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AMERICA has long been the global policeman of international sanctions, including breaches of AML rules, but evidence suggests that the US dollar’s use in international transactions could be weakening and is having to compete with the rising power of crypto currencies.…

The under-developed system of higher education of African archipelago country São Tomé & Príncipe is growing slowly amidst expanding demand, being assisted by international projects and funds.
One major potential initiative that may cause significant progress, however, involves this Lusophone country being chosen by the Pan African Institute for Development (PAID) to host a future International University of Development Sciences.…

INTRODUCTION

Graphene has been hailed as a wonder material by its promoters – and for once in the tarnished history of scientific hyperbole – these claims seem to have significant merit. The reality is that graphene does not only offer textile manufacturers the ability to improve the functionality of their products, it helps them achieve this in an environmentally sustainable way.…

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).…

The world’s anti-money laundering/combating the financing of terrorism (AML/CFT) system has come a long way since the G7 group of nations decided to launch the Financial Action Task Force (FATF) in July 1989. But Australian researchers have claimed AML/CFT compliance costs USD300 billion and only nets USD3 billion of an estimated USD3 trillion in criminal funds generated annually (a 0.1% success rate).…

CANADIAN auto dealers, whose sales of high-tech vehicles maybe hampered by safety concerns linked to hacking and computer viruses, are being assisted by a new university cyber-protection unit allied to parts-makers.

The SHIELD Automotive Cybersecurity Centre of Excellence is based at the University of Windsor, just over the Detroit River, and will work with Canada’s Automotive Parts Manufacturing Association (APMA), with whom it has signed a memorandum of understanding.…

A PUBLIC inquiry in British Columbia, Canada, has increased concerns about how auto dealers maybe exploited by criminal networks to launder dirty money. Purchasers can be prepared to pay high prices for vehicles in cash, with dealers struggling to identify the source of these funds.…

THE WIDE diversity of AML laws worldwide can complicate the enforcement of AML/CFT extradition proceedings.

Financial Action Task Force (FATF) recommendations 37 and 39 say that governments should be prepared to extradite money launderers (and terrorist financiers) to another country if they both criminalise the underlying predicate offence.…

There is no doubt that the Covid-19 pandemic has fuelled the black-market trade in illicit and smuggled licit tobacco products. The disease has depressed income and forced lower income smokers to look for cheap smokes, which has included counterfeits or smuggled goods.…

INTRODUCTION

NEW technology can deliver effective maintenance strategies to clothing and textile manufacturers, helping them go beyond reactive and proactive maintenance, moving into the more sophisticated world of prediction. The goal is to deliver an optimum maintenance strategy that enables manufacturers to get the most value out of their plant and equipment by spending the least amount of time, resources and money to deliver effective performance.…