Search Results for: China

GIVEN the hundreds of billions of dollars spent by banks on fighting money laundering, fears that trade-based money laundering (TBML) remains widespread, as stressed by FATF, the APG (http://www.fatf-gafi.org/publications/methodsandtrends/documents/trade-basedmoneylaunderingtypologies.html), and most recently, the European Commission (https://ec.europa.eu/info/sites/info/files/supranational_risk_assessment_of_the_money_laundering_and_terrorist_financing_risks_affecting_the_union_-_annex.pdf), are of serous concern. The World Trade Organisation (WTO) said that in 2018, global merchandise exports were worth USD19.48 trillion, so there is plenty of place for laundered money to hide.…

• 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.…

WHILE clothing manufacturers within Italy have not been told to close outright in the country’s bid to fight the Covid-19 virus, many have been subject to major disruption during this health emergency. A drop in demand for clothing and textiles in China and the cancellation of fairs and missions both abroad and in Italy have hit brands hard, with events being called off and many catwalk shows at Milan Fashion Week (18-24 Feb 2020) having taken place behind closed doors as the virus outbreak gathered strength.…

India’s nonwoven technical textile industry has been at the centre of two successive public heath emergencies – first ramping up production of air purifier filters to combat dangerous levels of winter air pollution and now increasing the output of materials needed to make face masks to fight the Coronavirus outbreak.…

Nicotine consumption is declining worldwide, with smokers are consuming less, as well as e-cigarette and heated tobacco users, according to market research provider Euromonitor International’s ‘Nicotine Survey, Exploring the Modern Nicotine Landscape’.

“Overall [the study] shows nicotine prevalence is declining not growing, and it is clear to see there isn’t much evidence that greater availability of nicotine formats is increasing smoking prevalence among adults,” said Shane MacGuill, head of tobacco research at Euromonitor International, in a webinar attended by TJI.…

INTERNATIONAL export centres for the wool industry have been considering how they will help fill gaps in supplies to the knitwear sector because of the damage caused to Australia’s wool sector by January’s devastating bush and outback fires. Extensive rain has now at last extinguished most of Australia’s bushfires, but wool growers are still assessing the damage.…

CHINESE consumers, especially in younger generations such as Millennials and Generation Z, are increasingly concerned with eating healthily- and that includes snack choices. In a trend that may increase following the Covid-19 outbreak, sales of yoghurts, nut snacks and snack bars have all seen soaring growth in sales in recent years.…

THE PERUVIAN government has created a textile and clothing industry roundtable group that has been charged with forging backward linkages delivering a comprehensive domestic supply chain from fibre to fabric, that will reduce costs for the country’s apparel sector. Currently imports significant volumes of yarn and cotton, increasing expenses for the clothing sector.…

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.…

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.…