while regtech innovation is important, adopters must make sure it does not “compromise the safety and soundness of the financial eco system”.…

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LICIT ARMS TRADE LIGHTLY REGULATED BY AML RULES, DESPITE CONCERNS OVER UNETHICAL PRACTICES

The conventional arms trade has a reputation for using side payment sweeteners to secure multi-million dollar deals. But despite allegations of corruption in numerous jurisdictions, the legitimate arms trade is not on the Financial Action Task Force’s (FATF) radar. Should it be?…

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EU MINISTERS AND MEPs STRIKE AGREEMENT OVER EU CADMIUM CAP FOR FERTILISERS

Representatives of the European Parliament and the European Union (EU) Council of Ministers have struck a provisional deal over legislation insisting that the content of cadmium within phosphate fertilisers sold within the EU should be capped at 60 mg/kg.

Under the agreement, which will need to be confirmed by the full European Parliament and Council of Ministers, the limit would apply three years after the new rules enter into force.…

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MALAYSIAN CLOTHING SECTOR BENEFITING FROM RISING FDI

FOREIGN direct investments (FDI) into Malaysia’s promising garment and textile sector are set to rise further this year on the back of strong performance in 2017, an official from the Malaysian Investment Development Authority (MIDA) has told just-style.

“Within the six months from January to June 2018, the total investments in the sector reached [Malaysian Ringgit] MYR244.8 million (USD58.73 million) of which FDI accounted for MYR112million (USD26.87 million),” a spokesperson from MIDA said.…

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JAPAN’S DESCENTE CONTINUES TO INNOVATE TO GRAB MARKET SHARE IN COMPETITIVE GLOBAL KNITWEAR MARKET

Already a world-leader in terms of knitted products for the sports clothing and outdoors-wear sectors, Japan’s Descente Ltd this July opened a state-of-the-art research and development centre that the company anticipates will help it create “the world’s fastest high-performance wear”.

According to the Osaka-based company, the new initiative is built on the concept of being “fast”.…

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UNIONS DEMAND MORE AS BANGLADESH SETS NEW MINIMUM WAGE FOR KNIT WORKERS

BANGLADESH’S unions have yet to be satisfied by an increase in the country’s minimum wage, which was published in a government gazette on October 8, hiking minimum wages for entry-level knitwear workers by 51% to USD95-a-month from December, up from the USD63 set in 2013.…

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DEMAND FOR ANTI-FRAUD SURVEILLANCE GROWS, WITH NEW TECH FUELLING CONTRACTS

With different forms of fraud skyrocketing, demand for surveillance is not only growing but becoming more diverse, with companies offering services ranging from old-fashioned stakeouts to high-tech detection. A Market Guide for Online Fraud Detection, released in January (2018) by research and advisory firm Gartner Inc, forecasts that the fraud detection and prevention marketplace is expected to grow significantly by 2022.…

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SUB-SAHARAN AFRICA’S DIVERSE BEAUTY MARKETS COMBINE TASTES FOR TRADITION WITH AN APPETITE FOR GLOBAL TRENDS

THE PERCEPTION of beauty and hence the design and supply of personal care products is slowly changing in sub-Saharan Africa as its increasingly wealthy middle class consumers take a more personalised approach to how they look. The region has a widely diversified consumer-base, whose varied tastes are pushing brands to rethink personalising cosmetics and personal care products like never before. …

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