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THE MYANMAR clothing industry is struggling to operate effectively as political unrest continues following the seizure of power by the country’s military on February 1.

Garment manufacturers, most of whom have been located in the country’s commercial capital Yangon, had been a major employer and a significant source of foreign currency for Myanmar.…

THE WIDE diversity of AML laws worldwide can complicate the enforcement of AML/CFT extradition proceedings.

Financial Action Task Force (FATF) recommendations 37 and 39 say that governments should be prepared to extradite money launderers (and terrorist financiers) to another country if they both criminalise the underlying predicate offence.…

Demand for knitting machines in China has been recovering remarkably fast from the Covid-19 crisis, with Chinese textile factory owners growing bolder in investment decisions, and exports to south Asia growing too.

Chinese knitting machine-makers Suzhou ReHow Machinery Manufacturing and Fujian Taifan Industrial, which supply mainly T-shirt fabrics single jersey circular knitting machines, saw their sales dip in 2020 but not to a dramatically low level.…

THE MYANMAR clothing industry is struggling to operate effectively as political unrest continues following the seizure of power by the country’s military on February 1.

Garment manufacturers, most of whom have been located in the country’s commercial capital Yangon, had been a major employer and a significant source of foreign currency for Myanmar.…

As the Turkish garment sector rebounds from the drop in sales last year due to the Covid-19 pandemic, the industry is looking to tap growing demand from European retailers – and consumers – for garments made closer to home, benefiting from its advantage of being the main near-shore supplier for Europe.…

The UK’s Crown Prosecution Service (CPS) has unveiled plans to combat economic crimes, which affects 800,000 victims annually, through a new CPS Economic Crime Strategy 2025. Its five sections include a personnel policy called ‘Our People’ where the CPS aims to ensure staff “have the skills and tools” to prosecute complex economic crime cases, including fraud and corruption.…

Two cargo vessels in Norway are being built to pioneer the use of hydrogen fuel cells to power engines as the international shipping industry starts to take measures to reduce its carbon footprint.

A consortium in southwest Norway is tapping a combination of European Union (EU) and government funds to design and build two vessels in what has been given the concept name of the Topeka project.…

Covid-19 has reshaped commercial crime, and one lucrative offence taking a real turn for the worse is tobacco smuggling and counterfeiting. Keith Nuthall reports.

The Covid-19 pandemic has depressed incomes worldwide and forced lower income smokers to look for cheap smokes, which has included counterfeits or smuggled goods.…

The IFRS Foundation trustees have moved forward with their plan to develop global sustainability reporting standards, forming a working group to undertake technical work. It has been charged with focusing on enterprise value issues regarding sustainability assessments. It will also plan a potential international sustainability reporting standards board under IFRS Foundation governance.…

The coatings sector is increasingly paying attention to the needs of the textile industry, with its products being used in innovative ways to adapt the surfaces of fabrics to new technical requirements and changes in consumer preferences.

It is an innovative field and information on recent research and development was highlighted last month at a World Congress on Textile Coating (WCTC), held virtually between February 11-12 and 18-19 with dozens of presenters.…