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The Covid-19 pandemic’s expansion of online learning has created new higher education opportunities to teach African prison inmates, even if some jail administrators and government officials have often been reluctant to take advantage of these options. The idea that prison can deliver personal growth and reform as well as punishment and justice is not universally accepted across the continent, restricting the potential of higher online learning for inmates.…

If you listen to Mark Zuckerberg, chief executive of Meta Platforms, which runs Facebook, humanity is about to take a quantum leap into living lives online as well as offline, interacting with people’s digital representations (avatars) via ‘metaverse’ virtual platforms. The question in AML terms is whether such systems, especially if widely used and interoperable, pose a new and growing risk of dirty money flows?…

Cambodia’s clothing sector may continue to face challenges over its weak backward linkages and pressure to increase wages – balancing reasonable pay with international competitiveness in price sensitive markets – but its apparel export receipts remain healthy. The country’s clothing export earnings were not seriously damaged by the Covid-19 pandemic, which had a relatively light impact on Cambodia.…

The technical textile market looks set to ride out current turbulence caused by inflationary and geopolitical pressures, including Russian militarism, with a projected uptick in global performance – research and industry commentators predict. But plans for onshoring and innovation investments might be delayed as day-to-day costs continue to rise.…

Suspicious transaction reports (STRs) often receive bad press in AML circles, experts claiming they are too expensive, numerous and often containing little value for law enforcement investigations. However, the truth is that STRs are widely used to investigate and prosecute money laundering and associated predicate offences, even if the debate continues over their cost effectiveness.…

New data from Action Fraud, the UK’s national reporting centre for fraud and cybercrime, reveals users of the messaging app WhatsApp face a high risk of being targeted by so-called ‘friend in need’ scams that involve criminals contacting victims pretending to be their friend or a family member.…

India’s premium spirits market is growing fast with rising incomes and sharply falling prices in many states boosting sales. India’s gross national income per head in 2021 was USD7,220 compared to USD4,190 in 2010, according to World Bank data. With more money, “Indians are drinking better, but unlike the west [also] drinking more,” Ruchika Gupta, marketing director of Beam Suntory told Just Drinks.…

LOYALTY rewards fraud is on the rise. USD1.2 billion’s worth of stolen airline miles alone are being sold on the dark web, says USA–based fraud prevention expert Forter. Subverted loyalty accounts can be a major problem, given 21% of loyalty accounts have credit card details attached, it says.…

The Greek government is seeking to grow English language higher education courses by approving a new law which will aid the creation of new English taught degrees run by Greek universities with overseas HE institutions. While these programmes were already legal, the new law clarifies how they should be operated and controlled by administrative and academic staff.…

With Islamic finance strengthening and diversifying, service providers are increasingly targeting non-Islamic markets, competing directly with non-Islamic services. While demand in non-Islamic markets has historically been tied to factors spanning from real estate investment in GCC (Gulf Cooperation Council) economies to wealth management of non-Islamic countries’ Muslim minority populations, additional tailwinds are now deriving from Islamic finance’s closeness to the environmental, social, and governance (ESG) criteria used by socially conscious investors.…