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While the torrent of international sanctions imposed on Russia following its invasion of Ukraine on February 24 have slowed, the breadth and complexity of these measures have continued to challenge compliance officials in banks and other financial services.

An American Bankers Association (ABA) paper released this month noted that the sanctions deluge had been “unprecedented in its speed, complexity, and global impact”.…

Russia’s invasion of Ukraine and the resulting unprecedented international sanctions has disrupted an ongoing shift in Russia’s finishing sector towards digital textile printing. “Digital textile technologies are something new both for the entire world and for Russia. But we have a special interest in them.…

Researchers have created an eco-friendly graphene-based nanofilter to remove dyes from textile wastewater, prompting scientists to claim another important industrial use for what has been called a ‘super material’. In the finishing segment, specialists have argued the filter could be a “game changer” for an industry facing increasing regulatory pressures and sustainability market demands.…

Growing environmental concerns and rising awareness of sustainable energy resources is driving considerable growth in the global used cooking oil (UCO) market. Production is also being boosted by recent technological advancements in UCO processing, expanding supplies from the rapidly evolving foodservice industry and initiatives by various governments to promote UCO for industrial use.…

Fighting money laundering is tough enough in peacetime, requiring the careful application of sophisticated and complex investigative techniques, so outbreaks of war can damage efforts to fight ML and terror financing. The chaos of war can also provide opportunities for financial crime and the laundering of its proceeds, including the evasion of sanctions.…

Cannabidiol oil, or CBD oil, has steadily become a more in demand commodity supplied by the bio-based oils and fats industry due to rising product usage in food, pharmaceuticals, supplements, nutraceuticals, lotions, shampoos, soaps, bath gels, massage oils and cosmetics.

Product developers stress how CBD products can provide consumers with relief for anxiety, depression and post-traumatic stress disorder.…

The International Sustainability Standards Board (ISSB) has released its strategy to create a “global baseline” of guidance on how companies and public organisations should make disclosures on their impact on the environment and society. It will try to release this core advice by the end of the year.…

Sophisticated technologies offer companies the chance to better fight fraud and corruption, even if such tech also aids criminals. The international Association of Certified Fraud Examiners (ACFE) discussed the latest trends at its annual conference in Nashville, USA, from June 20-22.…

Sharia-compliant financial technology (fintech) is poised for explosive growth across both Islamic and western jurisdictions. 

In part this reflects growth in Islamic finance: Refinitiv, an American-British global provider of financial market data owned by the London Stock Exchange (LSE), predicts the value of money transacted through the Islamic finance sector will reach USD4.9 trillion by 2025. …

International legal arbitration systems and judicial standards are emerging to help solve complex Islamic finance disputes, while national judicial and informal dispute resolution systems continue to develop – in civil and religious law institutions.

Informal dispute resolution processes can, of course, resolve disagreements without recourse to the payment of damage and potentially without damaging valuable reputations.…