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CUSTOMS forces can benefit from new sensor kit, enabling them to scan containers to ensure contents are as declared on docket – but to use these techniques to fight trade-based money laundering, they need to be integrated with accurate financial intelligence.…

The Tunisian clothing industry association will this week launch a major review of the sector’s market positioning as it seeks to help manufacturers survive the ongoing political turmoil that is wracking the country.

Nafaa Ennaifer, vice president of the Fédération Tunisienne du Textile et de l’Habillement (FTTH), told just-style his organisation would on Friday (March 12) launch a new market study in partnership with the Global Textiles and Clothing Programme (GTEX) and its Middle East and North Africa arm MENATEX.…

EMPLOYERS who fear they are being fleeced by a corrupt employee or being hacked externally do not just need to find the attacker, they must comply with data protection and privacy protections while they conduct their investigations. Breaching such laws can undermine any criminal or civil case brought against a fraudster or hacker or can weaken inside dismissal and disciplinary negotiations with the offender.…

Ever since President Joe Biden defeated former US President Donald Trump last November (2020), foreign policy experts have been predicting change regarding American foreign policy. This is especially as regards approaches to the Middle East, notably in dealings with the Gulf states.…

THE EUROPEAN Banking Authority (EBA) has warned that national banks and financial regulators within the European Union (EU) to take care financial institutions they monitor do not weaken their AML/CFT controls through Covid-19.

In its latest biennial assessment on AML/CFT risk, the EBA warns that increased remote on-boarding by banks and services unused to handling KYC and CDD online “may expose the financial sector to additional ML/TF risks”.…

Fraud, cybercrime and e-commerce scams are on the rise in the United Arab Emirates, with the COVID-19 pandemic presenting new opportunities for criminals. The government has launched an anti-fraud campaign, but laws and enforcement are still not up to scratch. Paul Cochrane reports.…

The surge in ecommerce in the past year driven by the Covid-19 pandemic will push financial institutions and commercial traders to use more big data analysis, maybe utilising artificial intelligence (AI), to identify anomalous behaviour, say fraud analysts.

International payments company Worldpay (part of the FIS Group, based in Florida, USA, since 2019) valued global online spending at USD4.6 trillion last year, up 19% on the previous annual figures – the highest growth in the past five years.…

Environmental regulation is becoming increasingly tight for textile companies and this of special concern for the higher-tech side of the industry where new fibres, chemicals and processes are delivering a cutting edge. This is especially the case for innovative segments such as performance and outdoor materials.…

INTRODUCTION

NEW technology can deliver effective maintenance strategies to clothing and textile manufacturers, helping them go beyond reactive and proactive maintenance, moving into the more sophisticated world of prediction. The goal is to deliver an optimum maintenance strategy that enables manufacturers to get the most value out of their plant and equipment by spending the least amount of time, resources and money to deliver effective performance.…

SERIOUS steps are being taken to forge international non-financial reporting standards, with the IFRS Foundation mulling a new board agreeing global guidance. But in parallel, the European Commission is planning a comprehensive non-financial reporting directive forcing larger European Union (EU) companies to report on their environmental and social impact and governance issues, including ethics, innovation and supplier/customer relations.…