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A fraud case now underway at San Jose, California, has seen prosecutors allege senior business executives were duped by a young wunderkind in medical technology – Elizabeth Holmes. But lessons can be learned here – straightforward due diligence may have saved victims a lot of money – Keith Nuthall reports.…

The International Federation of Accountants (IFAC) has published a blueprint for how upcoming international sustainability reporting standards can be implemented within national and regional jurisdictions. IFAC foresees a different approach for a first block of rules – on investor-focused sustainability information – than for policy-focused sustainability reporting (a second projected block).…

The Swiss Federal Council’s (Switzerland’s cabinet) May 26 unilateral decision to end seven years of negotiations on a new agreement to govern future relations between Switzerland and the European Union (EU), citing sovereignty concerns (1), closes the door on attempts to ensure the country has a formal link with EU AML/CFT legislation.…

INTRODUCTION

In a highly technical textile sector segment such as the manufacture of compressed garments, the use of detailed standards to guide production is not just useful in guaranteeing quality output, it can help manufacturers and brands’ marketing. Where products are associated with international, regional, national and private standards, this builds confidence in consumers, promoting sales.…

The Covid-19 pandemic that accelerated e-commerce by an estimated five years will also lead to an increase in on-shoring for the US textile industry through sustainable digital printing, especially attracting millennial and Gen-Z consumers, say industry insiders.

Tight profit margins in the textile-garment sector mean it makes “no sense” to rely on an overseas supply chain when runs as short as half a yard of fabric can be carried out with digital print technology, argued Mike Scrutton, director print technology and strategy at California-based Adobe, which provides innovative software for digital textile printers

Moreover, Kathryn Sanders, CEO of Western Sensibility, a digital textile printing company based in Montana, described changes such technology is making to the US textile industry as “very powerful” and “incredible”, adding some American manufacturers and designers are “banking on this being the future”.…

Companies breach sanctions laws at their peril. Fines of many thousands of dollars, and even jail terms, await the unwary or careless. Fortunately, an Association of Certified Sanctions Specialists (ACSS) has been created to advise businesses on negotiating the complex world of international sanctions compliance.…

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

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].…

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.…