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The costs of investigating fraud have increased over the past three years, according to 79% of respondents to a global survey, with 26% overall and 49% of companies with a turnover of more than USD15 billion seeing this increase as significant, said risk assessment specialists Kroll.…

Sri Lanka’s clothing export sector is facing economic and political chaos in its island country as its President Gotabaya Rajapaksa imposed a state of emergency on Friday (April 6) amidst spiralling protests and foreign currency reserves collapsing to below USD50 million.…

With financial fraud booming, the market for forensic accounting – uncovering financial crime through the study of accounting data, bank records and associated company data – is also growing fast.

A report from US and UK-based Market Research Future (MRFR) issued last October (2021) predicted that the global forensic accounting market would be worth annual receipts of USD8.85 billion by 2025, growing at a compound annual growth rate (CAGR) of 8.2%.…

The European Parliament has approved scrapping food and drink duties on imports into the European Union (EU) from Ukraine to support its economy as the country battles for independence against the continuing Russian invasion. With 3,811 civilians confirmed killed in the three-month-long attack by May 19, according to UN figures, the EU has ramped up its support for Ukraine.…

After a strategic review of the work of the Financial Action Task Force (FATF), beginning in June 2019, AML/CFT observers were wondering if major change would follow when member states concluded how they would respond following the body’s April (2022) ministerial meeting.…

 Chinese consumers are displaying an increasingly keen interest in sustainable fashion, being aware from personal experience that pollution can have a disastrous impact not only on the overall environment but also on their health. A Chinese University of Hong Kong report in 2018, for instance, concluded air pollution caused an average 1.1 million premature deaths in China.…

The Covid-19 pandemic has been a disruptive force across the clothing and textile industry, and it has affected consumer taste as well as shaking up supply chains, notably in home textiles, which are increasingly finished by digital printing.

With changes in demand proving very fluid because of lockdown lives lived at home, and an increase in underlying personal stress, digital printing designs have sought to tap a need for feelings of wellness and calm.…

INTRODUCTION

In the competitive and innovative world of smart textile manufacturing and sale, companies strive to maximise functionality and minimise costs. Their ingenuity is the basis of their competitiveness. But as with all industries, some costs are out of their control.…

Russia’s invasion of Ukraine has disrupted energy supplies and raised concerns about the future availability of oil and gas, inflating these commodity prices and hence energy prices, increasing textile and apparel processing costs worldwide. On December 21, as Russia was preparing to send its military into Ukraine-government controlled territory (February 24), Brent crude was selling for USD71.57 a barrel.…

The Australian coating and paint market withstood the Covid-19 pandemic downturn comparatively well, despite prolonged lockdowns of major cities, with industrial paint sales and private renovation projects boosting the market. Across the Tasman Sea, New Zealand’s even stricter Covid-19 lockdown regulations have hampered growth, however companies have used downtime to innovate.…