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Charlie Javice, the founder of shuttered New York-based student loan assistance company Frank, is facing both civil and criminal charges in parallel cases brought by the United States Securities & Exchange Commission (SEC) and Department of Justice (DoJ) over fake customer numbers.…

US automakers finally have more certainty about the technical rules within the European Union (EU) designed to ensure its 27 member states only allow sales of zero emission vehicles (ZEV) from 2035, but – say American auto industry experts, Chinese competition could be strong.…

LABEL-MAKING automation is increasingly important to the global packaging industry. Indeed, the Wisconsin, USA-based global identification and compliance solution specialists Brady Corporation calls automated labelling a “must-have” – saying that the question is not if a company will automate its labelling process, but when (1).…

AML is expensive, and for obliged entities, the cost increases the more suspicious transactions they must assess and process. So, it is far better for them to prevent – where possible – a potential money launderer from opening an account with them in the first place.…

Academics from the diaspora of Cape Verde, which numbers an estimated 1.5 million people, compared to 587,925 inhabitants of this Atlantic archipelago, are complaining that their talents and expertise are being overlooked by local political and academic leaders.

Indeed, many claim they struggle to see their overseas qualifications recognised in Cape Verde, which they say would enable them to improve the country’s higher education and academic research.…

The precious metals and stones sector is increasingly under the spotlight regarding ML and TF, particularly gold. Given the fungibility of precious metals, the complexity of their supply chains and the varying levels of oversight worldwide, they continue to be an attractive means to launder money – especially gold, which remains the precious metal of choice for launderers.…

AML is all about the deft use of IT and the marshalling of data culled from financial records, but comprehensive KYC and client monitoring, as well as proactive ML investigations following up a suspicion, are aided by effective online tools that can uncover essential information.…

Like many industries, the global textiles market is waking up to the potentially revolutionary applications of ‘generative’ AI tools able to create insight and hunt for information, such as ChatGPT. Its acronym stands for ‘generative pretrained transformer’ and is a natural language processing model that is free to use.…

Australia is at the forefront of developing innovative marine coatings that draw inspiration from nature. These have the potential to not only protect ships from biofouling but also reduce fuel consumption by up to 10% by mimicking the properties of streamlined natural surfaces.…

Money launderers continue to develop layering techniques to insert criminal proceeds into legitimate financial transactions, and these typologies are becoming increasingly varied.

‘Cuckoo smurfing’ is one new technique attracting attention, for instance, said a briefing note from Australian FIU Austrac (1).…