Search Results for: South Africa

INTRODUCTION

Textile and clothing companies are well aware of two major trends driving sales in the industry – sustainability and digitisation. One is driven by the need to adopt sustainable manufacturing processes and materials, to boost sales amongst environmentally conscious consumers and reduce financial and regulatory costs associated with pollution and carbon emissions.…

The food halal market for Portugal, a largely Christian country that was in the early Middle Ages part of the Muslim world, has been expanding, serving a growing local Muslim community and Muslim tourists keen to taste Portuguese food.

Between 711 and 1249, most of Portugal was under Muslim rule, which influenced its language and culture.…

South Africa has a lot to do to improve its regulatory oversight and more effectively tackle money laundering, which its FIU, the Financial Intelligence Centre, readily admits, as the country addresses shortcomings highlighted in its latest Financial Action Task Force (FATF) mutual evaluation report (MER).…

Only a foolish person would deny the importance of culture and historical consciousness on the present behaviour of humankind, and that counts maybe double for the Arab world, where citizens often view society through a more ideological or religious lens than – say – in the west.…

A key political question emerging from the Coronavirus pandemic has been how the disease might readjust relations between this world’s two largest powers – the United States and China. The two countries have had two very different experiences of Covid-19, which reflect their contrasting social and political systems.…

While the Arab world certainly has a political culture of its own, there are many universal human truths that its politics shares with the rest of the globe, even if – perhaps – tensions can be more intense in this region than others.…

Cryptocurrency innovation is moving fast, with AML/CFT-oriented financial institutions and law enforcement struggling to keep up as criminals exploit the system through newer technology such as decentralised finance and anonymous privacy coins.

The use of cryptocurrencies is surging, and is increasingly being adopted in more, often unregulated, markets.…

The huge offshore finance leak unveiled yesterday (October 3) by the International Consortium of Investigative Journalists (ICIJ) and its media partners has highlighted the pressures AML reporters face in complying with increasingly tough beneficial ownership transparency laws.

Reports generated from 2.94 terabytes of data within 12 million documents leaked to the ICIJ from the confidential records of 14 offshore service providers have been analysed by 600 journalists from 150 media outlets in 117 countries.…

The Bangladesh innerwear industry has been witnessing robust growth in the past decade and this outsourcing hub is now competing effectively with its major rival China. The production value of the country’s intimate wear jumped from US216 million in 2012 to US1.078 billion in 2021, according to a report from data service Statista (1).…

AS the European Union (EU) debates the proposed creation of a supra-national EU Anti-Money Laundering Authority (AMLA) and associated reforms to EU AML/CFT law, it must take privacy concerns into account, the European Data Protection Supervisor (EDPS) has argued.

In a comprehensive and detailed comment on the proposed new EU AML/CFT regulation and directive, the EDPS, an EU agency with powers to regulate the EU general data protection regulation, has said it supports these proposed laws’ embrace of the risk-based approach, which implies measures “as effective as possible and as less intrusive as possible”.…