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The narcotics trade was a prime motivator to enact global anti-money laundering regulations to curb dirty money flows. Over 30 years later, drug trafficking is still considered the largest transnational crime by international law enforcement agencies. It is worth an estimated USD344 billion-a-year, according to Interpol, followed by counterfeiting crimes (USD288 billion) and human trafficking (USD157 billion).…

THE GROWING popularity of cryptocurrencies has stoked concerns that they offer a haven for money launderers. The concern focuses on the risk that crypto can be used anonymously to buy goods and services, without them being converted into fiat currencies through exchanges that are a key focus of emerging AML/CFT controls.…

New regulatory plastic waste obligations coming into force in July (this year) will force tobacco producers selling into the European Union’s (EU) 447-million-person market to take measures to reduce butt littering. The move, part of the EU’s Single Use Plastics Directive (SUPD) (Directive (EU) 2019/904), are designed to reduce the 4.5 trillion cigarette butts that end up as litter annually worldwide (according to the UN), generating 845,000 tonnes of waste, according to a New York (USA) state document.…

With President Joe Biden assuming office in the United States, the Mexican clothing and textile industry is hoping improved trading relations, building on the legacy left by former President Donald Trump that it regards largely positively.

The Mexican Apparel Association (CANAIVE – Cámara Nacional de la Industria del Vestido) was particularly happy with the renegotiation of the North American Free Trade Agreement (NAFTA), now called the US-Mexico-Canada Agreement: “USMCA opened new opportunities for our industry while seeking to obtain a more solid regional integration,” said CANAIVE, in a note to just-style.…

IF there is one USA organisation that you might expect to excel at installing cutting edge green energy systems, it would surely be the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE).

And, indeed, according to engineer Stanton Stafford, ASHRAE adopted what he calls the “Ferrari” of heating and cooling systems for the society’s new headquarters in Atlanta, Georgia, whose renovation is almost complete.…

The world’s anti-money laundering/combating the financing of terrorism (AML/CFT) system has come a long way since the G7 group of nations decided to launch the Financial Action Task Force (FATF) in July 1989. But Australian researchers have claimed AML/CFT compliance costs USD300 billion and only nets USD3 billion of an estimated USD3 trillion in criminal funds generated annually (a 0.1% success rate).…

Apparel and footwear brands, especially those in the United States, may come under increasing distribution strain as an uptick in Covid-19 cases in the Chinese clothing and textile manufacturing hub of Guangdong exacerbates already fraught global logistics.  The southern Chinese province recorded 135 total infections over the period June 10–23 and a seven-day average of nine new cases as of June 23, according to data from the USA’s Johns Hopkins University.…

United States President Joe Biden has made the fight against corruption a core national security interest in a White House announcement (1) timed to coincide with the United Nations General Assembly’s special session on corruption (2) June 2 to 4.  Biden’s June 3 ‘Memorandum on Establishing the Fight Against Corruption as a Core United States National Security Interest’ points to the “staggering” cost of corruption, assessing it as 2% to 5% of global gross domestic product (GDP), and flags up the “critical advantage for the United States and other democracies” in preventing and countering corruption worldwide.…

CONCERN about continued Russian meddling in American elections, the ‘SolarWinds’ backdoor hack into major US institutions, and targeted assassinations of dissidents abroad, have sparked the imposition of major new sanctions powers by President Joe Biden,

Declaring a national emergency to fight the cyber-crime threat posed by Russia, Biden released an executive order giving his administration wide-ranging powers to freeze and block asserts of Russian individuals and companies deemed associated with these Russian intrusions.…

THE COVID-19 pandemic has caused significant disruption to Peru’s important camelid fibre sectors. Its large alpaca fibre and fabric industry has suffered, but there is maybe more concern about the impact on the smaller and more vulnerable vicuña industry.

Peru is the leading producer worldwide of vicuña.…