Search Results for: International law

While the reluctance of many companies to report fraud to law enforcement is well documented, it would be a useful deterrence if those cases that made it to court generated tough enough penalties to scare some scammers from scamming.

Alas, this is not often or even usually the case.…

A new European Union (EU) Commissioner for agriculture and food has been told to draft an EU Vision for Agriculture and Food within 100 days of taking office, expected on December 1. Luxembourger Christophe Hansen takes on this key role in the second European Commission of president Ursula von der Leyen, which will work until 2029.…

PAYMENT SCENARIOS

Looking beyond their core function of managed file transfers (MFT), the potential for eBLs in trade finance is profound. eBLs can simplify payment processes for shippers, consignees and banks. Through third party validation and integration with digital tools such as smart contracts, transactions can be executed simultaneously, upon fulfilment of stipulated conditions, bypassing escrow services.…

Brazil, the world’s fifth largest country by size, with 60% of the planet’s rainforest, is investing in research to become an important bioplastics player, using its abundant natural resources. However, legislative obstacles are hindering its progress.

And there is plenty of room for improvement.…

Greece’s higher education sector is on the brink of a major transformation, with Cyprus’ University of Nicosia (UNIC) pushing to establish the country’s first private university – a UNIC Medical School in Athens, and at least other 25 globally-recognised universities prepare to offer graduate and postgraduate degrees in Greece.…

Niger’s military government is insisting it has maintained higher education services despite international sanctions imposed on the west African country since the coup d’état of last July (2023). This has ruptured relations with western and some neighbouring countries, prompting concerns that Nigerien students might struggle to continue their studies abroad.…

Despite mainland China tightly restricting buying, selling, mining and holding of crypto-currency in 2021 (1), private holdings and peer-to-peer transactions remain legal and so the country remains a major crypto centre – and hence a virtual currency ML risk. Its largest autonomous special administrative region (SAR) Hong Kong is also pushing ahead with a fully legal and regulated crypto sector, with AML/CFT controls being rolled out.…

Lying on CVs, fraudulent qualifications, ‘polygamous’ home-based working with unauthorised sidelines, and insider threats to companies from such hiring fraudsters, are occurring more frequently in job applications. In countries that suffered higher inflation post-Covid 19, the resulting ‘cost of living’ crisis is considered a motivator such sharp practices, while qualification fraud is being enabled by the relative ease of digitally altering confirmation documents, compared to hard copy originals.…

As the world’s employment markets are shifting towards jobs that promote sustainability, prompted by concerns about limiting potential runaway climate change, higher education institutions are being encouraged to integrate green skills into curricula.
With major corporations within the European Union (EU) already required to submit sustainability reports on their exposure to and their impact on climate change and sustainability, and other jurisdictions to follow suit, demand for so-called ‘green jobs’ is rising.…

The first FATF plenary under the presidency of Mexico’s Elisa de Anda Madrazo has launched the AML body’s fifth mutual evaluation round, while taking initial steps towards boosting inclusivity. For the first time, two external jurisdictions – Cayman Islands and Senegal – were invited to participate in the FATF plenary and working groups as guests, to “broaden the diversity of perspectives at the FATF,” said a post-meeting communiqué.…