Search Results for: Climate change
10 results out of 4041 results found for 'Climate change'.
CORRESPONDENT BANKING DE-RISKING NOT OVER – WITH INTERNATIONAL WATCHDOGS KEEPING CLOSE EYE ON PROBLEM
Derisking through the dismantling of correspondent banking relationships continues to be a problem, according to the latest data, prompting concerns that informal transaction networks may grow, whose AML checks may be less robust than those applied by traditional banks.
The European Union (EU) is concerned, with the European Banking Authority (EBA) in October 2019 issued a report on risks affecting the financial sector, with derisking one of its biggest concerns regarding money laundering.…
TOP 10 MONEY LAUNDERING CASES
- 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.…
AML/CFT HIGHER LEARNING AND TRAINING STILL DEVELOPING AND MERGING - INTERNATIONALLY ACCEPTED MODELS YET TO COALESCE
ANTI-money laundering maybe a career that financial and legal professionals increasingly follow, but the training and qualification structure for AML/CFT is still emerging and solidifying, and there are doubts whether it will ever coalesce into a formal global structure, akin to FATF recommendations.…
INDIAN COVID-19 LOCKDOWN HURTS MANUFACTURERS – BUT INTERNATIONAL BUYERS HAVE ALREADY DUMPED ORDERS, SAY FACTORY OWNERS
THE LOCKDOWN of three weeks ordered by the Indian government from Wednesday (March 25) to contain the spread of the coronavirus that causes Covid-19 has had a limited impact on apparel exporting units, say many Indian manufacturers, who have said production was already largely halted by a wave of cancellations in orders.…
GLOBAL ENERGY POLICIES TRANSFORM, ADOPTING SUSTAINABLE GOALS AS CLIMATE CHANGE CONCERNS GROW
SLOWLY, but steadily, the world’s energy policies are turning green, towards promoting a sustainable future, targeting an increasingly universal goal of achieving carbon neutrality by 2050. With evidence mounting not only that climate change is accelerating, but potentially wreaking serious damage on the world’s economies and peoples, the Paris Agreement goal of holding the rise in global temperatures to well below 2C trying to limit it to 1.5C is being reflected in the plans of governments, regional and international organisations.…
ECOMMERCE TOBACCO AND VAPE DELIVERIES INCREASE – BUT IS THERE AN ENVIRONMENTAL COST
Ecommerce is becoming an increasingly popular way to order tobacco-related products, especially e-cigarettes and vapes, but are such single-item shipments contributing to more carbon emissions and packaging waste than buying in-store or kiosk? E-commerce accounts for an increasingly large slice of the global retail market, growing 28% in 2017, 22.9% in 2018 and by 20.7% in 2019, to USD3.535 trillion, and forecast to reach USD4.2 trillion in 2020, according to eMarketer’s Global Ecommerce Forecast 2019.…
AI AML SYSTEM DEVELOPERS PUSHING TECH TOWARDS THE TRANSPARENCY REQUIRED BY REGULATORS
‘Explainability’ is becoming the watchword for AML solutions based on artificial intelligence (AI), with developers increasingly aware they must convince regulators their systems’ decisions are reliable and unbiased. The result has been manufacturer clams about the traceability of system decisions, according to a white paper produced in July last year by London, UK-based fin-tech industry network FinTech FinCrime Exchange and the London-based screening and compliance solution company Regulatory DataCorp Inc (RDC) – see https://rdc.com/wp-content/uploads/2019/07/AI-and-FinTech-FFE-RDC-Report.pdf.…
EXTENDED REALITY TECH OFFERS GREAT BENEFITS TO TEXTILE COMPANIES – BUT THEY MUST ADDRESS THE SECURITY VULNERABILITIES
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.…
LETTING THE NUMBERS TELL THE STORY: HARVARD’S JOE O’REGAN AND THE GLOBAL CHALLENGES OF ACCOUNTING IN HIGHER EDUCATION
Joe O’Regan is a busy man, and busier than ever because of Covid-19, the novel coronavirus that has upended global life on an unprecedented scale.
“These past few weeks have been a complete game changer for all of us,” says O’Regan, FCCA, the director of Harvard University’s Global Support Services (GSS), a relatively new organisation within the university that supports students, faculty, and staff overseas — from responding to overseas emergencies to repatriating university affiliates in times of crisis.…
YOUNG PAKISTAN MICROFINANCE BOSS IS PIONEER IN HELPING THE POOR INVEST THEMSELVES INTO SUSTAINABLE INCOMES
Kabeer Naqvi, CEO of U Microfinance Bank Ltd, one of Pakistan’s fastest growing businesses, is clearly a man in a hurry. His bank – branded U Bank – is digitising quickly as it grows its deposits and its important lending business, that is pulling many thousands of Pakistanis out of poverty and into lives of sustainably growing income.…