Search Results for: hong Kong
10 results out of 906 results found for 'hong Kong'.
GRAPHENE’S WONDER MATERIAL QUALITIES SPARKS WIDESPREAD INNOVATION IN TEXTILE SECTOR
INTRODUCTION
Graphene has been hailed as a wonder material by its promoters – and for once in the tarnished history of scientific hyperbole – these claims seem to have significant merit. The reality is that graphene does not only offer textile manufacturers the ability to improve the functionality of their products, it helps them achieve this in an environmentally sustainable way.…
CONTINUOUS KYC OFFERS COST SAVINGS AND EXTENDED CDD COVERAGE, BUT FATF SAYS COMPANIES SHOULD RESPECT PRIVACY RIGHTS
KNOW Your Customer (KYC) maybe a key building block of AML/CFT, but undertaken periodically, it is expensive, can be difficult to manage and can annoy customers, eroding cooperation and hence effectiveness. That is why perpetual (or continuous, or ongoing) KYC has become an attractive option.…
AML ANALYSTS CAST A SUSPICIOUS EYE ON STABLECOIN LIQUIDITY
THE GROWING popularity of cryptocurrencies has stoked concerns that they offer a haven for money launderers. The concern focuses on the risk that crypto can be used anonymously to buy goods and services, without them being converted into fiat currencies through exchanges that are a key focus of emerging AML/CFT controls.…
VENDORS OFFER TECHNICAL SOLUTIONS TO DATA ANALYSIS DEMANDS OF KYCC
Obliged entities following the risk-based approach of calibrating AML/CFT controls lodging suspicious transaction reports must rely on solid knowledge about their customers and partners. But to be comprehensive in assessing risk, obliged entities must know something about their customers’ customers.
That is the underpinning of ‘know your customers’ customers’ (KYCC) systems that are increasingly being touted by vendors.…
CHINA’S DIGITAL PRINTING SECTOR GAINING GROUND, READYING FOR ITMA ASIA
China’s digital textile printing sector has significant growth ahead of it – but it is expanding. Data from the Qianzhan Industry Research Institute, in Shenzhen, shows that the output of digital inkjet printing in China currently accounts for approximately 11% of total output of printed fabrics, far from Europe’s ratio of 80%.…
CONCERN RISES THAT AMERICAN CLOTHING SUPPLIES MAY SUFFER FURTHER KNOCK FROM SOUTH CHINA COVID-19 OUTBREAK
Apparel and footwear brands, especially those in the United States, may come under increasing distribution strain as an uptick in Covid-19 cases in the Chinese clothing and textile manufacturing hub of Guangdong exacerbates already fraught global logistics. The southern Chinese province recorded 135 total infections over the period June 10–23 and a seven-day average of nine new cases as of June 23, according to data from the USA’s Johns Hopkins University.…
CONCERNS RAISED IN CANADA ABOUT MONEY LAUNDERING AND AUTO SALES
A PUBLIC inquiry in British Columbia, Canada, has increased concerns about how auto dealers maybe exploited by criminal networks to launder dirty money. Purchasers can be prepared to pay high prices for vehicles in cash, with dealers struggling to identify the source of these funds.…
CHINA FIVE YEAR PLAN AIMS TO PUSH CLOTHING PRODUCTION WESTWARDS AND GROW DOMESTIC MARKET
The world’s clothing and textile sector is keeping a close eye on China’s National People’s Congress, which congregated in Beijing’s Great Hall of the People last Friday (March 5) in a ‘Two Sessions’ event to review and ratify the draft outline of the 14th Five-Year Plan (2021-2025).…
ENVIRONMENTAL REGULATION – PERFORMANCE AND OUTDOOR FABRICS
Environmental regulation is becoming increasingly tight for textile companies and this of special concern for the higher-tech side of the industry where new fibres, chemicals and processes are delivering a cutting edge. This is especially the case for innovative segments such as performance and outdoor materials.…
AUSTRALIA’S CROWN RESORTS TOO WEAK ON AML TO RUN NEW GLITZY SYDNEY CASINO, SAYS REGULATOR
A MAJOR gambling complex in Sydney, costing Australian dollars AUD2.2 billion (USD1.7 billion) to build, should not be operated by its owner Crown Resorts because of AML weaknesses, a New South Wales (NSW) regulator has concluded.
A major inquiry by the NSW Independent Liquor and Gaming Authority has concluded that neither Crown nor any close associate is currently “a suitable person to continue to give effect to the Barangaroo restricted gaming licence”, covering the new casino, which is ready to open.…