Search Results for: Canada
10 results out of 1948 results found for 'Canada'.
THE MERGING OF FUNCTION AND DESIGN IS RESHAPING THE GLOBAL CLOTHING AND TEXTILE INDUSTRY
INTRODUCTION
The COVID-19 pandemic has had many profound social and economic impacts, but maybe one of the most important for the clothing and textile sector has been how it encouraged the meshing of design and function in products.
With consumers staying at home, they have looked for apparel to provide comfort as much as formal elegance, of more importance when working in an office or attending public evening events.…
CANADA USED AUTOMARKET GATHERS STRENGTH AS COVID-19 EBBS
As Canada’s auto market emerges from its Covid-19-inspired slump, new vehicle sales are competing against increased demand for used vehicles, as inventories remain tight and prices rise across the board.
Canadian used vehicle prices have tracked upwards steadily in the past 10 years, according to data from JD Power (1), inching towards 110% of 1998 levels by early last year.…
ILLEGAL DRUGS ARE STILL THE LARGEST SOURCE OF DIRTY MONEY WORLDWIDE
The narcotics trade was a prime motivator to enact global anti-money laundering regulations to curb dirty money flows. Over 30 years later, drug trafficking is still considered the largest transnational crime by international law enforcement agencies. It is worth an estimated USD344 billion-a-year, according to Interpol, followed by counterfeiting crimes (USD288 billion) and human trafficking (USD157 billion).…
VENDORS OFFER TECHNICAL SOLUTIONS TO DATA ANALYSIS DEMANDS OF KYCC
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.…
TOBACCO INDUSTRY UNDER GROWING REGULATORY PRESSURE TO REDUCE FILTER LITTER
New regulatory plastic waste obligations coming into force in July (this year) will force tobacco producers selling into the European Union’s (EU) 447-million-person market to take measures to reduce butt littering. The move, part of the EU’s Single Use Plastics Directive (SUPD) (Directive (EU) 2019/904), are designed to reduce the 4.5 trillion cigarette butts that end up as litter annually worldwide (according to the UN), generating 845,000 tonnes of waste, according to a New York (USA) state document.…
MEXICO CLOTHING INDUSTRY TO IMPROVE AMERICAN TRADE RELATIONS UNDER BIDEN ADMINISTRATION
With President Joe Biden assuming office in the United States, the Mexican clothing and textile industry is hoping improved trading relations, building on the legacy left by former President Donald Trump that it regards largely positively.
The Mexican Apparel Association (CANAIVE – Cámara Nacional de la Industria del Vestido) was particularly happy with the renegotiation of the North American Free Trade Agreement (NAFTA), now called the US-Mexico-Canada Agreement: “USMCA opened new opportunities for our industry while seeking to obtain a more solid regional integration,” said CANAIVE, in a note to just-style.…
CHINESE COTTON STANDARD PUSHED TO BUILD SUPPORT FOR XINJIANG FIBRE SUPPLIES
As the world looks upon China’s oppression of the Uyghurs in Xinjiang, clothing companies have been stepping carefully around calls for brands to refuse to handle fabric that includes Xinjiang cotton.
Xinjiang grows 87% of Chinese cotton crop, with 5.16 million tonnes produced in 2020.…
HOW WOULD AML/CFT BE DESIGNED – IF BUILT FROM SCRATCH TODAY?
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).…
BIOMETRIC TECHNOLOGY INCREASINGLY SOPHISTICATED AS COMPANIES SEEK REAL TIME ID SOLUTIONS
The test remains the same. French tech multinational Thales stressed in a paper that they “allow a person to be identified and authenticated based on recognisable and verifiable data, which are unique and specific…” compared to a person’s biometric template.…
CANADA AUTOMOTIVE CYBER SECURITY CENTER RAISES AWARENESS OF HACKING RISK FOR AUTONOMOUS VEHICLES
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.…