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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.…

KNOW Your Customer (KYC) maybe a key building block of AML/CFT, but undertaken periodically, it is expensive, can be difficult to manage and can annoy customers, eroding cooperation and hence effectiveness. That is why perpetual (or continuous, or ongoing) KYC has become an attractive option.…

THE GROWING popularity of cryptocurrencies has stoked concerns that they offer a haven for money launderers. The concern focuses on the risk that crypto can be used anonymously to buy goods and services, without them being converted into fiat currencies through exchanges that are a key focus of emerging AML/CFT controls.…

Obliged entities following the risk-based approach of calibrating AML/CFT controls lodging suspicious transaction reports must rely on solid knowledge about their customers and partners. But to be comprehensive in assessing risk, obliged entities must know something about their customers’ customers.

That is the underpinning of ‘know your customers’ customers’ (KYCC) systems that are increasingly being touted by vendors.…

China’s digital textile printing sector has significant growth ahead of it – but it is expanding. Data from the Qianzhan Industry Research Institute, in Shenzhen, shows that the output of digital inkjet printing in China currently accounts for approximately 11% of total output of printed fabrics, far from Europe’s ratio of 80%.…

Apparel and footwear brands, especially those in the United States, may come under increasing distribution strain as an uptick in Covid-19 cases in the Chinese clothing and textile manufacturing hub of Guangdong exacerbates already fraught global logistics.  The southern Chinese province recorded 135 total infections over the period June 10–23 and a seven-day average of nine new cases as of June 23, according to data from the USA’s Johns Hopkins University.…

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 world’s clothing and textile sector is keeping a close eye on China’s National People’s Congress, which congregated in Beijing’s Great Hall of the People last Friday (March 5) in a ‘Two Sessions’ event to review and ratify the draft outline of the 14th Five-Year Plan (2021-2025).…

Environmental regulation is becoming increasingly tight for textile companies and this of special concern for the higher-tech side of the industry where new fibres, chemicals and processes are delivering a cutting edge. This is especially the case for innovative segments such as performance and outdoor materials.…

A MAJOR gambling complex in Sydney, costing Australian dollars AUD2.2 billion (USD1.7 billion) to build, should not be operated by its owner Crown Resorts because of AML weaknesses, a New South Wales (NSW) regulator has concluded.

A major inquiry by the NSW Independent Liquor and Gaming Authority has concluded that neither Crown nor any close associate is currently “a suitable person to continue to give effect to the Barangaroo restricted gaming licence”, covering the new casino, which is ready to open.…