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EUROPEAN oil and fats industry representatives are concerned and green groups angry that the European Commission is proposing to delay (1) implementation of the May 2023 European Union (EU) deforestation regulation (EUDR) (2) by a year. However, industry groups in Malaysia and Indonesia are hailing the delay as a sensible move, helping them prepare for the new regime.…

The Moroccan clothing and textile sector is promoting itself to European and north American buyers, as well as Chinese investors, as a near-sourcing hub, which guarantees sustainable and ethical practices in its production.

This is a key message from the Moroccan Association of Textile and Clothing Industries (AMITH – L’Association Marocaine des Industries de Textile et de l’Habillement), as it prepares for its next Maroc in Mode 2024 expo in Casablanca from November 7-9.…

Securely onboarding customers is a significant cost for financial institutions. Technology is viewed as a panacea, but processes are not as effective as they could be, in part due to the tech itself, but also regulatory issues, such as over data sharing.…

The European micro-states of Andorra and San Marino have signed an association agreement with the European Union (EU), which will more tightly integrate these small countries with the EU’s AML/CFT policies, programmes and legislation (1).

Both the Pyrenees principality (in 2011) and the Italian enclave republic (in 2012) had already struck monetary agreements with the EU, which allowed them to use the Euro and involved commitments to adopt “through direct transposition or possibly equivalent actions…implementing the EU legal acts [on] the prevention of money laundering” (2) (3). …

Taiwan’s sovereignty as the Republic of China may remain unrecognised by all but 12 countries (including the Vatican State) (1), but it is a full member of the Asia/Pacific Group on Money Laundering (APG) and has been making significant progress on AML/CFT.…

Taiwan’s major packaging and packaging machine industries – with more than 1,000 factories – have been prospering in through proactive service delivery. They have helped the country’s local and overseas packaging value chain in handling and using their goods and services, including eco-plastics.…

Profiling fraudsters can hone anti-fraud responses, helping investigators short-list likely suspects for detailed evaluation – and with profiling research and experience expanding, the effectiveness of such approaches is sharpening.

Forensic accountant and fraud examiner Dave Oswald, who runs Canadian anti-fraud consultancy Forensic Restitution (1), said: “Fraudster profiling can provide valuable insights into the minds of those who commit these crimes, helping law enforcement agencies and organizations to prevent, detect, and respond to fraudulent activity.”…

With the global commodities market valued at USD121.2 trillion in 2024 and expected to generate USD136.8 trillion in 2029 (1), the scope for fraudsters to make money from this sector is vast. German statistical service Statista notes that commodities sales have latent augmentation, given that it all includes emissions trading systems expanding worldwide, along with energy products, food and drink, precious and industrials metals and more.…

The advent of generative artificial intelligence (GenAI) digital tools that can create content including text, computer code, images, audio, sound, and video, in response to a user’s ‘prompt’ – usually a short written description of the desired output – has exposed new vulnerabilities for intellectual property (IP) protection.…

The Democratic Republic of Congo’s (DRC) ambitious plans to reform its universities and higher education system are progressing steadily, although faced with challenges. HE administrators and government officials are now working through the requirements of the new system having received a December 2022 decree establishing the grade designations of graduates for the new License-Master-Doctorate (LMD) system.…