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Once a stronghold of banking secrecy and a haven for undeclared cash-carrying Italians making deposits in a local micro-state, the Republic of San Marino, the world’s oldest republic (founded in the year 301CE), has been working to repair its AML/CFT reputation.…

THE UK government has marked the anniversary of Russia’s unprovoked invasion of Ukraine by announcing a wide-ranging export ban it says will cover “every item Ukraine has found Russia using on the battlefield to date”. While London has yet to release the formal list of such products, Foreign Secretary James Cleverly said the widened ban “included…hundreds of goods are aircraft parts, radio equipment, and electronic components that can be used by the Russian military industrial complex, including in the production of UAVs [drones].”…

As Pope Francis continues his moves to reform the financial controls of the Vatican City State and The Holy See (VCS/HS), including its AML/CFT systems, the uneven progress within this tiny state with a global reach to fighting corruption and money laundering is illustrated by an ongoing major financial crime trial.…

The professional life of a money laundering reporting officer (MLRO) is of critical importance to the organisations that they serve, but many of their colleagues in separate roles maybe unaware of what happens in the typical day of an MLRO. Shilpa Arora, Senior Director of Anti-Financial Crime Segment Solutions at ACAMS (Association of Certified Anti-Money Laundering Specialists) stressed that a key element of MLRO work is not necessarily actively hunting down dirty money flows, but consultation.…

As competition in the global beverage market increases, manufacturers are looking to labelling as a key to grow brands through ‘premiumisation’, emphasising its superior quality, exclusivity and sustainability to consumers.

“Customers are looking for premiumisation of their beverage labelling in terms of embellishment, foiling, tactile finishes, but coupled with a sustainable twist,” said Ben Robinson, sales director at Bradford, UK-based The Label Makers, a company that produces labels for premium brands such as Trinidad & Tobago-manufactured Kraken Rum.…

EGYPTIAN businesses are struggling to import goods due to an ongoing shortage of US dollars, while the Egyptian pound has depreciated by over half in less than a year and inflation is in the double digits. Such issues, along with tough import requirements, has pushed businesses to resort to roundabout, sometimes illicit, means to stay afloat.…

With the USA looking to replace fossil fuel consumption in its energy sector, its nuclear industry has “no appetite” for building traditional large-scale nuclear reactors…because of the delays and the cost overruns on such mega projects, said Jacopo Buongiorno, a nuclear energy expert at the Massachusetts Institute of Technology (MIT).…

Brazil’s economy has been either contracting or sluggish for the last decade, but the country’s strong dairy sector hopes this year could be different. With a new President in charge of the most populous South American nation since January 1, business leaders say exports could revive the industry, even if the local market continues to be in poor shape.…

The agreement of the first two International Sustainability Standards Board (ISSB) standards may help new tech-based data networks unlock capital and investment flows to smaller businesses and especially in emerging markets, a symposium in Montréal, Canada, has been told.

A panel of development experts speaking at the event on Friday (Feb 17) noted how artificial intelligence (AI) and machine-learning-based data platforms can mesh with digitised smaller businesses, helping entice investors seeking sustainable opportunities.…

The potential of the ‘metaverse’, the burgeoning network of 3D virtual worlds focused on social connection, for generating sales and exposure is proving extremely attractive for fashion brands. While digital clothes in the metaverse are never physically worn or touched, designers are harnessing virtual reality for marketing and helping consumers experience fashion in new digital ways.…