Search Results for: hong Kong

New aspiring entrants to the AML/CFT and other compliance sectors will be hard hit regarding available jobs and related pay and conditions by the ongoing Covid-19 pandemic, according to international recruitment agency Randstad. Its Hong Kong director banking and financial services Rick Chung warned: “Similar to what we have witnessed during the global financial crisis, it will be challenging for fresh graduates to secure jobs during these extraordinary times.”…

THE COVID-19 pandemic has proved a mixed blessing for Hong Kong-based garment supplier Esquel. While export earnings have plummeted, Esquel has pivoted by adding non-medical use face masks to its product line, which it will sell under the company’s own label Determinant – boosting its profile.…

With many brands and manufacturers unable to visit factories due to travel bans and lockdowns during the Covid-19 crisis, experts have told just-style that there are numerous ways they can still proceed with responsible sourcing, using trusted local representatives. Hervé Ostrowski, chief operating officer at Hong Kong-based supply chain compliance solutions provider QIMA, advised that “brands must have reliable boots on the ground…who can still carry out onsite audits when possible.”…

The Covid-19 pandemic has given email fraudsters an opening to increase the effectiveness of their duplicitous communications and sharpen the harm that they cause to companies and individuals receiving these malicious messages.

“All forms of cyber fraud are way up,” said Mason Wilder, senior research specialist at the Association of Certified Fraud Examiners (ACFE).…

THE CHINESE government has announced that it will add another 46 cross-border e-commerce pilot zones in the country, bringing the number to 105, according to the State Council, effectively mainland China’s cabinet. The move is designed to help revive China’s export industries, which have been damaged by the Covid-19 pandemic.…

INTRODUCTION – SERIES

A series of reports from WTiN is exploring the need for the textile and clothing sector to protect itself against attacks from cybercriminals as it invests in new transformative Industry 4.0 technologies – extended reality, artificial intelligence and the Internet of Things.…

GERMANY’S strong paint and coatings industry is facing a significant loss in sales because of the global Covid-19 pandemic – Germany expects a fall in economic output of up to 20% in 2020. Industry experts expect that the country’s coatings and paint industry will suffer accordingly.…

• 1MDB SCANDAL IN MALAYSIA SEES USD BILLIONS STOLEN AND HIDDEN

Malaysia 1MDB scandal is one of the largest money laundering cases ever, worldwide, with Malaysian courts considering charges over how at least USD4.5 billion was stolen and then spent or laundered from Malaysian sovereign wealth fund 1Malaysia Development Berhad by former Prime Minister Najib Razak and his associates.…

Joe O’Regan is a busy man, and busier than ever because of Covid-19, the novel coronavirus that has upended global life on an unprecedented scale.

“These past few weeks have been a complete game changer for all of us,” says O’Regan, FCCA, the director of Harvard University’s Global Support Services (GSS), a relatively new organisation within the university that supports students, faculty, and staff overseas — from responding to overseas emergencies to repatriating university affiliates in times of crisis.…

HONG Kong listed companies have been given an additional 60 days to file annual reports because of the Coronavirus pandemic, with the HK Securities and Futures Commission (SFC) and the Hong Kong Stock Exchange (HKEX) saying additional delays maybe approved on a case-by-case basis.…