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WITH inflexible rules-based transaction monitoring systems built from a range of legacy systems still dominating the anti-money laundering (AML) landscape, excessive numbers of false positives are causing “mayhem” in the financial services sector, Luca Primerano, now chief AI officer at AML solutions provider Fortytwo Data in London, has claimed.…

WHEN President Donald Trump said in June 2017 that he was pulling the United States out of the Paris climate accord, it looked like the kiss of death for the global Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) agreed the previous October at an International Civil Aviation Organisation (ICAO) meeting, in Montreal.…

BEAUTY product labelling and decoration might not be the most obvious way for a brand to boost sustainability, but such is the pressure to green-up, such considerations are being woven into product appearance.

Edinburgh, Scotland-based UWI Technology Ltd is a case in point.…

The Indian beauty and personal care industry is expected to grow at an average annual rate of 5.6% until 2022, according to research conducted by market analysis company Euromonitor International, down from the 9.1% year-on-year growth to USD14 billion that the sector reported in 2017.…

INDIA’S paint industry has been exempted from a mandatory biocide registration requirement under the national Insecticides Act (1968) if the biocides are used as a dry film preservative. However, new guidelines issued by Central Insecticide Board and Registration Committee (CIBRC) in June have told the Indian paint industry that they must use registered biocide products at recommended dosages, or protective labelling rules will kick in.…

LARGE motorway service areas have become a recent feature of the Irish landscape, with plaza-type facilities incorporating fuel, food and grocery retailers under one roof.  However, the key players in the forecourt market, which is increasingly held by Irish firms Maxol and Applegreen, along with Canadian newcomer Couche-Tard – are now racing to reposition themselves given the Irish government plans by 2030 to end sales of petrol and diesel vehicles.…

Japan’s personal care sector experienced continued growth in 2017, with shipments surpassing Japanese Yen JPY1.6 trillion (USD14.34 billion) during the year to record a new record high. Virtually every sector recording an increase in sales on the previous year. Figures for the January-April period of 2018 suggest that this positivity is being carried over into this year, boding well for Japanese personal care product companies.…

ENDING UP an entrepreneur was perhaps Arif Al Islam’s “Plan B”, but the Association of Chartered Certified Accountants (ACCA)-qualified financial professional has more than proved his business smarts.

“I had to build the company from a scratch,” says Mr Islam, who is now managing director and chief executive officer of Dhaka-based fibre optics major Summit Communications Ltd.…

An amendment to a UK Sanctions and Anti-Money Laundering Bill requires the British government to impose such registers on its OTs by this deadline, if the local administrations have not created their own. The UK currently has the world’s only public beneficial ownership register – but it only covers England, Scotland, Wales and Northern Ireland – see http://ownershiptransparency.com/…

PLAIN packaging rules, or approximations, are growing around the world, but the tobacco sector still argues that these controls are over-reaches that do not reduce smoking and instead encourage counterfeiting and smuggling.

Since January 2017, French smokers have been buying non-branded packs of cigarettes, seeing only a warning picture with text about how tobacco consumption affects people’s health, along with the name of the manufacturer in a simple typeface.…