Search Results for: Thailand

The ongoing conflict in Myanmar, as its military government loses control over territory to rebel groups, is severely affecting the country’s clothing and textile industry. This is especially in the central Burman region, where a majority of the sector’s factories are located.…

The Chinese government appears determined to keep pushing its nation’s economy towards a more sustainable path, issuing five key green economy-related policy documents this year (2024), with eco-plastics supply and eco-plastics packaging part of the focus.

For example, an ‘Opinion on speeding up China’s green economy’ issued in July by the State Council – China’s cabinet – listed directing more companies to use green packaging as one of its main goals by 2030 http://epaper.cenews.com.cn/html/2024-08/12/content_99269.htm…

The European auto sector is uneasy about the 35.3% countervailing duties that the European Union (EU) has imposed on China-built BEVs on top of the standard 10% import tariff. While they were imposed in response to what the EU executive, the European Commission, claims are unfair state subsidies throughout Chinese supply chains that undercut the bloc’s own European Automobile Manufacturers’ Association (ACEA) has declined to comment.…

USA government human rights investigators and human trafficking victims in Myanmar have told Fraud Intelligence of how a lawless town on the border with Thailand has become a forced labour hub, where kidnap victims must take part in phone or cyber scams, or face violence, torture or even death.…

Despite mainland China tightly restricting buying, selling, mining and holding of crypto-currency in 2021 (1), private holdings and peer-to-peer transactions remain legal and so the country remains a major crypto centre – and hence a virtual currency ML risk. Its largest autonomous special administrative region (SAR) Hong Kong is also pushing ahead with a fully legal and regulated crypto sector, with AML/CFT controls being rolled out.…

Myanmar, ruled by a military government since a February 2021 coup, remains one of the three countries that FATF has blacklisted as “high-risk jurisdictions [with] significant strategic deficiencies” in their AML. CFT and CFP regimes (1). The other two are Iran and North Korea – all three’s associated transactions and business dealings are subject to enhanced due diligence and potential countermeasures to protect the international financial system from their ML/TF/PF risks.…

With the global commodities market valued at USD121.2 trillion in 2024 and expected to generate USD136.8 trillion in 2029 (1), the scope for fraudsters to make money from this sector is vast. German statistical service Statista notes that commodities sales have latent augmentation, given that it all includes emissions trading systems expanding worldwide, along with energy products, food and drink, precious and industrials metals and more.…

The Chinese government’s renewed efforts to pump prime its domestic battery electric vehicle markets (BEV) might boost already burgeoning sales in the short term, but it may herald a future flatlining of growth, a worrying sign for Chinese OEMs, industry experts have warned Wards Auto.…