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What do women really want? The USD40 billion Indian multinational the Aditya Birla Group, some five years ago, decided to unravel that mystery. The answer is Liva, Birla Cellulose’s first fabric brand that was launched at a gala event in Mumbai on March 27, 2015.…

EUROPE’S research universities has called on the academic publishing sector to stop double-dipping when charging researchers and their institutions for subscriptions and fees for processing contributed articles. The League of European Research Universities (LERU), which represents senior institutions such as the universities of Oxford and Cambridge, is unhappy such double fees are charged under ‘hybrid open access’ systems.…

AS THE world becomes increasingly dependent on information technology (IT), fraudsters are finding ever more devious ways of subverting such systems, and the anti-fraud community is responding in kind. Anti-fraud tools, from data analytics to biometrics, have to develop and constantly improve in sophistication and agility to address new threats.…

Government, banks and law enforcement agencies in the UK today (Feb 25) announced they would work together in forming a major new taskforce to combat money laundering. The Home Secretary TLondon, announced a Joint Money Laundering Intelligence Taskforce (JMILT) would be established.…

Not everybody is as ready to report suspicious behaviour to the authorities as the Americans but concerned citizens in other developed countries at least may be moving in that direction. Suspicious transaction reports (STRs), (also known in different jurisdictions as suspicious activity reports – SARs) are the conventional way of passing on such concerns in the anti-money laundering (AML) sector but whistle-blowing, the passing on to the authorities of information about a company’s wrong-doing by one of its employees, does have a role.…

The possibility of a global paediatric research network has taken firmer shape in recent months with European Union (EU) industry representatives and medical regulators expressing support for a tie-up with their US colleagues and those from other countries. The issue is being taken up by a working group set up by the European Network of Paediatric Research (Enpr-EMA) in the European Medicines Agency (EMA).…

The UK alcoholic drinks industry has launched a web portal to encourage producers, distributors and retailers to blow the whistle on suspected fraud.

The London-based Wine and Spirit Trade Association’s (WTSA) whistleblowing wstafraudreport.co.uk website aims to tackle alcohol-related fraud costing the British public purse an estimated GBP1.3 billion annually.…

A new handbook on detecting bribes highlights outright fraud in company accounts as a main method used to cover up illegal payments made to grease the wheels of business.

Payments made off balance sheet – through bank accounts which are not recorded in the organisations’ accounting records, for example – feature prominently in How to Bribe: A Typology of Bribe-Paying and How to Stop It.…

TOILETRIES sales in the Arab Gulf countries remain robust, an oasis of economic and political stability in a turbulent Middle East. Elsewhere in the region, the ongoing conflicts in Syria and Iraq, and the rise of the Islamic State, has seen toiletries sales plummet.…

PLASTIC banknotes have been in circulation since their introduction in Australia in 1988 and their use is expanding. Counterfeiters beware. Alan Osborn, in London; Kitty So, in Ottawa; and Lee Adendorff, in Byron Bay, Australia, report.

FAKING banknotes is considerably more difficult on plastic than on cotton-based paper, and while printing technology improvements may aid forgers, central banks seem happy to avail themselves of the competitive advantage.