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Search Results for: Singapore

10 results out of 893 results found for 'Singapore'.

TALLOW SALES EXPECTED TO GROW, DESPITE SOME PUSHES AGAINST MEAT PRODUCTION



The global market for tallow, traditionally a common ingredient in the production of soaps, detergents, and lubricants, is undergoing considerable movement, driven by rising consumption of meat products coupled with the rising usage of tallow in the pharmaceutical, cosmetic, biofuels and feeds industries.…

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TECHNICAL ROUND UP – BRAZIL LEADS WAY IN WRITING ISSB STANDARD INTO NATIONAL LAW



Latin America’s largest economy, Brazil, has confirmed plans to make International Sustainability Standards Board (ISSB) reporting standards mandatory from January 2026, having already authorised voluntary use by public companies and investment funds from 2024. The country’s finance ministry and its securities regulator the Comissão de Valores Mobiliários (CVM) have confirmed the move under CVM resolution 193.…

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FATF CALLS FOR TIGHTER TF CONTROLS FOLLOWING HAMAS ATTACK ON ISRAEL



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).…

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AML FINES RISE – BUT HOW EFFECTIVE ARE THEY?



Anti-money laundering fines worldwide are expanding fast, say researchers, but assessments of whether this reduces and deters money laundering or just feed government coffers are not yet conclusive. According to Ireland-based international compliance firm Fenergo, AML/CFT fines worldwide – levied on organisations failing to operate legally mandated AML/CFT controls – increased 52% year-on-year in 2022, totalling USD4.1 billion, compared to USD2.7 billion in 2021.…

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DAIRY COMPANIES COMPETE IN THE VEGAN CHEESE MARKET



Manufacturers, including major dairy producers, and retailers are increasingly innovating and investing in the growing market of plant-based cheese, to meet expanding consumer preferences for healthy and sustainable products.

According to data shared by UK-based market research firm Euromonitor International, global retail sales of plant-based cheese have been growing from USD584.6 million in 2020 to a projected USD896.3 million in 2023, Regionally, North America is the main market with projected USD443.2 million in sales in 2023, followed by western Europe with USD385.4 million  eastern Europe is much lower with a projected USD13.5 million in sales for 2023.…

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EX FORMULA ONE SUPREMO PLEADS GUILTY TO FRAUD AND ESCAPES PRISON



The former Chief Executive of the Formula One Group Bernie Ecclestone has plead guilty to a single charge of fraud by false representation over the alleged millions of GB pounds he had hidden from British tax authorities, Her Majesty’s Revenue and Customs (HMRC).…

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CHINA HEADING FOR MASSIVE ILLEGAL CAPITAL FLIGHT OF DIRTY AND CLEAN MONEY



Risk specialists predict that the current instability in China’s trust sector and China’s slowing economic growth will lead to a massive outflow of capital from China, breaching Chinese money laundering laws. That will include both the export of legally earned money in excess of Chinese capital export caps of USD50,000 per year and illicit movements of criminal proceeds.…

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CHINA’S DENIM DIGITAL TEXTILE PRINTERS CONQUER NEW GROUND



Chinese textile companies are bringing digital textile printing into the realms of denim and yarn to replace unsustainable dyeing processes, industry observers have told Digital Textile.

‘Digital denim’ made using a computer and printer involves applying inkjet printing dyeing’ on cotton fabric to make the ‘digital denim’ fabric resembling different styles of jeans has become increasingly popular within China’s textile sector.…

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SINGAPORE CRACKS DOWN ON EXPAT MONEY LAUNDERING RING EXPLOITING ITS BANKS



A group of 10 foreign nationals, all ethnically Chinese, have appeared at Singapore’s State Courts accused of operating a Singapore dollars SGD1 billion (USD738 million) international money laundering ring. The group have all been denied bail in preliminary hearings, following an island-wide set of police raids on August 15 involving more than 400 police officers.…

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COMSUMER APPS ARE USEFUL BACKDOOR FOR SPREADING MALWARE WORLDWIDE



Business computer and phone users know they should not click on links in emails and texts from unknown senders. But malware developers are increasingly hacking into trusted online apps, inserting malicious code, downloaded by the unwary. Keith Nuthall, Raghavendra Verma and Jens Kastner report on this burgeoning threat.…

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