Search Results for: South Africa

Many Muslim countries, their governments and businesses, have adopted an uneasy neutrality towards Russia, as it continues its invasion of Ukraine.

Malaysia is a case in point – its close relations with European, north American and Asian countries (such as Japan and South Korea) means it will not want to breach their sanctions on Russia.…

The Australian food export sector is targeting Malaysia’s rapidly growing certified halal food market. A new memorandum of understanding (MoU) signed by the Australian Trade and Investment Commission (Austrade) and Malaysia’s Halal Development Corporation in February should benefit Australian exporters. Both organisations have agreed to share information and collaborate actively in developing commercial partnerships between Malaysian and Australian companies.…

The invasion of Ukraine by Russia risks undermining AML/CFT, said FATF in its post-plenary communiqué issued in March. (1) But how this unprovoked military action will disrupt the policing and detection of dirty money remains to be seen, noted Carol Van Cleef, chair of the blockchain and digital assets practice, at Bradley Arant Boult Cummings, Washington DC.…

To go after the money launderers, should law enforcement efforts be more oriented towards intervention in laundering networks to disrupt the movement and hiding of dirty money? Many AML specialists say yes – absolutely.

There is so much money to target.…

Turkey’s clothing manufacturing sector, the world’s fifth largest garment exporter, after China, the European Union, Vietnam and Bangladesh has (1) rebounded from the Covid-19 pandemic and has set its sights on overtaking its rivals. The industry has been investing in new machinery and capitalising on the trend for near-shoring.…

The Vietnamese apparel sector is a great success story, but to maintain its strong position, the country will have to build backward linkages, while mitigating some deep-rooted cost and labour challenges. Data from the World Trade Organisation (WTO) shows that from the 1990s, the country’s garment industry has risen from a low base to overtaking Bangladesh’s exports’ sales in 2020, with USD29 billion overseas sales revenues, ranking second worldwide.…

Crime statistics being released by law enforcement agencies worldwide tell an unhappy story – that online fraud is growing fast.  Action Fraud, the UK’s national reporting centre for fraud and cybercrime, estimates that 80% of reported fraud in the UK in the 2021/2022 reporting year was cyber-enabled (1).…

With fraud levels booming – a PwC report released last May (2021) said 47% of more than 5,000 interviewees’ companies suffered an average of six frauds in the previous two years – anti-fraud professional salaries are growing. (1)

The Association of Certified Fraud Examiners (ACFE) will release its next anti-fraud sector salary survey in the summer, but Mason Wilder, an ACFE research specialist confirmed pay is “going up – as are most wages and salaries in professional fields”.…

NEW Zealand’s butter industry is thriving, despite the disruption of Covid-19 and now Russia’s invasion of Ukraine, with strong export demand particularly from China but also from other markets worldwide, especially in the ASEAN (Association of Southeast Asian Nations) bloc. Major exporter Fonterra is also looking ahead to a world that increasingly cracks down on carbon emissions, introducing the first carbon-zero certified organic butter made in NZ, reflecting how consumers are seeking more sustainability in their food purchases.…

Malaysia’s paint companies are expecting an increase in sales through 2022 11.5% construction sector growth projected by the finance ministry, in part fuelled by major government infrastructure projects. These include the Kuala Lumpur-region Light Rail Transit Line 3 and Mass Rail Transit Line 3; the Johor-Singapore Rapid Transit System, and the Pan Borneo highway, lining Sabah and Sarawak with Brunei and Indonesia’s Kalimantan region, the ministry said in its Economic Outlook 2022 report.…