FINANCIAL CRIME IS MAJOR RISK FOR TEXTILE AND CLOTHING SECTOR – GAINING INSIGHT CAN HEAD OFF MAJOR LOSSES
September 2nd, 2021
INTRODUCTION
Financial crime is a minefield for the international textile and clothing industry. With extended international supply chains extending into jurisdictions where the rule of law and a reliable independent judiciary may have a weak hold, if they exist at all, textile and clothing brands and manufacturers must take care. They may be attacked by financial criminals, or their managers or commercial partners maybe involved in financial crime. Given this often involves deception, through fraud, corruption and money laundering for instance, textile ...
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