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Many of European Union’s 27 member states appear to have been dragging their feet when implementing a key provision of the fifth anti-money laundering directive (5AMLD) (1), setting up a public ultimate beneficial ownership (UBO) register.  The registers should have gone live for the corporate world on January 10, 2020, and two months later on March 10 for trusts.…

SOUTH Africa’s paints and coatings industry has been struggling though the particularly tough Covid-19 lockdown imposed by the country’s government, which saw its manufacturing plants and most paint retailers closed from March 26 until May 1.

What made this order worse was that from March 26 until May 1, homeowners were told to remain at home except for essential purchases, making it hard for them to help each other with renovations, swapping decoration equipment and more – preventing many from undertaking renovations during this enforced time off.…

IN Australia, the process of bringing the nation’s AML/CFT laws and regulations up to international standards has stalled, senior AML/CFT specialists have told MLB. And a widening banking scandal currently highlights the need for reform, they say, with Australian financial institutions struggling to detect and report money laundering and other criminal transactions.…

THE INTERNATIONAL Civil Aviation Organisation (ICAO) is promoting digital technologies within air traffic management systems to shore up the efficiency of a global civil aviation sector severely disrupted by Covid-19. But there is doubt about whether these investments will be made by a pandemic-hit industry.…

The Covid-19 pandemic is set to drive a near threefold surge in the antiviral coatings market as researchers and developers say they now realise how little they know about effective materials combatting such threats.

The search for more universal antiviral materials “should be continued with even higher intensity”, said Professors Ken Ostrikov and Ziqi Sun from Queensland University of Technology, in Australia, in their September (2020) report, ‘Future antiviral surfaces: Lessons from COVID-19 pandemic’, featured in the publication ‘Sustainable Materials and Technologies’.…

CANADIAN automobile dealers are looking out for a potential increase in the price of vehicles that they sell on account of the United States-Mexico-Canada Agreement (USMCA), which came into force on July 1 (2020).

This is likely to be fuelled by the new deal insisting that Canadian (as well as American and Mexican) auto-manufacturers may have to increase their USMCA-bloc sourcing to ensure that 75% of a vehicle’s parts are made a signatory country.…

Covid-19 has ripped through the economy of the Indian Ocean country Mauritius, but it has helped island business advisory agency managing director Sheila Ujoodha make her case to clients that risk assessments and contingency planning are important.

The owner of SmarTree Consulting (SCL) since she created the company in 2018, Ujoodha is busy suggesting how businesses can cope with the pandemic, through its services of internal audit, risk assessment and regulatory consulting.…

Euromed University Fez, in Morocco, has been chosen as the regional academic partner to launch what is hoped to be a revolutionary agritech development hub aimed at transforming Moroccan small-scale subsistence farming into fully digitalised and innovative agri-food businesses.

The university – also called Université Euromed de Fès (UEMF) and based in the country’s second largest city – will help farmers to create an industry exporting quality products overseas, alleviating rural poverty and using farming techniques that counter ecological challenges.…

THE WORLD has become used to large leaks of confidential data from intelligence services and banks, but the latest dump, from the files of the USA’s Financial Crimes Enforcement Network (FinCEN) may have impacts beyond the unveiling of wrongdoing. Keith Nuthall explains.…

Scientists in Japan have succeeded in developing an artificial spider silk that could have major implications for the apparel industry. The research team at the RIKEN Center for Sustainable Resource Science (CSRS), developed the spider silk from photosynthetic bacteria, paving the way for a new era of photosynthetic bio-factories delivering stable output.…