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WITH around USD400 billion spent annually on AML compliance and government efforts to curb financial crime according to LexisNexis, AML experts are increasingly calling for more of this money to be spent on in depth and undercover investigations to follow money trails, delivering convictions and dirty money seizures.…

The European Association of Sugar Manufacturers (CEFS) has attacked the UK government for extending until December 2024 an import quota of 260,000 tonnes for raw sugar, claiming this could disrupt the European sugar industry and market. “The UK’s approach is alarming, since it undermines existing concessions offered to sugar producers around the world,” said CEFS, notably European Union producers and those from African, Caribbean and Pacific (ACP) countries who usually have some special access to EU markets (and formerly UK markets prior to Brexit).…

The first chair of the International Sustainability Standards Board (ISSB) has said a key goal of the creation of global sustainability standards in financial reporting will be fighting greenwashing, where companies make false claims about the environmental benefits delivered by their products and services.…

Major garment labels, technology innovators, environmental research companies and textile manufacturers are working hard worldwide to deliver sustainable solutions for cotton textile pre-treatment. Reducing levels of chemicals in wastewater, significantly decreasing the total amount of water used in processing in the first place and cutting energy use by as much as 75% are some of the benefits these new techniques are delivering to finishers.…

It would be surprising if as complex an intergovernmental programme as AML/CFT did not spark unintended consequences, but some AML/CFT experts fear that the global system designed and promoted by FATF has caused unwanted and damaging actions that cut across its stated goal – to fight and prevent money laundering.…

Chinese finishers are increasingly recognising the ability of digital textile printing to offer outsourcing manufacturing hubs increased flexibility and production quality. Last October (2021), Guangzhou-based startup Youbu Information Technology Co announced it collected “tens of millions of RMB” – Chinese Yuan Renminbi (USD1 buys CNY6.35) from angel investors to transform China’s clothing supply chain with digital printing.…

THE PERU clothing industry has backed moved by the country’s left-wing government to impose temporary safeguard duties on imports of clothing into this south American country that is a hub for wool production, especially using alpaca fibre.  

The World Trade Organisation (WTO) has reported that Peru has launched an inquiry into what is considers a glut of imports that is undermining the commercial health of Peruvian clothing and textile manufacturers.…

India’s 1.3 billion population with an average age of 29, has been witnessing steady growth in meat consumption. According to an OECD report, India consumed six million tonnes of meat in 2020 (4.6kg per person). Nearly half the population now consumes non-vegetarian meals once a week in India.…

The International Labour Organisation (ILO) has signed a memorandum of understanding (MoU) with the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) to cooperate on boosting the occupational health and safety of workers in the country’s knitwear factories. The work will focus on the 50 member factories of the BKMEA in this globally important knitwear hub.…

Chinese e-cigarette companies have long enjoyed a close to regulation-free environment, able to sell products freely, but that is about to change. On November 26, China’s highest government body, the State Council, announced that in future “novel types of tobacco products, including e-cigarettes, must comply with the tobacco monopoly law”.…