Search Results for: Turkey

Streaming services that deliver online content, including gaming, videos and music, have opened new avenues for money launderers, including the ability of fraudsters to commit predicate offences, whose proceeds are hidden and moved.

The problem is exacerbated by the growing popularity of streaming – according to US-based Grand View Research, the global video streaming market alone was worth USD50.11 billion in 2020, projected to grow at a compound annual growth rate (CAGR) of 21% from 2021 to 2028.…

The international oilseeds and related vegetable oil markets are facing major disruption through Russia’s invasion of Ukraine, with global vegetable oil prices soaring, according to the UN Food & Agriculture Organisation (FAO).

Its Vegetable Oil Price Index averaged 248.6 points in March, up 46.9 points (23.2%) from February, a new record high, driven by higher sunflower, palm, soy and rapeseed oil prices.…

Since the Taliban’s takeover last August (2021), Afghanistan’s AML/CFT regime has effectively been put on pause, while the country’s money laundering and terrorist financing risks mount amid international isolation.

The website of Afghanistan’s financial intelligence unit (FIU) is no longer active online.…

RUSSIA’s invasion of Ukraine will damage European Union (EU)-Russia trade in clothing including knitwear, but Russia will continue to make woolen clothes, say experts. Meanwhile, the war launched by Russian President Vladimir Putin is devastating Ukraine’s knitwear production and retail sector.…

A planned legally binding global agreement covering the lifecycle of plastics should hasten the regulation, proliferation and uptake of steps in the personal care product industry to eliminate plastic pollution, sector associations and experts.

Even before the decision in March (2022) by the United Nations Environment Assembly to conclude negotiations by 2024 on a pact to eliminate plastic pollution, cosmetics manufacturers of all sizes have been moving towards a more circular economy approach.…

The Covid-19 pandemic and latterly the Russian invasion of Ukraine has sparked an increase in cybercrime and fraud, and the halal sector – reliant on compliance with detailed production and sales standards – is a soft target for commercial criminals.

This fact is compounded by the proliferation of halal certificates as the sector expands worldwide.…

United Arab Emirates (UAE)-based halal fast-food chain Chicking is planning to expand its geographic footprint with up to 30 new outlets across Canada by 2023.

The company opened its first ChickQueen branch in the multi-cultural city of Mississauga, Ontario, in May 2021, as part of a plan to expand to all major Canadian cities, AK Mansoor, founder and chairman of Chicking, told Salaam Gateway.…

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 Russian clothing retail and manufacturing industry is suffering because of sanctions imposed because of its government’s invasion of Ukraine, but the sector’s close links to Asia and Turkey are likely to reduce the impact.

With the war continuing, Russian bombers today (March 17) bombed a theatre in Ukraine’s port city of Mariupol, Svetlana Melnichenko, president of the Saint Petersburg-based Chamber of Textile and Fashion, noted that Russians were not in the mood to buy new clothes: “It’s spring.…

The Tunisian food sector is showing how an industry can leverage traditional halal practices in the domestic market to generate certification that enables its products to be exported to Muslim-majority markets worldwide.

“When we say a food product is halal and it is not haram (religiously forbidden), that does not just mean the absence of alcohol and pork, but also, and most importantly, it is halal because it does not harm the health of its consumers,” said Nawel Jebali, senior technician for the halal sector at Tunisian standards organisation, INNORPI (Institut National de la Normalisation et de la Propriété Industrielle), which issues renewable three-year halal certificates in the country.…