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Even though life has been increasingly lived online during the Covid-19 pandemic, there is still a significant market for hardware surveillance devices, including those that are covert, with recording devices hidden in everyday objects, such as pens, watches, even water bottles.…

INTRODUCTION

Until now, the use of sensors within garments has been regarded as a specialist technical exercise, usually as a means of delivering medical information to doctors, nurses and other health-care professionals. However, production advances, especially the integration of sensors within yarns using nanotech and conductive fibre is opening up a wider range of more user-friendly functions that could bring sensor tech to the mass consumer market.…

INTRODUCTION

THE MANUFACTURE of protective masks has been maybe the largest growth area in the international textile and non-wovens industry during the Covid-19 pandemic. Billions of people have donned masks as they seek to avoid catching a disease that by June 11 (2021) had killed 3.7 million people and infected 175 million [1].…

AMERICA has long been the global policeman of international sanctions, including breaches of AML rules, but evidence suggests that the US dollar’s use in international transactions could be weakening and is having to compete with the rising power of crypto currencies.…

Long after the January 10, 2020, deadline set by the European Union’s (EU) 5^th anti-money laundering directive (5AMLD) (1) for member states to establish public ultimate beneficial ownership (UBO) registers, a Transparency International (TI) report (2) has alleged widespread non-compliance.…

Corruption increased in 2020 across the 27 European Union (EU) countries according to 32% of participants in Transparency International’s latest survey of over 40,000 people, the ‘Global Corruption Barometer (GCB) – European Union 2021’ (1). As regards other respondents, 44% saw no change and only 16% a fall, year-on-year.…

A FORMER correspondent for International News Services has published a memoir about the four years she lived in Myanmar.

Our Home in Myanmar is written by Australian journalist, Jessica Mudditt, who moved to Yangon with her Bangladeshi husband in 2012 to join The Myanmar Times. She also worked at the country’s state-run newspaper during the historic elections of 2015, and was a consultant for the United Nations and the British Embassy.…

Taiwan’s Financial Supervisory Commission (FSC) has imposed fines of Taiwan new dollars TWD10 million (USD357,385) on Citibank Taiwan Ltd and TWD6 million (USD214,342) on DBS Bank (Taiwan) Ltd for violations of anti-money laundering (AML) regulations.

According to a May 13 announcement from the FSC, which was sent to MLB, both banks breached Taiwan’s Banking Act (Article 129, paragraph 7), (1) which stipulates penalties for: “failure to establish or diligently conduct the internal control and audit systems, internal processing system and procedures, and internal operation system and procedures”.…

Obliged entities following the risk-based approach of calibrating AML/CFT controls lodging suspicious transaction reports must rely on solid knowledge about their customers and partners. But to be comprehensive in assessing risk, obliged entities must know something about their customers’ customers.

That is the underpinning of ‘know your customers’ customers’ (KYCC) systems that are increasingly being touted by vendors.…

One of the many downsides of the Covid-19 pandemic has been the inspiration for cyber-criminals to develop new ways of attacking computer users at their home, especially when working remotely. European police agency Europol reported in its annual cybercrime report released last October (2020) that business email compromise fraud and phishing had expanded significantly in frequency and variety since Covid-19 took hold last March (2020).…