Search Results for: Malaysia

Former UK Serious Fraud Office (SFO) director Lisa Osofsky observed in 2022 that the material her agency had to work through in a typical case, if printed, would fill 22 London buses – so could artificial intelligence (AI) aid the management of such tough cases?…

Vietnam’s ministry of industry and trade (MOIT) has released a draft amendment to the country’s Law on Chemicals. The draft amendment stipulates that all chemicals, including paint and coating ingredients, must be declared when imported through Vietnam’s National Single Window Information Portal.…

Cryptocurrency scams are a serious threat and have plenty of room to grow in scale, yet the Association of Certified Fraud Examiners (ACFE) has warned in its latest biennial 2024 ‘Report to the Nations’ on occupational fraud that the proportion of swindles undertaken in the crypto sector has been shrinking.…

The International Accounting Standards Board (IASB) has proposed a new comprehensive standard – IFRS18 ‘Presentation and Disclosure in Financial Statements’, designed to give investors more transparent and comparable information about companies’ financial performance. It introduces three defined categories for income and expenses – operating, investing and financing – and requires companies to provide defined subtotals, including operating profit, aiding comparisons.…

The number of companies producing spent bleaching earth oil (SBEO) as a biofuel feedstock has been increasing, but despite the opportunities that new regulations and technologies offer, logistics, the lack of feedstock and costs remain major challenges.

That utilising bleaching earths and clays is a good idea is clear.…

Vietnam’s knitwear sector has gained additional orders from western buyers especially since allegations that Chinese manufacturers have used cotton produced by forced labour in China’s cotton-producing province Xinjiang gathered steam. With the USA especially placing import restrictions on such products and the European Union (EU) mulling additional barriers, Vietnam’s major knitwear sector has looked set to continue benefiting from this political response.…

As construction ramps up, paint and coatings companies are eyeing lucrative opportunities in Indonesia’s new capital Nusantara, with several recent project launches promising a significant boost to the industry.

Outgoing President Joko Widodo recently inaugurated several key projects in Nusantara, including the emerging city’s international airport, hospitals, schools and housing.…

An Interpol police operation cracking down on online financial crime across 34 countries (1) worldwide led to 3,500 arrests and saw a total USD300 million seized – USD199 million in hard currency and USD101 million in virtual assets. The global agency’s six-month HEACHI IV operation, which ran from July to December 2023, targeted seven types of cyber-enabled swindles: voice phishing, romance scams, online sextortion, investment fraud, money laundering associated with illegal online gambling, business email compromise fraud and e-commerce fraud.…

The International Cocoa Organisation (ICCO) has predicted that the chocolate industry will continue to face cocoa supply deficits, with its latest quarterly assessment predicting that for 2022/3, there will be 99,000 tonnes more grindings than cocoa production. As a result, global stocks will fall to 1.744 million tonnes, amidst declines in output from key production hubs Ghana and Côte d’Ivoire.…