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AML/CFT experts continue to assess the increasing potential of artificial intelligence (AI) and machine learning (ML) to scrutinise the mass of data screened by AML obliged organisations, such as banks, financial institutions and casinos, boosting effectiveness – a key goal of FATF.   …

The Bangladesh knitwear industry is looking to boost its exports of sweaters, competing with Chinese suppliers hampered by their government’s continuing tough lockdown responses to further outbreaks of Covid-19. Meanwhile, US tariffs imposed during the trade war launched by former American President Donald Trump persist, giving Bangladesh sweater exporters a continuing price advantage, augmenting its lower labour costs.…

Since the Taliban’s takeover last August (2021), Afghanistan’s AML/CFT regime has effectively been put on pause, while the country’s money laundering and terrorist financing risks mount amid international isolation.

The website of Afghanistan’s financial intelligence unit (FIU) is no longer active online.…

Pakistan textile and clothing industry has witnessed many advances and retreats during the last 10 years. With the country operating a less draconian set of lockdowns than neighbouring countries in south Asia, it has leveraged recent investment by increasing clothing and textile exports.…

Its launch may be more than a decade late, but the European Union’s (EU) first European Pressurised water Reactor (EPR) has finally started producing electricity for the Finnish national grid. Its strategic importance to Finland, as the country is preparing for NATO membership following Russia’s invasion of Ukraine is hard to overstate.…

RUSSIA’s invasion of Ukraine will damage European Union (EU)-Russia trade in clothing including knitwear, but Russia will continue to make woolen clothes, say experts. Meanwhile, the war launched by Russian President Vladimir Putin is devastating Ukraine’s knitwear production and retail sector.…

The international steel sector is working to reduce its climate change impact through closer links to the renewable energy sector, along with steel making innovation and more recycling.  

This industry is responsible for between 7% and 9% of human-generated carbon dioxide, according to the World Steel Institute.…

The European Chief Prosecutor Laura Kövesi has called for the European Public Prosecutor’s Office (EPPO) to be strengthened with rule changes to make it more independent and effective. Presenting the EPPO’s annual report for 2021 to a joint meeting of the European Parliament’s committees on civil liberties, justice and home affairs and on budgetary control April 20, Kövesi argued for “radical simplification” of the founding EPPO regulation (1) and a shift of competence and budget to the central office in Luxembourg to guarantee the independence of delegated prosecutors in the 22 EPPO countries (2).…

Finishers are innovating to overcome the past weaknesses of natural and organic dyes such as low yields when extracting dyes from sources such as vegetation, insects or molluscs, inferior wash performance and weaker fastness in general, compared with synthetic dyes. 

A key focus of progress has been the improved use of mordants fixing natural dye stuff onto yarns and fabrics.…

RUSSIA’S invasion of Ukraine has prompted a major increase in sugar prices, the UN Food & Agriculture Organisation (FAO) has said. Its FAO Sugar Price Index averaged 117.9 points in March, up 7.4 points (6.7%) from February, and up 20% year-on-year.…