Search Results for: Germany

With China turning from capital inflow to outflow amid Chinese companies’ global expansion programs, Chinese financial institutions are facing closer anti-money laundering scrutiny, as they, too, expand globally. Indeed, China’s top five banks had 1, 270 overseas branches at the end of 2017 (according to FATF (the Financial Action Task Force).…

THE NEW president of FATF, who took office on July 1, is planning to expand the global AML’s current focus on wildlife trade offences to other environmental crime, such as illegal logging, slash-and-burn cultivation and unlawful waste disposal.

Speaking to the MLB on July 2 in his first media interview after taking on this new role, Dr Marcus Pleyer, from Germany, stressed that the United Nations Environment Programme (UNEP) has said illicit proceeds from environmental crime could total USD259 billion annually worldwide.…

THE FINANCIAL Action Task Force (FATF) has confirmed high risk AML/CFT jurisdictions on its grey and black-lists have another two months to sort out their AML/CFT weaknesses because of COVID-19 – consideration of further blacklisting and additional measures will be postponed until that deadline.…

CONSTRUCTION projects likely to generate major purchases of paints and coatings are likely to be a focus of a new ‘Next Generation EU’ budget commanding EUR750 billion between 2021 and 2024, financed by borrowing through bond issues against European Union (EU) direct revenues from sources such as import duties.…

If there is one subsector of technical textiles that is regarded as well suited to environment-friendly materials innovation, it is surely the agricultural textile (ag-tex) sector. This is indeed the case, with research and development specialists creating clever solutions allying the functional and sustainability benefits of ag-tex with new biodegradable and naturally-sourced fibre.…

THE NEED to actively recharge electric vehicles makes them less attractive to consumers, especially when batteries can take eight hours to charge. So, the development of ambient technologies that enable EVs to charge themselves as they operate has been a key focus of automotive R&D.…

Tunisia’s textile and clothing industry association, the FTTH (Fédération tunisienne du textile-habillement) has commissioned a report on the impact of Covid-19 on this outsourcing centre, including policy options to enable its companies to recover. It will work with the Middle East and north African wing of the Global Textiles and Clothing Programme (GTEX/MENATEX) over two months to generate a post-pandemic plan.…

TEXTILE and fibre innovators worldwide are seeking to tap growing demand for antimicrobial, virus and bacteria killing fibres and fabrics generated by the Covid-19 pandemic, encouraging clothing and fabric-makers to develop groundbreaking new technology.

Indeed, for companies such as HeiQ Materials AG – a Switzerland based textile innovation specialist – the pandemic has “opened a whole new chapter for the development of antimicrobial surfaces and textiles”, its co-founder and CEO Carlo Centonze told just-style.…

Munich, Germany, police have launched a criminal investigation into an EUR1.9 billion (USD2.1 billion) accounting fraud at payments processing company Wirecard, June 22, arresting former CEO Markus Braun, who was released on EUR5 million (USD5.6) bail the following day. Other board members are also under suspicion.…

ENVIRONMENTAL regulators in Germany, the Netherlands, Norway, Sweden and Denmark have requested information about the use of per- and polyfluoroalkyl substances (PFAS), including as textile waterproofing agents, as they develop a joint proposal to restrict their use in the European Union (EU), which would be authorised through REACH chemical control system.…