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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.…

Myanmar’s clothing industry is struggling to continue effective operations as the military coup which toppled the country’s former democratic government two years ago has continued to harm the country’s economy, especially those sectors heavily dependent on international trade.

Resulting protests have mutated into civil war, with this instability and economic dislocation causing many western apparel companies to quietly withdraw from the country or reduce orders and sales.…

As Haitian clothing and textile factories lose contracts and are forced to shut down amidst this Caribbean country’s ongoing lawlessness and political chaos, industry officials in Haiti say the only way they can save this important national manufacturing sector is through international intervention.…

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.…

Fresh food manufacturers worldwide are developing intelligent packaging that can help them reduce both food and plastic waste, responding to regulatory and consumer pressure to minimise their products’ environmental footprints.

Such bio-innovations may be of particular importance to European Union (EU) food manufacturing companies, given the EU is revising its packaging and packaging waste directive.…

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.…

EGYPTIAN businesses are struggling to import goods due to an ongoing shortage of US dollars, while the Egyptian pound has depreciated by over half in less than a year and inflation is in the double digits. Such issues, along with tough import requirements, has pushed businesses to resort to roundabout, sometimes illicit, means to stay afloat.…

Researchers at the University of Sherbrooke, in Québec, supported by CMC Microsystems, are helping build sensors to detect ‘dark matter’ – the unknown substance that scientists think makes up about 27% of the universe. That, combined with the equally undetectable dark energy (68% of the universe says physics research centre CERN), can be inferred by its gravitational pull on stars and planets.…