Search Results for: Australia

The Peruvian alpaca-based fabric industry is targeting a robust post-Covid 19 recovery by strengthening its international relationships through strategic alliances. Also, by focusing on innovation, this speciality wool segment is also trying to reverse declines in production and exports worsened by claims of cruelty by alpaca farmers made by USA-based campaign group PETA (People for the Ethical Treatment of Animals).…

IN Australia, the process of bringing the nation’s AML/CFT laws and regulations up to international standards has stalled, senior AML/CFT specialists have told MLB. And a widening banking scandal currently highlights the need for reform, they say, with Australian financial institutions struggling to detect and report money laundering and other criminal transactions.…

DESPITE Australia’s uninterrupted economic growth since 1991 ahead of the Covid-19 pandemic, lax rules on bribery and money laundering have dented its government’s reputation. Reforms to the country’s foreign bribery and commercial crime laws are on the horizon and there is talk about lawyers, accountants and real estate agents having to report on suspicious transactions, but progress has been painstakingly slow.…

COVID-19 and the expansion of home-based working it has forged has posed significant challenges to AML/CFT training and mentoring. As a result, vendors, AML bodies and experts have been developing new services and strategies to ensure that AML officers keep their skills honed during the pandemic.…

AUSTRALIA has chosen an unorthodox path in transitioning to a low carbon economy. Its centre-right government has advised the country’s clean energy agencies to decrease investment in renewables such as solar and wind and instead increase investment in hydrogen, carbon capture and storage, microgrids and energy efficiency.…

The Covid-19 pandemic is set to drive a near threefold surge in the antiviral coatings market as researchers and developers say they now realise how little they know about effective materials combatting such threats.

The search for more universal antiviral materials “should be continued with even higher intensity”, said Professors Ken Ostrikov and Ziqi Sun from Queensland University of Technology, in Australia, in their September (2020) report, ‘Future antiviral surfaces: Lessons from COVID-19 pandemic’, featured in the publication ‘Sustainable Materials and Technologies’.…

AUSTRALIA’S digital textile finishing market is small and therefore challenging compared to markets in Asia, Europe or the US. Australian fashion and fabric manufacturers usually outsource finishing to partners in Asia, notably in China or India, but use local digital print companies for smaller runs and sampling, said Romeo Sanuri, general manager Next Printing, which offers digital printing services to textile customers from Sydney.…

Mavi, the Turkish denim giant, sold 9.7 million pairs of jeans worldwide in 2019, and, its chief executive has told just-style, has rebounded from the shuttering of the garment sector earlier this year with e-commerce sales doubling in its major markets.…

International efforts are stepping up to scope and map what it will take to wean chemical manufacturing off its high dependence on oil and gas feedstock for chemicals that are then used to make plastics, fertilisers and other important products.

Options include using building-block raw materials from biomass instead of fossil-fuel feedstock; boosting the yield of chemicals for a given quantity of feedstock; and, applying advanced recovery and recycling technologies in circular economy approaches.…

REGULATING money laundering within the gaming sector needs to be tough because of the potential to move large sums of money through regulated casinos, sports and online betting services. While placing an accurate number on the amount of money laundered through the sector is impossible, the scope for doing so is illustrated by the sector’s huge size – according to international market researchers Research & Markets, the industry’s worldwide turnover should reach USD525 billion by 2023 (1).…