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While today 12 out of every 100 Europeans are tattooed or have some sort of permanent cosmetic treatment, experts are increasingly concerned that these skin colouring agents may contain hazardous substances, known or suspected to have adverse health effects causing cancer, allergies or mutations.…

THE WOOL industry worldwide needs to bolster its reputation for sustainability, amidst increasing siren attacks on its marketing position from animal rights and environmental activists, the 2018 International Wool Textile Organisation (IWTO) Wool Round Table, in Buenos Aires, Argentina, heard this month (December 3-4).…

GERMANY’S paint and coatings sector seems set in stasis, with 2018 expected to be another year with a slight market downturn. That said, increased interest in sustainability continues to drive the demand for more ecologically friendly products.

Given the sluggishness of overall sales, the German industry has viewed with relief results from 2018’s third quarter, where the national coatings and printing ink sector saw a rise in exports.…

A DETAILED consultants’ report released yesterday (Dec 4) has included two policy blueprints for shifting Europe’s major carpet manufacturing industry towards a more sustainable future, increasing recycling and reuse of products. The paper by UK-based Eunomia Research & Consulting Ltd outlines policy options for European Union (EU) member states to move the carpet industry towards being part of a circular economy that is a key priority of the current European Commission.…

The US and China at the G20 meeting in early December settled for a 90-day suspension of their bilateral trade war including a halt to any additional tariffs, but sourcing patterns are not going to become business-as-usual any time soon for China’s soybean sector.…

THE VIETNAM Chemicals Agency us ramping up efforts to remove lead from paints in Vietnam – officially requesting to be considered a partner in the Global Alliance to Eliminate Lead in Paint, a voluntary partnership formed by the UN Environment Programme (UNEP) and the World Health Organisation (WHO).…

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.”…

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.…

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”.…

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?…