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The invasion of Ukraine by Russia has sparked an unprecedented level of international sanctions. However, it has also caused an unprecedented wave of sanctions evasion.

June’s (2023) plenary of the Financial Action Task Force (FATF) had a clear message for the global anti-money laundering community, which includes organisations fighting sanctions evasion: “FATF reiterates that all jurisdictions should be vigilant to current and emerging risks from the circumvention of measures taken against the Russian Federation in order to protect the international financial system.”…

With weaknesses in terror finance controls exposed by Hamas’ bloody attack on Israel, killing more than 1,400 people (UN reports), and sparking deadly military reprisals in Gaza, the Financial Action Task Force (FATF) has proposed a range of CFT reforms (1).…

In the aftermath of Russia’s invasion of Ukraine, which has forced 6.2 million people from the country (UN figures) (1) and caused more than USD151 billion in infrastructure damage, says the Kiev Schol of Economics (2), Ukraine’s fashion retail market has been transformed.

While energy price rises have started levelling off after 2022 steep inflation, the need to boost sustainable electricity capacity in Europe, carried by strengthened transmission networks, boosting security of supply against unreliable partners such as Russia and further reduce carbon emissions, is becoming ever more pressing.…

Companies are increasingly buying gold amidst unpredictable global market conditions, to shield themselves from potential economic turmoil, spinning off global inflation, rising interest rates and war, according to Matthew Keen, managing director, Evidens Consulting – a UAE-based specialist precious metal consultancy working with banks, brokers, corporations and end consumers.…

South America often eschews regional economic trends, with countries having sharply diverging fortunes, reflecting their contrasting economic interests and performance, as well as differing political records and policies. The paint and coating sector is not insulated from these trends, and while global issues such as the Covid-19 pandemic and Russia’s invasion of Ukraine affect all national markets and producers, in South America, the impacts are often manifested differently across the continent.…

Companies in the nonwoven adhesives market are innovating to overcome geopolitical and environmental pressures forecast by market analysts to pose challenges for the next five years. Russia’s invasion of Ukraine’s impact on the global economy and energy prices; continued supply chain fallout from the Covid-19 pandemic; and growing sustainability concerns and associated regulatory changes are tough obstacles, claim market researchers OG Analysis, from Connecticut, USA.…

With western clothing brands and retail outlets quitting Russia following the country’s invasion of Ukraine – killing 9,614 civilians (UN figures) and killing or wounding almost 500,000 soldiers (US government estimates) – clothing exports to Russia from nearby Türkiye have been growing steadily, with some increase in Russian production.…

Bangladesh has struggled to rebuild its reputation as an ethical sourcing location since the 2013 Rana Plaza disaster, so the murder of Bangladeshi union leader Shahidul Islam on June 25 has sparked concern within the country’s important clothing export sector.

Shahidul was Gazipur unit president of Bangladesh Garment and Industrial Workers Federation (BGIWF), a prominent trade union, who lost another comrade named Aminul Islam to a violent and murderous attack in 2012.…

Türkiye’s digital textile printing sector had started to rebound post-Covid-19, but since 2022, orders have slowed due to weakening economies in the country’s key European markets, while production costs have been impacted by surging inflation and currency devaluation. While this has hampered order books, reducing demand for all kinds of finishing, print houses have been adapting by seeking medium to high-end orders for smaller print runs, which favour digital printing’s flexibility – promoting investment.…