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Free trade zones (FTZ) have long been identified as having potential vulnerabilities for ML/TF/PF. And while they are not a key priority for FATF as it assesses the criteria for its fifth mutual evaluation round (MER5), given FTZs are still growing in number, international concern about their criminal money risks persists.…

Since the Hamas-led attack on Israel on 7 October 2023, and the ensuing Israeli war on Gaza, the Palestinian banking sector has been caught in the crosshairs. Meanwhile, Hamas continues to get funding as the war enters its 10th month.

The Palestinian banking sector, overseen by the Palestinian Authority (PA), has been under heightened pressure from the Israeli government following the Hamas-led attacks.…

As intensifying international trade frictions highlight the need for Chinese textile companies to spread their risk by investing in production capacity within diverse global markets, Chinese textile companies are indeed expanding their global footprint. That includes downstream as well as upstream segments.…

The freezing of Russian assets since the government of President Vladimir Putin invaded Ukraine in February 2022 has prompted western governments to consider seizing that money and property to fund reconstruction of a country ravaged by Moscow’s military aggression. Estimates of the value vary, but there is consensus that the value is at least USD300 billion, with the vast majority being assets from the central bank, the Bank of Russia.…

Vietnam’s clothing and textile industry may benefit from the accession to power of a former security minister, industry experts have told Just Style – although his closeness to Russia has raised concerns about weakening vital western trade links. To Lam was appointed President of Vietnam in April (2024) and general secretary of the ruling communist party earlier this month (August 3), the most powerful job in this south-east Asia sourcing hub.…

University students, politicians and human rights activists in Uganda have condemned the alleged rape, including sodomisation, of 20 university students recently arrested over demonstrating against alleged rampant corruption in the country.
They are collectively calling on Uganda’s government and judicial authorities to thoroughly investigate the allegations that female and male students were raped by police officers while held in police cells.…

Universities and higher education institutions (HEIs) worldwide are being encouraged to focus on achieving global sustainability initiatives with the help of a new United Nations (UN)-sponsored reporting and measurement resource.

On July 15 (2024), UNESCO (the United Nations Educational, Scientific and Cultural Organisation) unveiled its Sustainability Evaluation Tool for Higher Education Institutions (SET4HEI).…

The Japanese yen’s slide of more than 10% against the dollar in the past 12 months to reach a 38-year low may be propping up profits for Japan’s export-driven automakers but the resulting rising production input import costs are causing pain for Japanese auto parts suppliers businesses.…

A new set of advice for the global academic publishing sector has been released that aims to link academics with civil society, businesses and governments, so that their innovations can be understood to help deliver the United Nations’ Sustainable Development Goals (SDGs).…

As data security departments scramble to protect systems from what have become more run-of-the-mill attacks, such as malware, ransomware and hacks, other concerns are developing about adversarial machine learning and the “poisoning” of artificial intelligence (AI) by malicious actors. These fresh concerns come as the fear that increasingly powerful quantum computers are getting closer to breaking current encryption systems.…