Search Results for: World Trade Organisation

Remote working boomed during the Covid-19 pandemic and seems set to stay. For AMLOs working outside of the office, multiple security risks abound but can be mitigated if the right procedures are in place and precautions taken.

The pandemic’s initial and fast push of AMLOs and other compliance professionals out of the office forced financial institutions to scramble to get in-house cyber security measures in place to ensure there were no network breaches.…

Every new information technology is a potential double-edged sword for committing and detecting financial crime, including money laundering and terror finance, and the development of large language model (LLM) processing AI systems, such as ChatGPT, is no exception.

Experts have already raised concerns about how these systems could be abused by money launderers, as well as how they may help obliged entities, FIUs and related law enforcement agencies fight dirty money flows.…

Knitting companies based in the European Union (EU) may be told they cannot destroy unsold or returned textiles in future, pushing them to consider design, manufacturing and sourcing changes that will reduce their exposure to a new law.

According to the European Commission, about 5.8 million tonnes of yarn and fabric of all kinds are discarded every year in the EU, approximately 11 kilos per person (1), and their destruction “by economic operators is becoming a widespread environmental problem across the Union, in particular due to the rapid growth of online sales” (2).  …

Bangladesh is exploring offshore wind power as a key solution for a country seeking energy diversification, but whose dense population restricts land availability for renewable power. In July (2023), a USD1.3 billion investment offer in Bangladesh’s wind power energy from Denmark-based Copenhagen Infrastructure Partners (CIP), a leading green infrastructure fund manager, working with offshore wind developer Copenhagen Offshore Partners (COP) has boosted this south Asian country’s renewable energy ambitions (1).…

Russia military attacks on Ukraine’s critical energy infrastructure may be paving the way for the victim country to build a sustainable decentralised renewable energy-based electricity system.

By striking Ukrainian energy infrastructure, Russia hopes to destroy the will of the Ukrainian population, who have remained resilient against Russian occupation and attacks against civilian infrastructure.…

Textile suppliers have been navigating a growing and confusing world of sustainable standards and certifications while trying to meet clients’ diverse requests.  

“This is very difficult because every company has different requirements. So as of today, it is a bit of the Wild West.…

Gorpcore’ fashion, wearing outdoor functional clothing as fashionable streetwear, is rising in popularity, so much that much specialist apparel specifically designed for mountain environments will “never see a mountain,” a performance clothing designer has told WTiN. 

Their expensive materials and complex designs have “attracted fashion and streetwear to outdoor clothing,” Richard Dannah, an outdoor performance sportwear designer with more than 20 years’ experience in the field, told WTiN.…

Canada’s successful shift towards electric vehicle production is seeing the country’s auto-sector expand from its traditional Ontario base across the country, according to new research. This has been undertaken by non-profits the Trillium Network for Advanced Manufacturing, (which raises public and investor awareness), and Accelerate, an alliance of mining, batteries, fuel cells, R&D, the public sector, Indigenous peoples’ interests, labour, vehicle manufacturing and infrastructure groups.…

Footwear specialists have been warned to focus on ways to implement artificial intelligence (AI) in specific use cases within their own niche area rather than being tempted to utilise the technology to extend their range into new product areas, in which they may lack familiarity.…

The metal packaging sector does not only prosper because of its intrinsic self-worth but also because of changes in competing industries such as paper and plastic packaging – and regulation – such as recent single-use plastics bans – can boost the fortunes of can makers and fillers.…