Search Results for: Brazilian

A duo behind a fraudulent green investment scheme, Global Forestry Investments, which defrauded around 2,000 investors out of their savings and pensions, have been jailed for 11 years in the UK, following a successful prosecution by the Serious Fraud Office (SFO).…

Switzerland-based multinational mining and energy group Glencore will pay almost USD1.2 billion in fines and penalties to the US, UK and Brazil for corrupt and dishonest trading, including bribing African officials and illicitly manipulating oil market prices.

With prosecutorial investigations continuing in the Netherlands and Switzerland, Glencore said yesterday (Tuesday 24/5) that it would set aside USD1.5 billion to settle all cases relating to this malpractice.…

INTRODUCTION 

The connection of information and operational technology through smart factories makes for undeniable improvements in manufacturing efficiencies, in output and cost. But all new technologies spark fresh vulnerabilities for attacks by criminals. Given the latent strength of smart factories is in connectivity, cyber-attacks are their most important illicit threat.…

The gap between halal and natural beauty is narrowing down as halal beauty brands integrate more natural and vegan ingredients into their products, and global cosmetics companies use more ingredients that are inherently halal.

“In essence, the majority of halal ingredients are of non-meat origin, hence vegan products, for example, are by default usually halal,” Amna Abbas, consultant for beauty and fashion at Euromonitor International told Salaam Gateway.…

A senior lawyer in Brazil who has defended criminals accused of money laundering has told MLB how the Lava Jato cases which highlighted massive public corruption have pushed launderers towards using crypto-currency to hide dirty money.

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 by cases he is defending. …

China’s fast fashion cross-border e-commerce fashion retailer Shein is little known within China but its profile overseas continues to rise, with Reuters reports estimating the company may have generated about Chinese Yuan Renminbi CNY100 billion (USD15.7 billion) in revenue in 2021 as the Covid-19 pandemic shifted global consumption online.…

With fraud levels booming – a PwC report released last May (2021) said 47% of more than 5,000 interviewees’ companies suffered an average of six frauds in the previous two years – anti-fraud professional salaries are growing. (1)

The Association of Certified Fraud Examiners (ACFE) will release its next anti-fraud sector salary survey in the summer, but Mason Wilder, an ACFE research specialist confirmed pay is “going up – as are most wages and salaries in professional fields”.…

INTRODUCTION

The growth in digital textile printing across the Americas has created a surge in demand for a wide range of digital inks, which is spreading into Latin America as well as north America. The adaptability and broad uses of digital inks, for garments, household products, technical textiles, and more, fits the diversity of the textile sector in the Americas, which spans higher wage industries such as US textile production to lower cost manufacture in central America.…

INTRODUCTION

Textile and clothing companies are well aware of two major trends driving sales in the industry – sustainability and digitisation. One is driven by the need to adopt sustainable manufacturing processes and materials, to boost sales amongst environmentally conscious consumers and reduce financial and regulatory costs associated with pollution and carbon emissions.…

Brazil’s larger companies operating digital textile printing services have experienced a sharp recovery since social distancing restrictions imposed by Covid-19 waned, with many companies now investing in new equipment to move forward. But the country’s troubled politics – with far-right President Jair Bolsonaro earlier this month (September) saying he would refuse to recognise decisions made by the country’s Supreme Court – are limiting how much commercial risk textile firms are prepared to make.…