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As the world moves on from the Covid-19 pandemic, the shift to living and working more online is proving permanent, bringing a sustained greater risk of cybercrime, not least ransomware attacks. The risk has been recognised by the US Securities & Exchange Commission (SEC) on March 9 proposing mandatory cybersecurity disclosure for public companies, with standardised cybersecurity risk management, strategy, governance, and incident reporting. …

A lack of renewable energy industry cybersecurity standards has seen green power producers “fly under the radar of regulation” when developing their systems and technologies, a senior US cyber-security consultant, and other industry experts, are warning. Peter Lund, CTO of Industrial Defender, a cybersecurity solutions provider for major utility and energy companies based in Massachusetts, USA, said these failings need addressing to avoid catastrophic outages, increased consumer costs or even crippled economies, as renewable energy becomes ever more important in power generation mixes.…

The UK is a global money laundering hub with inadequate enforcement and a “deeply flawed” compliance system, allowing British businesses to act as a ‘laundromat’ for suspicious wealth from Russia and other former Soviet Republics, according to the latest report from Transparency International UK (TI-UK).…

WITH around USD400 billion spent annually on AML compliance and government efforts to curb financial crime according to LexisNexis, AML experts are increasingly calling for more of this money to be spent on in depth and undercover investigations to follow money trails, delivering convictions and dirty money seizures.…

It would be surprising if as complex an intergovernmental programme as AML/CFT did not spark unintended consequences, but some AML/CFT experts fear that the global system designed and promoted by FATF has caused unwanted and damaging actions that cut across its stated goal – to fight and prevent money laundering.…

A specialist fraud squad for Britain’s HM Revenue and Customs (HMRC) has seized crime-tainted assets and money worth more than GBP1 billion (USD1.35 billion) since it was formed of five years ago, the organisation has revealed (1).

HMRC’s Fraud Investigation Service (FIS) utilises both criminal and civil enforcement powers to pursue suspected proceeds of crime.…

Businesses and government agencies continue to face a barrage of attacks from cyber-criminals, which have continued unabated in the past year, keeping up the pressure of frauds and hacks that have increased since Covid-19 spread worldwide in March 2020.

Organisations around the world faced more cyberattacks than ever before in 2021, say some data collectors.…

INTRODUCTION

The growth in digital textile printing across the Americas has created a surge in demand for a wide range of digital inks, which is spreading into Latin America as well as north America. The adaptability and broad uses of digital inks, for garments, household products, technical textiles, and more, fits the diversity of the textile sector in the Americas, which spans higher wage industries such as US textile production to lower cost manufacture in central America.…

London-based Haloodies (https://haloodies.com/), which claims to be “one of the UK’s most trusted suppliers of Halal meats”, has fought against challenges posted by the Covid-19 outbreak and Brexit though expanding its online sales and reshoring production to Britain. Now, its co-founder and CEO says the company is ready to tap global markets.…

Higher education institutions are being warned they could be a target for money laundering, with fees being financed by the proceeds of crime, including corruption, which might also buy property, cars and other items for students.

The problem has been highlighted in a series of reports.…