Search Results for: Brazilian

Brazil, which is among the countries with the highest alerts (1.36 million in 2023) for financial crimes involving shell companies, as per the Moody’s Shell Company Indicator quoted by CNN (1), “has made important strides to improve” its  Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) system and “is achieving some positive results”, but still “needs to strengthen cooperation and coordination between certain authorities and improve prosecution”, warned the Financial Action Task Force (FATF) in 2023 (2).…

But even though the Lava Jato task force was officially disbanded in 2021, Pierpaolo Bottini, partner at São Paulo-based Bottini & Tamasauskas Advogados, and a former director of the Economic Criminal Law of the Brazilian Institute of Criminal Sciences, said this abuse of crypto has been highlighted in cases he is defending. …

The ability of computer algorithms to identify outlier behaviour and indicate potential fraud is becoming stronger as IT specialists, mathematicians and AI develop new applications and techniques, offering anti-fraud professionals better tools to unearth and prosecute financial crime.

A McKinsey report from November 2022 (1) noted how companies are using machine-learning algorithms to assess data to maximise fraud detection through reducing false positives and missed fraud.…

Brazil generated 92.8% of its electricity from low or zero carbon sources during the first nine months of 2023, producing more clean power by proportion of overall output among all G20 countries in 2022, with a share of 89.1%, according to data released by London, UK-based global energy thinktank Ember (1).…

South America often eschews regional economic trends, with countries having sharply diverging fortunes, reflecting their contrasting economic interests and performance, as well as differing political records and policies. The paint and coating sector is not insulated from these trends, and while global issues such as the Covid-19 pandemic and Russia’s invasion of Ukraine affect all national markets and producers, in South America, the impacts are often manifested differently across the continent.…

A GRI (the Global Reporting Initiative) and EFRAG (the European Financial Reporting Advisory Group) joint statement has detailed the mutual recognition of reporting under both GRI and European Sustainability Reporting Standards (ESRS).

Stressing that both systems focus on double materiality (the impact of sustainability issues on companies and companies’ impact on sustainability), the GRI and EFRAG said they will establish a list of the ESRS disclosure requirements and datapoints that correspond to GRI disclosure requirements and datapoints, enabling ESRS reporting with reference to GRI.…

Portugal’s footwear industry is trying to maintain its near-shoring position as a western production hub, while attracting more business as a reliable alternative to Asian manufacturing hubs, investing in innovation, quality and sustainability.

Portugal comprises an important part of the remaining European footwear sector, which according to the World Footwear Yearbook 2023 produced just 2.7% of global output in 2022 (1).…

International clothing brands have been hoping to see major outsourcing centres develop their own sustainable apparel markets, but this year’s choppy global economy has impeded sales to these potentially lucrative consumer bases.

Brazil, the world’s 10th largest economy, with 216 million people, was back in 2011 considered by US-based consultants A.T.…

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.…

The Brazilian textile sector has been increasing investment in digital printing, modernising its finishing to boost international competitiveness to offer near-sourcing services to American and European clients as western buyers review their China sourcing.

India-based business intelligence service Infinium Global Research, in a report sent to Digital Textile, said the Brazilian digital textile printing market was worth USD28.37 million in 2022, projected to rise to USD75.25 million by 2030.…