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Zimbabwe was taken off FATF’s grey list in March, but serious issues still abound claim critics of the move – from corruption to large scale gold smuggling, while a controversial law on NGOs may be misused to go after political opponents, they argue.…

United Arab Emirates (UAE)-based Pure Harvest Smart Farms plans to raise funding through a new sukuk (Islamic bond) to support its food-security driven expansion plans, Tariq Sanad, the company’s chief financial officer, told Salaam Gateway.

The agritech firm’s breakthrough farming system that can produce year-round crops in the desert has attracted a diverse mix of investors since its inception in 2016.…

Researchers in the United Arab Emirates (UAE) have been developing the extraction of gelatine from camel skin and bones, to boost production of this important manufacturing input that is often sourced from pigs. This creates halal/haram tracing problems for food, drink, medical and cosmetics product manufacturers who use gelatine.…

INTRODUCTION 

With the textile industry under pressure from consumers, regulators and standards to become more sustainable, companies are looking at all aspects of the supply chain – including upstream to fibre production. Digitalisation has a key role to play here, especially in supplier countries where the use of such technology is weak – such as in Africa.…

Australia’s commitment to strengthen its anti-money laundering legislation is now an eight-year-old promise that has yet to be fulfilled. However, with a change in government in May 2022, with the Labor Party taking power after nine years of government by the right-centre Liberal-National Coalition, there is renewed hope that reform could finally be delivered.…

The Financial Action Task Force (FATF) issued a dedicated report, ‘Money Laundering and the Illegal Wildlife Trade’ in June 2020 (1) and has followed up with further analysis on a topic that is being researched in depth by a wide range of NGOs.…

Clothing and textile companies are facing a major change in how they report their performance in future, with international and national initiatives pushing them to generate and declare data on their social and environmental performance. Draft mandatory requirements are being consulted upon in the European Union (EU) and the United States, with optional reporting rules being developed by an International Sustainability Standards Board (ISSB).…

The United States Securities & Exchange Commission (SEC) on August 1 charged 11 individuals with fraud offences over their roles in creating and promoting Forsage, a fraudulent online crypto pyramid and Ponzi scheme that raised more than USD300 million worldwide. Millions of retail investors inside and outside the US invested in what was claimed to be a decentralised smart contract platform using the Ethereum, Tron and Binance blockchains.…

GERMANY, a market known for meat consumption, is increasingly trying out plant-based alternatives and has developed one of the largest and fastest-growing meat substitute markets in Europe. As a result, German producers are largely focused on growing the domestic market, with limited exports to other European Union (EU) countries.…

The US Congress is gearing up to adopt the ENABLERS Act (1) that would extend anti-money laundering requirements (AML) in the Bank Secrecy Act (2), such as customer due diligence and reporting suspicious transactions, to cover professional service providers including certain lawyers and accountants, third-party payment services and people who form or register companies or trusts.…