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The narcotics trade was a prime motivator to enact global anti-money laundering regulations to curb dirty money flows. Over 30 years later, drug trafficking is still considered the largest transnational crime by international law enforcement agencies. It is worth an estimated USD344 billion-a-year, according to Interpol, followed by counterfeiting crimes (USD288 billion) and human trafficking (USD157 billion).…

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.…

INTRODUCTION

ROBOTICS are not new to the textile and clothing sector, and have driven productivity improvements for more than a decade. But these technologies are becoming increasingly more adaptable and more autonomous, offering the many stages in the textile and clothing and distribution chain the potential to increase margin.…

With President Joe Biden assuming office in the United States, the Mexican clothing and textile industry is hoping improved trading relations, building on the legacy left by former President Donald Trump that it regards largely positively.

The Mexican Apparel Association (CANAIVE – Cámara Nacional de la Industria del Vestido) was particularly happy with the renegotiation of the North American Free Trade Agreement (NAFTA), now called the US-Mexico-Canada Agreement: “USMCA opened new opportunities for our industry while seeking to obtain a more solid regional integration,” said CANAIVE, in a note to just-style.…

Lie detection is an emerging science, with technology being developed to help companies and law enforcement seek to detect fraudsters and other criminals. Artificial intelligence is a potential key development in enabling machines to screen subjects physical and audible response to questions to detect lies.…

THE EUROPEAN Union (EU) has authorised its EUR181 million anti-fraud programme for 2021-27, with a regulation mandating this spending coming into force on April 29. The new seven-year programme will see EUR114 million spent on preventing and combating fraud, corruption and other financial crimes that can damage the overall EU budget.…

One of the many downsides of the Covid-19 pandemic has been the inspiration for cyber-criminals to develop new ways of attacking computer users at their home, especially when working remotely. European police agency Europol reported in its annual cybercrime report released last October (2020) that business email compromise fraud and phishing had expanded significantly in frequency and variety since Covid-19 took hold last March (2020).…

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%.…

INTRODUCTION

The textile industry is one of the world’s oldest manufacturing sector, yet it is also one of the most dynamic, constantly reinventing itself. Today, the development of micro-factories might herald root-and-branch change in how the textile and clothing industry operates, a transformation driven by advances in digital textile printing.…

The test remains the same. French tech multinational Thales stressed in a paper that they “allow a person to be identified and authenticated based on recognisable and verifiable data, which are unique and specific…” compared to a person’s biometric template.…