Search Results for: South Africa

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).…

The fashion worldwide industry needs to open itself to ideas from a variety of sources to strengthen its position, for instance through automated production efficiency, innovation in sustainability and widening sourcing worldwide, three young entrepreneurs have claimed. Speaking at the Sewn Products Equipment & Suppliers of the Americas (SPESA) conference in Montréal, Canada, this week Michael Mayr, co-founder and COO of Silana, a Vienna, Austria-based manufacturer claiming to have fully automated sewing of soft materials, a tough challenge for robotics, the “last major processing step in fashion production that has not been automated yet,” claims the company.…

New members of the European Commission have been proposed for the next 2024-29 term, starting November 1, with knitwear lobbyists facing experienced hands in the key trade and economy/de-regulation portfolios. Re-appointed Commission president Ursula von der Leyen has nominated Maroš Šefčovič, of Slovakia, as trade and economic security; interinstitutional relations and transparency Commissioner, for example.…

Cape Verde’s Atlantic Technical University (Universidade Técnica do Atlântico – UTA) is next month (October 1) opening a new travel industry-focused institute, offering new degrees in tourism management and promotion and civil aviation management.

This new Higher Institute of Aeronautics and Tourism (Instituto Superior de Aeronáutica e Turismo – ISAT) will operate within the public university in premises on the island of Sal, one of the smallest of this archipelago country.…

The Ghanaian government has welcomed an “unprecedented increase” in cocoa prices in the 2023/24 season of 129.36% year-on-year as the market responded to production declines worldwide – costing chocolate manufacturers dear. Ghana’s food and agriculture minister Bryan Acheampong said Ghanaian cocoa prices had risen from Ghanaian Cedi GHS20,928/tonne (USD1,325) and GHS1,308 (USD82.80) per 64kg bag in September 2023 to GHS48,000/tonne (USD3,030) or GH3,000 (USD190) per 64kg bag as the season wrapped last month (September 2024).…

Portuguese textile and garment industry executives have told Just Style how they can attract more international buyers and export sales at a tough time for the sector, through its sustainability, quality, innovations and proximity to main markets.
They were speaking at the 60+4 edition of Modtissimo, the oldest international textile fair in the Iberian Peninsula, in Matosinhos, northern Portugal, on September 12-13 (1).…

Profiling fraudsters can hone anti-fraud responses, helping investigators short-list likely suspects for detailed evaluation – and with profiling research and experience expanding, the effectiveness of such approaches is sharpening.

Forensic accountant and fraud examiner Dave Oswald, who runs Canadian anti-fraud consultancy Forensic Restitution (1), said: “Fraudster profiling can provide valuable insights into the minds of those who commit these crimes, helping law enforcement agencies and organizations to prevent, detect, and respond to fraudulent activity.”…

With the global commodities market valued at USD121.2 trillion in 2024 and expected to generate USD136.8 trillion in 2029 (1), the scope for fraudsters to make money from this sector is vast. German statistical service Statista notes that commodities sales have latent augmentation, given that it all includes emissions trading systems expanding worldwide, along with energy products, food and drink, precious and industrials metals and more.…

The gender pay gap is closing among anti-fraud professionals worldwide, according to the latest survey from the Association of Certified Fraud Examiners (ACFE). Its ‘Compensation Guide for Anti-Fraud Professionals’ (1) released September 25 shows median salaries for women are currently USD102,000 and men USD108,000, a USD6,000 difference, less than half the USD13,500 gap a decade ago.…

A global set of studies into how artificial intelligence (AI) can best be deployed within higher education has been launched by WISE (the Qatar Foundation’s global initiative for education), the USA-based Institute of International Education (IIE) and seven universities worldwide.

The goal, said a joint statement released after a project launch in New York on Tuesday (September 17), is “to explore the role of AI in higher education and skills development for the AI era”.…