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Brazil, which is among the countries with the highest alerts (1.36 million in 2023) for financial crimes involving shell companies, as per the Moody’s Shell Company Indicator quoted by CNN (1), “has made important strides to improve” its  Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) system and “is achieving some positive results”, but still “needs to strengthen cooperation and coordination between certain authorities and improve prosecution”, warned the Financial Action Task Force (FATF) in 2023 (2).…

When the UK left the European Union (EU) on 1 January 2021, it also left the EU’s comprehensive REACH chemical control system, which was formally replaced by a UK REACH system. This mirrored EU REACH, grandfathering existing registrations and restrictions to the national system, although GB companies lost access to EU databases run by the European Chemicals Agency (ECHA).…

Practical programmes and strategies that enable universities and colleges to drive forward sustainable practices and knowledge to fight and manage climate change are increasingly needed, a UNESCO-sponsored workshop heard this week in Dubai.

Staged on Wednesday (December 6) as the United Arab Emirates hosts the COP28 conference of the United Nations Framework Convention on Climate Change (UNFCCC) this month, HE experts stressed such work needs to extend to less economically developed countries.…

European textile companies increasingly overburdened by regulation say each new piece of European Union (EU) regulation they face should be assessed on the grounds of how it helps industry succeed in an increasingly competitive market. They say more should be done to boost a sector that employs 1.3 million workers in 192,000 companies and provides more than EUR67 billion’s worth of exports to the 27-country bloc, according to the European Apparel and Textile Confederation (Euratex).…

Cross-border drug and migrant trafficking is booming with billions of dollars being earned by crime networks, according to a United Nations Office on Drugs and Crime (UNODC) report. The report ‘Crime-related illicit financial flows: latest progress’ (1) is based on estimates of dirty money flows from nine countries – Afghanistan, Bangladesh, Colombia, Ecuador, Maldives, Mexico, Myanmar, Nepal and Peru.…

A wide variety of small garment orders for manufacturers could be made practical to manage through newly created digital systems developed in India, which can also reduce waste and conserve the environment.

“From growing cotton to dying fabric, 6,000 to 7,000 litres of water is spent on making one garment and eventually 30 percent of [apparel products] end up in landfills,” Gunish Jain, CEO of BlueKaktus, a fashion technology and garment manufacturing company, based in New Delhi, told Twinn, “Big brands have been ordering far in excess of their requirement but that is now changing.”…

The European Union (EU) has been busy chiselling the regulatory edifice of its much-vaunted European Capital Markets Union (CMU), but this growing legal framework has yet to deliver the deep capital pools that its framers envisaged.

Indeed, speaking at the European Banking Congress, in Frankfurt, on November 17, European Central Bank (ECB) president Christine Lagarde, bemoaned the lack of available EU capital (1):

“Today, European start-ups attract less than half the funding of their US counterparts, while the volume of investments in scale-ups in the United States is more than four times greater than in Europe,” she stressed.…