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As the country reels from an alleged gold smuggling scandal, Zimbabwe’s AML/CFT performance has shown how technical compliance with FATF rules is not enough, its Financial Intelligence Unit (FIU) director general has told MLB: “It is one thing to have a compliant legal framework and it is another thing to make sure the regime is being used effectively to fight money laundering,” Oliver Chiperesa told MLB.…

The impact on criminality and money laundering of the comprehensive legislation of cannabis in Canada in 2018 is becoming better understood – while an expanding legal sector is squeezing an illegal market, illicit sales are still large. This is fuelling concern that criminals may be working with the legal sector.…

Artificial Intelligence (AI) has the potential to deliver higher education to students where they are geographically, supplying the most suitable type of learning, this year’s ASU+GSV Summit (Arizona State University/ Global Silicon Valley venture capitalist firm) was told.

Speaking in San Diego, USA, on Tuesday (April 16), Lev Gonick, ASU chief information officer, said AI is one of HE’s “enormous accelerators for the ability to learn both individually and to reorganise our institutions and organisations to accomplish that”.…

The European Parliament has pushed the European Commission into a politically awkward position by refusing to follow FATF’s lead in removing the United Arab Emirates (UAE), Gibraltar and Panama from the European Union (EU) AML blacklist. MEPs yesterday (Tuesday April 23) voted to block a Commission delegated act stating these jurisdictions were no longer considered ‘high-risk third countries’ as regards AML.…

In late 2024, the Financial Action Task Force (FATF) will celebrate 35 years as the global standard setter for anti-money laundering (AML) and combating the financing of terrorism (CFT) rules. It is an opportunity, say critics, to review and potentially reform its role in the fight against financial crime.…

Smart textile suppliers need to take account of electronics safety rules as well as regulatory controls and standards for regular fabric-based products can be a significant challenge, especially in Asia, where legal regimes may be less familiar to western companies.

But the importance of understanding these rules is clear given the extensive sourcing that continues in Asia, especially should smart textile product makers wish to sell their products in populous and often wealthy Asian markets.…

While the global footwear market is always buoyed by the basic human need for shoes, the supply chain difficulties caused by Covid-19 and Russia’s invasion of Ukraine, and the recent wave of inflation, has challenged the industry, especially high-end brands.

With inflation abating, manufacturers and retailers are starting to relax, however, with market researchers bullish about the footwear industry’s medium-term prospects.…

The number of companies producing spent bleaching earth oil (SBEO) as a biofuel feedstock has been increasing, but despite the opportunities that new regulations and technologies offer, logistics, the lack of feedstock and costs remain major challenges.

That utilising bleaching earths and clays is a good idea is clear.…

As the textile industry has adopted technological solutions to boost efficiency, sewing has remained the last bastion of manual labour due, primarily, to the malleable features of fabric. Robots introduced to automate most other aspects of the industry have – thus far – largely failed to replace human sewing. …

The outbreak if the Israel-Gaza war has prompted the Jordan textile and clothing industry to be more proactive in considering how establishing local fabric manufacturing capabilities could help shield the country’s garments sector from regional conflicts

From October to December 2023, the armed conflict in Gaza is estimated to have cost Egypt, Jordan and Lebanon USD10.3 billion, or 2.3% of their combined gross domestic product (GDP), and the figure could double if it lasts another six months, according to an assessment by the United Nations Development Program (UNDP) (1).…