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Counter Proliferation Financing (CPF) is becoming an increasingly important third goal of international policies and programmes designed to attack and reduce illicit financial movements. With concerns about the development of nuclear weapons by sanctioned regimes in North Korea and Iran growing, governments have been focusing on how to implement Financial Action Task Force (FATF) guidance on CPF, which has been deepening since the global anti-money laundering and terror finance body in 2020 amended FATF Recommendation 1 and its Interpretive Note to require countries and entities to identify, assess, understand and mitigate their PF risks.…

The Brazilian textile sector has been increasing investment in digital printing, modernising its finishing to boost international competitiveness to offer near-sourcing services to American and European clients as western buyers review their China sourcing.

India-based business intelligence service Infinium Global Research, in a report sent to Digital Textile, said the Brazilian digital textile printing market was worth USD28.37 million in 2022, projected to rise to USD75.25 million by 2030.…

Accountants and auditors have been asked to contribute to an International Sustainability Standards Board (ISSB) review of its sector specific SASB standards, to make them more applicable worldwide. The ISSB has taken responsibility for the former Sustainability Accounting Standards Board (SASB) standards, which companies using its IFRS S1 and S2 standards on general sustainability and climates must consider when drafting sustainability reports.…

Fashion brands have been warned to step up online security as the industry becomes increasingly digitalised and Russian hackers pose an increased risk as the country’s military struggles to maintain its invasion of Ukraine. 

While digitalisation brings enhanced sustainability, reduced waste, stricter inventory management, personalised designs, smart wearable tech garments, AI-enabled virtual fittings and integrated supply chains, increasing online data offers bad actors additional attack vectors, said Maryland, US-based cyber exposure management company Tenable. …

The European Union (EU) is to secure harmonised penalties and criminalisation of corruption offences across the 27-nation bloc and a global sanctions regime potentially punishing graft elsewhere in the world, under proposals unveiled in Brussels May 3. The European Commission proposal for a directive on combatting corruption (1) would require EU countries to ensure law enforcement and prosecutors have appropriate investigative tools to fight corruption, immunity is lifted during investigations and the statute of limitations on prosecutions is at least eight to 15 years depending on the offence.…

Anti-fraud agencies, financial institutions and central banks are working increasingly hard to fight sophisticated identity fraud, where fraudsters build an identity based on stolen IDs to open bank and credit card accounts. These comprehensive fake IDs – sometimes pulling together multiple identity elements and invented details – are often subbed ‘synthetic identity’ frauds.…

Counter Proliferation Financing (CPF) is becoming an increasingly important third goal of international policies and programmes designed to attack and reduce illicit financial movements. With concerns about the development of nuclear weapons by sanctioned regimes in North Korea and Iran growing, governments have been focusing on how to implement Financial Action Task Force (FATF) guidance on CPF, which has been deepening since the global anti-money laundering and terror finance body in 2020 amended FATF Recommendation 1 and its Interpretive Note to require countries and entities to identify, assess, understand and mitigate their PF risks.…

The AML/CFT system and laws of Montenegro is also under scrutiny by FATF-style regional body Moneyval, which launched a fifth round of mutual evaluation process of this small Balkan country last March. The country, which only became independent in 2006, although with a long pre-WW1 history of autonomy and formal independence, has a population of just 620,000.…

Anti-fraud agencies, financial institutions and central banks are working increasingly hard to fight sophisticated identity fraud, where fraudsters build an identity based on stolen IDs to open bank and credit card accounts. These comprehensive fake IDs – sometimes pulling together multiple identity elements and invented details – are often subbed ‘synthetic identity’ frauds.…

The Brazilian textile sector has been increasing investment in digital printing, modernising its finishing to boost international competitiveness to offer near-sourcing services to American and European clients as western buyers review their China sourcing.

India-based business intelligence service Infinium Global Research, in a report sent to Digital Textile, said the Brazilian digital textile printing market was worth USD28.37 million in 2022, projected to rise to USD75.25 million by 2030.…