Search Results for: America

Vendors continue to roll out what they claim are ever more powerful CDD/KYC systems, helping enable compliance with increasingly comprehensive ultimate beneficial ownership (UBO) laws.

But do these technologies offer the AML community the potential to consider a new model – focusing on robust CDD by obliged entities, without the need to report STRs, and relying on better financed law enforcement to demand information via subpoenas to firm up ML cases?…

The central American and Dominican Republic clothing and textile sectors are lobbying against the United States scrapping the China 301 tariffs on finished apparel imports following a possible entente with Beijing, saying that the duties are helping encourage investments in their countries.…

With cyberattacks on the rise, organisations are having to devote ever more time and resources to defending against malicious activity – and some are now considering active defences, hacking back the hackers, to deter them and maybe damage their ability to harm victims.…

A lack of common international Islamic financial regulatory system is hindering the development of Islamic social finance instruments, causing a dearth of good practice solutions that could effectively fight poverty, say experts.

In the February 2021 issue of the ISRA (International Shari’ah Research Academy) International Journal of Islamic Finance, Abdulsalam Ahmed Sawmar and his co-authors say one key element of Muslim charity – zakat (obligatory charity) – historically, “has been an integral part of the Islamic economic system because of its sizable impact in achieving social harmony and preserving decent living standard for the needy segments of Muslim communities.”…

China’s textile industry has been under intense pressure during the first half of this year (2022) to deal with the country’s continuing struggle to contain Covid-19, imposing tough lockdowns, even as much of the rest of the world eases social distancing rules.…

The American infant formula market has been suffering from shortages, in part, because of a problem rarely encountered in the US economy, a lack of free market competition.

The nationwide baby formula out of-stock percentage was at 74% for the week ending May 28, according to retail-tracking company Datasembly.…

Growing environmental concerns and rising awareness of sustainable energy resources is driving considerable growth in the global used cooking oil (UCO) market. Production is also being boosted by recent technological advancements in UCO processing, expanding supplies from the rapidly evolving foodservice industry and initiatives by various governments to promote UCO for industrial use.…

Cannabidiol oil, or CBD oil, has steadily become a more in demand commodity supplied by the bio-based oils and fats industry due to rising product usage in food, pharmaceuticals, supplements, nutraceuticals, lotions, shampoos, soaps, bath gels, massage oils and cosmetics.

Product developers stress how CBD products can provide consumers with relief for anxiety, depression and post-traumatic stress disorder.…

The global ‘cultured’ artificially-produced meat market may be set to soar amid greater environment-friendly government policies worldwide, investment and the growth in green consumerism, but questions remain if this novel food can be recognised as halal.

Cultured meat (also known as lab-grown or cultivated meat) is typically produced by harvesting cells from a living animal and cultivating them outside the animal’s body using tissue engineering and cellular agriculture to form cuts of meat.…

Sri Lanka’s halal-certified food and beverage industry is looking at innovative ways to weather the country’s current deep economic crisis, which is spiralling out of control – a state of emergency was imposed on Friday (May 6). Its success or failure matters because its exports account for 65% of Sri Lanka’s total food and drink exports, which generated average annual receipts of USD2.56 billion between 2016 and 2020, according to the island’s Halal Accreditation Council (HAC).…