Search Results for: World Trade Organisation

Egypt was one of the fastest growing paint markets in the Middle East and North Africa (MENA) in 2021 and early 2022, but the depreciation of its currency on foreign exchange markets, surging inflation and an economic downturn over the past year is now depressing the sector.…

Should all anti-money laundering typologies be made public? AML experts argue it depends on the circumstances, but in general, as criminals are usually ahead of the curve, there is not always much that the bad guys can learn from typologies unless nitty gritty details are revealed.…

Despite high production costs and continued geopolitical instability, Italy’s domestic market for paints and coatings performed well in 2022 thanks to government tax credit schemes that boosted the building sector. Indeed, according to national paint trade and industry association Assovernici, Italy’s paints and coatings market posted overall satisfactory performance in 2022.…

The precious metals and stones sector is increasingly under the spotlight regarding ML and TF, particularly gold. Given the fungibility of precious metals, the complexity of their supply chains and the varying levels of oversight worldwide, they continue to be an attractive means to launder money – especially gold, which remains the precious metal of choice for launderers.…

AML is all about the deft use of IT and the marshalling of data culled from financial records, but comprehensive KYC and client monitoring, as well as proactive ML investigations following up a suspicion, are aided by effective online tools that can uncover essential information.…

The disgusting comments published by Twitter about Canada’s Governor General Mary Simon require the same response such defamation would spark against this newspaper should it have transgressed so appallingly – she should sue.

Yes, Canada’s respected 75-year-old first ever indigenous Governor General should sue Elon Musk for defamation, as owner of Twitter, which published these untrue and poisonous comments.…

The goal of any anti-fraud investigation is to uncover the truth about wrongdoing, and experience can help – with investigators using it to hone and direct their inquiries and uncover potential leads. But when might personal assumptions leach into misconceptions and bias that might push an investigator down the wrong track and reach the wrong conclusions?…

The European Union (EU) has taken fresh action to reverse the decline of honeybees in Europe, with the European Commission revamping the EU Pollinators Initiative. The revised strategy involves spending on conservation, species reintroduction, research, monitoring and restricting dangerous pesticides. https://data.consilium.europa.eu/doc/document/ST-5692-2023-INIT/en/pdf;…

Australia is at the forefront of developing innovative marine coatings that draw inspiration from nature. These have the potential to not only protect ships from biofouling but also reduce fuel consumption by up to 10% by mimicking the properties of streamlined natural surfaces.…

Money launderers continue to develop layering techniques to insert criminal proceeds into legitimate financial transactions, and these typologies are becoming increasingly varied.

‘Cuckoo smurfing’ is one new technique attracting attention, for instance, said a briefing note from Australian FIU Austrac (1).…