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INTRODUCTION 

The connection of information and operational technology through smart factories makes for undeniable improvements in manufacturing efficiencies, in output and cost. But all new technologies spark fresh vulnerabilities for attacks by criminals. Given the latent strength of smart factories is in connectivity, cyber-attacks are their most important illicit threat.…

With the Islamic finance sector growing fast – with global turnover valued at USD2.2 trillion, according to S&P Global Ratings’ Islamic Finance Outlook 2022 Edition, with a projected 12% growth between 2021 and 2022 – demand for higher education courses on the topic are growing fast.…

Streaming services that deliver online content, including gaming, videos and music, have opened new avenues for money launderers, including the ability of fraudsters to commit predicate offences, whose proceeds are hidden and moved.

The problem is exacerbated by the growing popularity of streaming – according to US-based Grand View Research, the global video streaming market alone was worth USD50.11 billion in 2020, projected to grow at a compound annual growth rate (CAGR) of 21% from 2021 to 2028.…

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.…

The Covid-19 crisis has not stopped the dynamism of the drinks can market in France – where six billion cans are produced every year, indeed it seems to have strengthened sales. More than two drinks out of 10 – 22.3% – sold in French shops in 2021 were in cans, according to France’s drinks can industry association, La Boîte Boisson.…

Renewable energy systems are growing fast in scale and diversity worldwide. But as with any innovative technology, commercial criminals seek to exploit new online vulnerabilities. Keith Nuthall and Sarah Gibbons report.

Cybercrime attacks on energy systems can be high profile – witness the American Colonial Pipeline energy company ransomware attack, when the company paid out USD4.4 million to hackers.   …

INTRODUCTION 

Regulation, certification and liability have long been critical issues managed by textile executives, with consumer protection, industrial standardisation and chemical environmental health rules posing significant challenges to any professional fabric company. However, the advent of smart textiles has made such regulatory and legal considerations more complex, because of their integration of electronics and internet communications, which can bring such products under additional health and safety rules, along with privacy and cyber-crime statutes.…

The invasion of Ukraine by Russia risks undermining AML/CFT, said FATF in its post-plenary communiqué issued in March. (1) But how this unprovoked military action will disrupt the policing and detection of dirty money remains to be seen, noted Carol Van Cleef, chair of the blockchain and digital assets practice, at Bradley Arant Boult Cummings, Washington DC.…

The Russian government, business and wealthy oligarchs have been hit by more European Union (EU) and UK sanctions as their military continues to invade Ukraine – the UN confirming 474 civilian deaths by today (March 10) and Ukraine’s government saying more than 10,000 Russian troops have been killed.…