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As Pope Francis continues his moves to reform the financial controls of the Vatican City State and The Holy See (VCS/HS), including its AML/CFT systems, the uneven progress within this tiny state with a global reach to fighting corruption and money laundering is illustrated by an ongoing major financial crime trial.…

Popular culture has long considered Monaco the perfect ‘sunny place for shady people’, as per the Lawrence Rothman song, and judging by the latest Moneyval assessment of this Mediterranean principality, this characterisation holds some truth regarding AML/CFT.

The European FATF-style body said in a report issued in January (2023) that Monaco’s AML/CFT effectiveness was low on supervision, investigation and prosecution.…

After weathering a Covid-impacted 2021, Vietnam’s apparel and footwear sectors rebounded in 2022, along with the rest of the economy, and while they are looking forward to medium-term expansion, 2023 could be a rocky ride.
Exports of footwear in the first half of 2022, for example, rose 13% by value compared to the same period in 2021, according to data released by the Vietnam News Agency (VNA) the state-run news agency (1).…

At the end of 2022, the Chinese garment industry found itself in a conflicting situation: on one hand, the abrupt abandonment of strict Covid-control measures in December fuelled hopes that Chinese consumer demand will grow steadily. But on the other hand, many factories preponed and extended the Chinese New Year holiday to shield their owners’ financial standing from the risk that manufacturing capacity would remain underutilised.…

From tackling the garment industry’s waste challenges, to proving a product’s provenance and providing infinite creative opportunities for designers, ‘digital twins’ – a digital reproduction of real-life clothing or accessories – are already providing significant benefits.

Lui Iarocheski, VP of marketing and new ventures at PlatformE – a Porto, Portugal-based fashion tech company offering mass customisation at scale for fashion brands told Just Style: “The beauty of a digital twin is that it carries rich data.…

As competition in the global beverage market increases, manufacturers are looking to labelling as a key to grow brands through ‘premiumisation’, emphasising its superior quality, exclusivity and sustainability to consumers.

“Customers are looking for premiumisation of their beverage labelling in terms of embellishment, foiling, tactile finishes, but coupled with a sustainable twist,” said Ben Robinson, sales director at Bradford, UK-based The Label Makers, a company that produces labels for premium brands such as Trinidad & Tobago-manufactured Kraken Rum.…

Transparency International warned that “conflict creates opportunities for corruption and subverts governments’ efforts to stop it” in unveiling the 2022 Corruption Perceptions Index (CPI) on January 31, scoring 180 countries worldwide on perceived levels of public sector corruption from 0 (highly corrupt) to 100 (very clean).…

Transparency International (TI) has warned that “conflict creates opportunities for corruption and subverts governments’ efforts to stop it” when unveiling its 2022 Corruption Perceptions Index (CPI) on January 31, scoring 180 countries worldwide on perceived levels of public sector corruption from 0 (highly corrupt) to 100 (very clean) with the average 43.…

Caribbean island states are looking to harness their natural advantage in bounteous sunlight to expand solar power, boosting their energy independence, while reducing the cost of energy as gas and oil prices rise. Even in oil and gas-rich Trinidad & Tobago, consumers have been feeling the energy pinch, facing increases in their electricity bills in 2023.…

Brazil’s economy has been either contracting or sluggish for the last decade, but the country’s strong dairy sector hopes this year could be different. With a new President in charge of the most populous South American nation since January 1, business leaders say exports could revive the industry, even if the local market continues to be in poor shape.…