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India’s textile sector is working with the country’s strong IT industry and professionals to deliver monitoring and labelling systems that comply with forthcoming digital product passport (DPP) requirements being pioneered especially in the European Union (EU). Its executive, the EU, released plans last March (2022), to pass rules that would insist that products, including textile lines, are released with detailed electronic information demonstrating that their materials sourcing and final manufacture are sustainable.…

While some commentators say the textile and clothing industry’s automation level remains low with investment being too sluggish and unambitious, others predict a bright future where robots and humans collaborate in sustainable customised design and manufacturing. 

The clothing segment of the sector has, of course, been historically labour-intensive – with associated high costs – with manufacturers hesitant to adopt greater automation, given the availability of low-cost labour in cheap outsourcing centres.  …

Factory digitisation, including the emergence of Internet of Things (IoT) technology, has increased big data availability by “at least two orders of magnitude from what was available a couple of decades ago,” said UK-based AI-driven predictive maintenance software provider Senseye chief technology officer and co-founder Robert Russell.…

The paint markets of the Gulf region’s two largest economies, Saudi Arabia and the United Arab Emirates (UAE), have rebounded since the Covid-19 pandemic and are slated for growth, driven by major investments in real estate and infrastructure projects.

“Over the past 18 months, we have seen a flat and slightly declining paint markets in the region.…

The European Union (EU) is edging towards a digital Euro, one of several jurisdictions worldwide developing a central bank digital currency (CBDC), but what anti-money laundering controls would need to be built into the system and how can this be balanced with data protection and privacy considerations?…

Given the constant expansion and tightening of sanctions against Russian individuals and organisations since Russia invaded Ukraine last February 24, it is no surprise that Russians have developed innovative ways to evade these sanctions. Sanction Scanner, a UK-based screening and transaction monitoring service provider highlighted how Russians have been utilising peer-to-peer exchanges of digital currencies to help conceal the beneficial owner of crypto.…

The newest data released by the German Paint and Printing Ink Association (VdL) shows the fortunes of the German coatings sector were, in 2021, closely tied to the Covid-19 pandemic and increasing price of raw materials globally – causing weak short-term growth and an anticipated contraction in 2023.…

How should anti-money laundering (AML) officers prepare for a visit by a regulator, be it a scheduled inspection, or the worst-case scenario – an unexpected dawn raid? Experts say institutions need to always be prepared for checks by regulators.

However, this is not simple given a visit to assess an obliged entity’s internal controls’ ability to effectively monitor and manage compliance with national and regional AML policies and procedures can be rare.…

A planned expansion of USA anti-money laundering (AML) laws to cover so-called ‘gate-keeper professions’ including company service providers and lawyers, has been halted by the US Senate, which refused to write the law into the 2023 annual defence appropriations law.

This was the method by which the major Anti-Money Laundering Act (AMLA) was passed in 2020.…

The battle between an invading Russia and Ukraine’s defenders has not just been conducted with military force – by January 23 killing 7,068 civilians, said the UN, but also in cyberspace. While lacking the sophistication of attacks carried out by Chinese threat actors, Russian cybercriminals are increasingly probing Ukrainian companies critical to the institutional stability and defence of the country, primarily active in Ukrainian cyberspace for data collection purposes, according to the Carnegie Endowment for International Peace (1): “Intelligence collection… has been the main focus of Russia’s wartime cyber operations in Ukraine”.…