Search Results for: Climate change

FATF says FIUs must be a national centre for the receipt and analysis of suspicious transaction reports (STRs) and other information linked to ML, associated predicate offences and terrorist/proliferation financing, and disseminate that analysis. FIUs should be able to obtain additional information from obliged entities, and access relevant financial, administrative and law enforcement data.…

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).…

The Chinese auditing unit of accounting giant PwC has been fined a record Chinese Yuan Renminbi CNY441 million (USD62.7 million) and banned from auditing in mainland China for six months after a regulator concluded it had “covered up and even condoned” fraud.…

The UK countryside is not generally regarded as a cradle of innovation. However, business data and the increased visibility of rural business thanks to social media indicate that countryside entrepreneurship is emerging as a major contributor to the domestic start-up sector.…

The new European Commission (2024-2029) taking office on December 1, 2024, under reappointed Commission president Ursula von der Leyen should use its term of office to enable a strong, competitive agri-food chain. That was the message of European Union (EU) food industry experts speaking to Just Food this week.…

India’s struggling biofuel industry may finally be picking up as the country’s oil refining major, Reliance Industries Ltd, announcing an Indian Rupees INR650 billion (USD7.72 billion) investment plan to set up 500 compressed biogas (CBG) plants over the next three years in the southern state of Andhra Pradesh.…

The ongoing conflict in Myanmar, as its military government loses control over territory to rebel groups, is severely affecting the country’s clothing and textile industry. This is especially in the central Burman region, where a majority of the sector’s factories are located.…

The nearly two-month long Israeli military attacks on Lebanon, an escalation of a year-long conflict between Israel and Lebanese Shia militant group Hizbullah, has hit the country’s higher education sector hard. The impact is all the worse given Lebanon’s universities and colleges have been struggling with financial and economic problems for the past five years.…

The government of Eswatini has stopped scholarships for bachelor of arts (BA) in humanities degrees in the country’s key public HE institution, the University of Eswatini (UNESWA), with effect from the 2025/2026 academic year.

Prospective and current students who were hoping to secure public financial assistance for BA courses such as English, geography, history, religious studies and African languages.…

Fashion retailers worldwide have publicly committed themselves to achieving ambitious sustainability goals, ranging from reduced emissions to greater circularity of materials through more effective recycling. Some of these goals have been adopted from external sources, such as the United Nations Sustainable Development Goals (UN SDGs) (https://sdgs.un.org/goals…