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A campaign to boycott Indian products in Islamic countries because of anti-Muslim comments made by leaders of India’s ruling Bharatiya Janata Party (BJP) may have died down for now but given the continuing Hindu-Muslim tensions in India, the risk of future supply disruption remains, warn economists.…

Russia’s invasion of Ukraine – which as of June 10 had killed 4,339 civilians (UN figures) – sparked an unprecedented range of sanctions against Russia’s financial, business and political elite. But there is little evidence as of June – with the invasion entering its fourth month – of upset Russian oligarchs pressuring President Vladimir Putin to abandon his bloody invasion, because they had lost access to their yachts, mansions and bank accounts.…

The creation crypto-currency units through the arcane process of ‘crypto-mining’ presents peripheral money laundering risks, during the initial validation of a crypto coin and where the transaction is mined. There could be a need for a new type of KYC – KYM, ‘Know Your Miner’.…

The American infant formula market has been suffering from shortages, in part, because of a problem rarely encountered in the US economy, a lack of free market competition.

The nationwide baby formula out of-stock percentage was at 74% for the week ending May 28, according to retail-tracking company Datasembly.…

THE EUROPEAN Commission’s planned ‘Textile Transition Fund’ could be key to achieving a sustainable clothing and textile industry in Europe, Dirk Vantyghem, director general of the European Apparel and Textile Confederation (Euratex), has told Just Style.

He hoped it will enable the industry to fulfill the goals of the European Union [EU] Strategy for Sustainable and Circular Textiles (1), announced in March (2022).…

National risk assessments (NRAs) for money laundering and terrorist financing, required by the Financial Action Task Force (FATF) since 2012, are not comparable nor based on sound methodology, according to a new World Bank study (1) ‘National Assessments of Money Laundering Risks: Learning from Eight Advanced Countries’ NRAs’.…

Although China’s 13th Five-Year Development Outline for the Textile Industry (2016–2020) mandated sustainability improvements for China’s entire textile industry, the government’s efforts to improve the environmental performance of the country’s synthetic dye segment have gained visible momentum more recently, under the 2021-25 14th Five-Year plan.   …

While the torrent of international sanctions imposed on Russia following its invasion of Ukraine on February 24 have slowed, the breadth and complexity of these measures have continued to challenge compliance officials in banks and other financial services.

An American Bankers Association (ABA) paper released this month noted that the sanctions deluge had been “unprecedented in its speed, complexity, and global impact”.…

Researchers have created an eco-friendly graphene-based nanofilter to remove dyes from textile wastewater, prompting scientists to claim another important industrial use for what has been called a ‘super material’. In the finishing segment, specialists have argued the filter could be a “game changer” for an industry facing increasing regulatory pressures and sustainability market demands.…

Growing environmental concerns and rising awareness of sustainable energy resources is driving considerable growth in the global used cooking oil (UCO) market. Production is also being boosted by recent technological advancements in UCO processing, expanding supplies from the rapidly evolving foodservice industry and initiatives by various governments to promote UCO for industrial use.…