Search Results for: South Africa
10 results out of 4361 results found for 'South Africa'.
RUSSIA SANCTIONS ARE UNPRECEDENTED – BUT SO IS THE LEVEL OF EVASION
The invasion of Ukraine by Russia has sparked an unprecedented level of international sanctions. However, it has also caused an unprecedented wave of sanctions evasion.
June’s (2023) plenary of the Financial Action Task Force (FATF) had a clear message for the global anti-money laundering community, which includes organisations fighting sanctions evasion: “FATF reiterates that all jurisdictions should be vigilant to current and emerging risks from the circumvention of measures taken against the Russian Federation in order to protect the international financial system.”…
USING AI TO DETECT AND FIGHT TRADE-BASED-MONEY LAUNDERING USING AI TO DETECT AND FIGHT TRADE-BASED-MONEY LAUNDERING
As artificial intelligence (AI) systems advance, detection of trade-based-money laundering (TBML) should improve, but there are major drawbacks to widespread implementation, notably though a dearth of available trade data, and poor statistical harmonisation worldwide. Paul Cochrane reports.
Artificial intelligence (AI) and machine-based learning has been used for the past decade by financial institutions to sift through vast amounts of data to spot anomalies as well as verify information.…
AML FINES RISE – BUT HOW EFFECTIVE ARE THEY?
Anti-money laundering fines worldwide are expanding fast, say researchers, but assessments of whether this reduces and deters money laundering or just feed government coffers are not yet conclusive. According to Ireland-based international compliance firm Fenergo, AML/CFT fines worldwide – levied on organisations failing to operate legally mandated AML/CFT controls – increased 52% year-on-year in 2022, totalling USD4.1 billion, compared to USD2.7 billion in 2021.…
SOIL ASSESSMENT TECHNOLOGY WILL HELP FARMERS COPY WITH CLIMATE CHANGE
Climate change, coupled with a greater post-Brexit UK government emphasis on schemes such as the Sustainable Farming Incentive, which includes payments support the sustainable management of soils, means the need for high-quality soil analysis, utilisation and innovation is greater than ever.…
POTENTIAL EU DUTIES ON CHINESE BEV IMPORTS WOULD HIT TESLA, BMW AND RENAULT
Sales in Europe of China-built electric vehicles (EVs), such as Tesla Models 3 and Y, BMW iX3 and Renault Dacia’s Spring, could all be hit if the European Union (EU) slaps proposed countervailing duties on cheap battery electric vehicles (BEV) made in China.…
USING AI TO DETECT AND FIGHT TRADE-BASED-MONEY LAUNDERING
As artificial intelligence (AI) systems advance, detection of trade-based-money laundering (TBML) should improve, but there are major drawbacks to widespread implementation, notably though a dearth of available trade data, and poor statistical harmonisation worldwide. Paul Cochrane reports.
Artificial intelligence (AI) and machine-based learning has been used for the past decade by financial institutions to sift through vast amounts of data to spot anomalies as well as verify information.…
INDIA’S GROWING POPULATION AND ECONOMY MAJOR PRIZE FOR CONFECTIONERY INDUSTRY
The Indian confectionery industry, which according to London-based market researcher Euromonitor International, is expecting sales of Indian Rupees INR335.92 billion (USD4.05 billion) in 2023, up 13.4% year-on-year, excelling with consolidation, automation and advanced packaging.
Growth is seen in almost every confectionery and sweet bakery segment, as per Euromonitor data.…
INDIA’S GROWING POPULATION AND ECONOMY MAJOR PRIZE FOR CONFECTIONERY INDUSTRY
The Indian confectionery industry, which according to London-based market researcher Euromonitor International, is expecting sales of Indian Rupees INR335.92 billion (USD4.05 billion) in 2023, up 13.4% year-on-year, excelling with consolidation, automation and advanced packaging.
Growth is seen in almost every confectionery and sweet bakery segment, as per Euromonitor data.…
SAUDI ARABIA’S UNIVERSITIES SETTING THE WHEELS IN MOTION FOR SUSTAINABILITY
Saudi Arabia’s universities are ramping up their efforts to boost their sustainability working within an unforgiving status quo of fossil fuel reliance, high energy and water consumption plus rising greenhouse gas (GHG) emissions.
Public and private universities have in recent years started addressing these challenges by fostering sustainability practices on their campuses and influencing Saudi society to become environmentally conscious. …
SOUTH AMERICA OFFERS DIVERSE NATIONAL MARKET FORTUNES FOR PAINT AND COATING INDUSTRY
South America often eschews regional economic trends, with countries having sharply diverging fortunes, reflecting their contrasting economic interests and performance, as well as differing political records and policies. The paint and coating sector is not insulated from these trends, and while global issues such as the Covid-19 pandemic and Russia’s invasion of Ukraine affect all national markets and producers, in South America, the impacts are often manifested differently across the continent.…