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The European Union (EU) is struggling to tackle corruption in its own institutions with real and perceived cases of backdoor lobbying, undue influence, cash for questions, conflicts of interest and revolving doors (to jobs with industry). These are harming the reputation of the European Parliament, the executive European Commission, the Council of Ministers and several EU agencies.…

UK recession expected by the end of the year

The way the data is evolving there is a 60% chance the UK will be in recession by the end of 2023, or certainly by the early stages of 2024, according to Simon Ballard, Chief Economist, First Abu Dhabi Bank.…

The invasion of Ukraine by Russia has sparked an unprecedented level of international sanctions. However, it has also caused an unprecedented wave of sanctions evasion.

June’s (2023) plenary of the Financial Action Task Force (FATF) had a clear message for the global anti-money laundering community, which includes organisations fighting sanctions evasion: “FATF reiterates that all jurisdictions should be vigilant to current and emerging risks from the circumvention of measures taken against the Russian Federation in order to protect the international financial system.”…

With packaging manufacturers facing increasingly tight regulatory and industry standards, the role of inspection and detection technologies to ensure packaging meets industry requirements is becoming ever more important.

Different products have to adhere to different standards – for example, the International Featured Standard (IFS), a Global Food Safety Initiative (GFSI) benchmarked standard, applies to food packaging; packaging for pharmaceuticals and veterinary products has to conform to nationally-set pharmacopoeia standards and World Health Organisation guidelines (1); and cosmetics packaging must conform to specific ISO (International Organization for Standardization) standards (2); and, in the European Union (EU), rules set out in the EU Cosmetics Regulation (3).…

Anti-money laundering fines worldwide are expanding fast, say researchers, but assessments of whether this reduces and deters money laundering or just feed government coffers are not yet conclusive. According to Ireland-based international compliance firm Fenergo, AML/CFT fines worldwide – levied on organisations failing to operate legally mandated AML/CFT controls – increased 52% year-on-year in 2022, totalling USD4.1 billion, compared to USD2.7 billion in 2021.…

Anti-harassment committees in Bangladesh’s apparel industry charged with helping female workers avoid and prevent unwanted attention and approaches from male colleagues and managers rare failing to carry out their responsibilities, a recent study for the Bangladesh Institute of Labour Studies (BILS) has claimed.…

The Morocco textile and clothing industry is forging ahead with expansion and modernisation plans despite the September 8 earthquake that killed 2,900 people and could cause up to USD10 billion’s worth of damage, according to the US Geological Survey (USGS).…

Saudi Arabia’s universities are ramping up their efforts to boost their sustainability working within an unforgiving status quo of fossil fuel reliance, high energy and water consumption plus rising greenhouse gas (GHG) emissions.

Public and private universities have in recent years started addressing these challenges by fostering sustainability practices on their campuses and influencing Saudi society to become environmentally conscious. …

A Peru university has been honoured by the UN for a groundbreaking sustainability programme, that imparts practical environmental skills to students, which they then practice in the community. Universidad San Ignacio de Loyola (USIL), Peru, based in the capital Lima, was a winner of the Next Generation Learning and Skills section of the International Green Gown Awards 2023, supported by the UN’s Higher Education Sustainability Initiative (HESI).…

Fraud investigators are often meticulous and driven, building a case for their employers that may end up in court – but what red flags might spark an initial inquiry?

Written advice is widely available – from the Association of Certified Fraud Examiners (ACFE) and government agencies responsible for white collar crime.…