Search Results for: Canadian

The establishment of Study in Greece (SiG) as a national agency supported by Greek state is the latest step in an ongoing process to unlock a world of educational possibilities and deepen international collaboration to revitalise higher education in the country.…

Experts at the recent global Association of Certified Fraud Examiners (ACFE) conference in Seattle have been stressing the potential that crypto blockchains offer in tracking commercial crime – but more comprehensive regulation would aid probes. Keith Nuthall and Andreia Nogueira report.…

The use of money mules moving dirty money worldwide continues to grow, with law enforcement, financial institutions and researchers continuing to highlight the problem. In the UK, 31,979 money mule cases were recorded in 2017; rising to 40,129 in 2018; 42,900 in 2019; and 40,353 in 2020; according to 2022 research published in the International Journal of Business and Economy (1).…

Human trafficking and modern slavery have grown exponentially in recent years: in 2021, 50 million people worldwide were estimated to be living in modern slavery, 10 million more than in 2016, according to the International Labour Organisation (ILO). (1) These crimes – sometimes referred to with the acronym HT-MS – are extremely profitable, ahead of narcotics and arms trafficking, according to Tarana Baghirova, programme officer at the Organisation for Security and Co-operation (OSCE) in Europe.…

While the benefits of implementing artificial intelligence (AI) into the paints and coatings industry are well accepted, from the deployment of painting robots to achieve better vehicle finishes in the automotive manufacturing industry, and even consistent production of paint itself, the latest range of chat-based AI tool offers additional benefits say experts.…

The Canadian auto sector and governments appear united in saying the huge subsidies sunk into securing a Canadian dollars CAD7 billion (USD5.1 billion) Volkswagen battery plant in St Thomas, southern Ontario, make good commercial and economic sense.

The level of financing could indicate what the Canadian and Ontario governments will have to spend to persuade Stellantis to restart stalled work at its planned battery manufacturing plant in Windsor, across the border from Detroit.…

Anti-money laundering is a detection game, with AML officers (AMLOs) looking for red flags that may indicate crime-tainted transactions, and then digging deeper. But that usually requires automated alerts which need to be managed and tweaked, with algorithms configured according to risk.…

With the world’s illicit economy making up between 7% and 15% of global GDP according to the International Coalition Against Illicit Economies (ICAIE) (1), a national security NGO based in Washington DC, the need for robust law enforcement, including AML controls is clear.…

Speaking at the event on Friday (Feb 17), Mark Carney, UN special envoy for climate action and finance, and former central bank governor for the UK and Canada, said of the baseline: “It’s critical. You need compatible information.”  

Mr Carney stressed ongoing discussions between the ISSB and major jurisdictions, such as the EU (European Union), the USA and Japan, about the need for regulatory harmony.…

The fact that AML/CFT is expensive is widely appreciated by governments and international organisations, but they still support policies and programmes that cost a considerable proportion of the USD274.1 billion that LexisNexis Risk Solutions says is lavished on financial crime compliance (1).…