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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.…

Lying on CVs, fraudulent qualifications, ‘polygamous’ home-based working with unauthorised sidelines, and insider threats to companies from such hiring fraudsters, are occurring more frequently in job applications. In countries that suffered higher inflation post-Covid 19, the resulting ‘cost of living’ crisis is considered a motivator such sharp practices, while qualification fraud is being enabled by the relative ease of digitally altering confirmation documents, compared to hard copy originals.…

As the world’s employment markets are shifting towards jobs that promote sustainability, prompted by concerns about limiting potential runaway climate change, higher education institutions are being encouraged to integrate green skills into curricula.
With major corporations within the European Union (EU) already required to submit sustainability reports on their exposure to and their impact on climate change and sustainability, and other jurisdictions to follow suit, demand for so-called ‘green jobs’ is rising.…

Brazil, the world’s fifth largest country by land area, is preparing to use its abundant natural resources and major renewable energy sector to become the world’s largest producer of green hydrogen (H2V). However, with several challenges to overcome, its likely success is tough to predict, say local experts.…

Tanzania is now Africa’s second-largest raw tobacco producer after Zimbabwe, according to the country’s agriculture minister Hussein Bashe and plans are underway to increase production and leaf processing capacity by encouraging more small-scale farmers to engage in contractual tobacco commercial farming.…

Employing former fraudsters is fraught with risk compared to hiring staff with no criminal record, but companies such as Big 4 accounting network KPMG who does this in Britain, argue that there are real benefits – and not just for ex-cons.…

Securely onboarding customers is a significant cost for financial institutions. Technology is viewed as a panacea, but processes are not as effective as they could be, in part due to the tech itself, but also regulatory issues, such as over data sharing.…

Academics attending an International Association of Universities (IAU) webinar on ‘Rethinking education for a more sustainable world’ have called for more activism in higher education design and operations to orientate its research and learning towards a healthier planet.

Environmental specialist Professor Stephen Sterling, of the UK’s University of Plymouth, criticised the contribution made by HE in promoting sustainability, saying it was too little and too late, arguing that its continued focus on promoting growth caused problems.…

Australia has long been a laggard in AML/CFT, despite being a leading developed democracy – but its current Labor government has finally bitten the bullet on reform.

In September, it proposed an Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Amendment Bill 2024 (1).…

A Québec, Canada-based textile testing, and research and development (R&D) facility has noted an increased demand for sustainability-focused materials work. Two-thirds of CTT’s work involves testing, with the other third being R&D – the company offers emerging entrepreneurs assistance in developing products.…