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BETTER CYBERSECURITY NEEDED IN THE DIGITAL FASHION SUPPLY CHAIN
Cybersecurity experts are warning that the clothing and textile sector is putting itself at risk from hacking and virus attacks by failing to sufficiently appreciate that they are potential targets of online criminals.
“Hackers select targets based on their financial capability.…
AML TECH BRANCHES OUT WITH AI, WITH MARKET BOOMING AND DIVERSIFYING
As tech evolves, notably through the development of artificial intelligence (AI), anti-money laundering (AML) compliance officers at obliged entities are assessing a growing range of applications and platforms.
The global AML software market size is estimated to grow by USD2.7 billion from 2022 to 2027 at a compound annual growth rate (CAGR) of 15.01%, although “the high cost of implementation may impede” this expansion, according to the Illinois, USA-based market researcher Technavio.…
HIGH-END FASHION HAVING FUN WITH SLIVER KNIT – A FABRIC WHICH FIRST ENJOYED A REVIVAL AS FAKE FUR
Applications of sliver knit fabric are diversifying from the traditional use as a warm yet lightweight lining for mass-produced outerwear and boots, as well as faux fur, with European fashion houses increasingly deploying the textile as an exclusive material.
Made with special circular knitting machines, sliver knit is a process by which continuous ‘tubes’ (slivers) of fibre – natural, synthetic or a mix – are knitted into a backing with the free ends extending out on one side to form a soft pile.…
INNOVATIVE GRAPHENE INK PROPERTIES EXPANDED BY RESEARCHERS AND FINISHERS
Increasing numbers of companies are seeking to protect intellectual property (IP) rights for smart textile products based on graphene ink technology, lawyers have told WTiN’s smart textiles channel.
Moreover, they said that researchers and manufacturers looking at entering this segment “haven’t missed the bandwagon”: “It’s just getting going – plenty more innovation and inventions to be done”, said Matthew Smith, a patent attorney from London, UK-based IP legal firm Mewburn Ellis.…
ETHICS PAY OFF IN FRAUD INTERROGATIONS SAY INTRERNATIONAL INVESTIGATION EXPERTS
While most corporations and public bodies would like to see fraud and corruption eradicated from their organisations, professional anti-fraud investigators think that using unethical methods to achieve this goal is counterproductive and ineffective.
Ethical and empathetic inquiries are just more productive than aggressive investigations and this approach needs to be reflected in the interview room when a suspect is being questioned, said
Don Rabon, CFE, North Carolina, USA-based president of the Successful Interviewing Techniques consultancy, agreed: “Conducting an interview in an ethical manner has to be job one – win, lose or draw.”…
HUGE AND GROWING MARKET FOR WELLNESS-FOCUSED APPAREL PROMPTS FABRIC INNOVATION
THE COVID-19 pandemic brought many changes to the world, and changes in fashion that incorporated a desire to enjoy a healthy lifestyle was one. With many consumers spending more time at home, including during working hours, demand for comfortable clothes with functionality to aid indoor and outdoor exercise has boomed.…
ANTIMICROBIAL TEXTILES FOR PERFORMANCE CLOTHES BOOST THEIR SUSTAINABILITY
Textile manufacturers and researchers have been relentlessly developing new antimicrobial solutions for performance and protective clothing, especially focusing on sustainability.
The global antimicrobial textile market, which also includes antibacterial, antifungal and antiviral products, was valued at USD10.8 billion in 2020, expected to reach USD14.7 billion in 2027, according to India-based market researcher Qualiket Research (1). …
DUTCH UNIVERSITIES APPROVE NEW PUSH TO REGULATE INTERNATIONAL STUDENT ENTRY IN THE NETHERLANDS
The Netherlands’ minister of education, culture and science Robbert Dijkgraaf’s call to let universities limit international student numbers if necessary has been welcomed by Dutch university leaders.
Mr Dijkgraaf made several proposals in an April 21 ‘letter to Parliament on internationalisation in higher education’ to the Dutch house of representatives (lower house of Parliament – Tweede Kamer).…
G7 PLEDGES MORE SANCTIONS ON RUSSIA, CIRCUMVENTION CONTROLS AND DIRECT AND INDIRECT ASSET SEIZURES
The G7 group of industrialised nations has promised to ramp up sanctions against Russia over its invasion of Ukraine, including additional efforts to prevent circumvention.
Following a summit in Hiroshima, Japan, the group warned G7 members increase engagement with “third countries through which restricted G7 goods, services, or technology may be provided to Russia…”
It called on “third parties to immediately cease providing material support to Russia’s aggression or face severe costs”.…
RUSSIA INVASION PUSHES COUNTER PROLIFERATION FINANCE (CFP) INTO MAINSTREAM OF AML/CFT CONTROLS
Counter Proliferation Financing (CPF) is becoming an increasingly important third goal of international policies and programmes designed to attack and reduce illicit financial movements. With concerns about the development of nuclear weapons by sanctioned regimes in North Korea and Iran growing, governments have been focusing on how to implement Financial Action Task Force (FATF) guidance on CPF, which has been deepening since the global anti-money laundering and terror finance body in 2020 amended FATF Recommendation 1 and its Interpretive Note to require countries and entities to identify, assess, understand and mitigate their PF risks.…