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While UK authorised push payment (APP) fraud losses were down 17% in 2022 year-on-year, they still cost victims GBP485.2 million (USD619 million) and comprised 57% of all reported cases relating to purchase fraud, with case volumes breaking 100,000 for the first time.…

Regulators worldwide are cracking down on poor labour and environmental practices in apparel supply chains amid growing concerns about upstream parts of the clothing industry. Probes into major international fashion brands, who have been criticised about alleged malpractice by their suppliers have been encouraging legislative and regulatory reforms.…

Following the collapse of two high profile cases against mining majors Rio Tinto and ENRC (1), there have been broad calls for the UK’s Serious Fraud Office (SFO) to be reformed to better tackle complex cases. This includes reforms ranging from changing the disclosure regime and its investigative model, to better funding and more cooperation with other enforcement agencies.…

The UK’s new Public Sector Fraud Authority (PSFA) saved taxpayers GBP311 million (USD377.5 million) in its first year of operation, far outstripping the GBP180 million (USD218 million) target set at its launch in August 2022. Baroness Neville-Rolfe, minister for the Cabinet Office, unveiled the “big win for taxpayers” at a September 2023 meeting of the International Public Sector Fraud Forum, which brings together the so-called ‘Five Eyes’ nations – Australia, Canada, New Zealand, the UK and the United States – to share best practice in combatting public sector fraud.…

The Ontario government is pump-priming technologies for the development of connected and autonomous vehicles (CAVs), as other provincial administrations in Canada and the federal government steadily roll out laws for testing and driving self-drive autos.

The province’s Ontario Vehicle Innovation Network (OVIN), part of the publicly-funded Ontario Centre of Innovation (OCI), has played a key role.…

Every new information technology is a potential double-edged sword for committing and detecting financial crime, including money laundering and terror finance, and the development of large language model (LLM) processing AI systems, such as ChatGPT, is no exception.

Experts have already raised concerns about how these systems could be abused by money launderers, as well as how they may help obliged entities, FIUs and related law enforcement agencies fight dirty money flows.…

European Union (EU) knitwear brands are facing an upcoming ban on the destruction of their products, when unsold and unused, under a proposed EU ecodesign regulation. The EU Council of Ministers is planning to insist on this ban during negotiations with the European Parliament and European Commission about a final text.…

Bangladesh clothing manufacturers have been looking to expand export sales beyond their established markets in the European Union (EU), the United States, Canada and the UK, seeking new revenue in non-traditional markets such as Brazil, India, Japan and South Korea.

According to data from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh apparel exports for 2022 (calendar year) have sourced 16.1% of revenue from non-traditional markets – USD7.35 billion, out of overall apparel exports of USD45.7 billion.…

Algae, especially microalgae, have come to inhabit nearly every ecosystem on the planet, including some of the most inhospitable – offering ideal sources for bio-based oils and fats, some with potentially novel uses. Indeed, over time, each species has evolved specific biochemistries and metabolic profiles to thrive in each habitat niche.…

Higher education students worldwide have been pushing solutions to target the UN Sustainable Development Goals (SDG), a Higher Education Sustainability Initiative (HESI) global forum https://sdgs.un.org/HESI in New York heard yesterday (July 17).

Veronica Dzeagu, chief technical officer, All-Africa Students Union (https://aasuonline.org/…