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The doomsayers who in 2022 predicted the collapse of cryptocurrency as a major payment instrument have been proved wrong, meaning that AML regulators and obliged entities will need to focus hard to fight the abuse of these digital payment systems by criminals.…

Ransomware site LockBit is claiming to be back in business less than a week after being brought down by an international swoop led by Britain’s National Crime Agency (NCA). Operation Cronos, which NCA director general, Graeme Biggar described as “a ground-breaking disruption of the world’s most harmful cybercrime group” in a February 20 statement (1), saw the US Federal Bureau of Investigation (FBI), law enforcement from eight other countries (2), plus the European Union police agency (Europol), seize Russia-linked LockBit’s bespoke data exfiltration tool, Stealbit, various leak sites, 34 servers, and 14,400 rogue email accounts as well as freeze over 200 cryptocurrency accounts.…

Production of ‘burel’, a traditional Portuguese wool fabric, which almost ceased in the last century, has been reborn as a natural and biodegradable material with unique functional characteristics for sports footwear.
 “We are currently rediscovering burel” and its “various applications” and “excellent features”, António Braz Costa, general director at the Portuguese Technological Centre for Textile and Clothing (Centro Tecnológico Têxtil e Vestuário – CITEVE) and the affiliated Centre for Nanotechnology and Smart Materials (Centro de Nanotecnologia e Materiais Técnicos, Funcionais e Inteligentes – CeNTI), told WTiN.…

Transparency International’s 2023 Corruption Perceptions Index (CPI) (1) released on Tuesday (January 30) has concluded 122 of 180 countries worldwide scored below 50 on perceived levels of public sector corruption from 0 (highly corrupt) to 100 (very clean). This number shows how “corruption levels remain stagnant globally” – as the same number was reported last year (2022).…

With online living increasingly prevalent, data is becoming more valuable and hence criminals are developing new tactics to steal these digital assets. Anti-fraud organisations, consultants and vendors are trying to monitor these innovations, to help law enforcement, government and business respond, but their protections often remain too weak.…

Practical programmes and strategies that enable universities and colleges to drive forward sustainable practices and knowledge to fight and manage climate change are increasingly needed, a UNESCO-sponsored workshop heard this week in Dubai.

Staged on Wednesday (December 6) as the United Arab Emirates hosts the COP28 conference of the United Nations Framework Convention on Climate Change (UNFCCC) this month, HE experts stressed such work needs to extend to less economically developed countries.…

Demands on flexible packaging designers to help products stand out on shelves while ensuring maximum protection for products and sustainable environmental credentials are a tough mix of requirements for packaging makers – but they are succeeding in delivering these goals.

There are many choices for innovators in the sector.…

Implementing international sanctions is never easy, but the sanctions regime on Iran is highly complex, buffeted by shifting diplomatic stances. With its Security Council ally Russia relying on Iranian military and technology supplies for it to pursue its invasion of Ukraine, time-limited UN restrictions on Iran’s nuclear programme officially lapsed on October 18.…

The risks of money laundering and terrorist financing (ML/TF) are increasing globally, according to the 2023 edition of the Basel AML Index (1), mainly through a “concerning” drop in the effectiveness of AML/CFT systems, indicated by Basel Institute on Governance analysis of Financial Action Task Force (FATF) data.…

Speakers at the Textile & Fashion Forum Helsinki 2023 have stressed the need to transform the textile sector from linear to circular economy principles, to achieve robust sustainable practices across the industry.

Leading textile and fashion professionals and experts stressed the need for green innovation at a two-day forum organised by Finland’s clothing and textile industry association Finnish Textile & Fashion and European industry organisation Euratex.…