ReleaseWire

A report released in June this year revealed that Nordic bank Nordea and Norway's DNB banks have been the conduit for billions of euros of suspicious origin - at least €3.9bn -, creating yet another new money laundering scandal for the region. Information obtained by a Finnish broadcasting company showed that at least a part of the money that has been funneled through these banks is related to money laundering. The information comes from internal investigation reports at the banks - which have been leaked - and which show a number of problematic money transfers connected to branches in locations such as Latvia and Lithuania. The internal reports also indicate that bank employees may also have been involved in money laundering.

William Hill's online gambling subsidiary Mr Green fell foul of Sweden's Money Laundering Act in 2021, as well as certain sections of the Gambling Act. As a result, it was issued with two separate warnings, as well as penalties of $3.1 million. The company sought to appeal the penalties but, earlier this year, the appeal was dismissed by Sweden's Administrative Court in Linköping. A statement was made by the Swedish Gambling Authority in which it made clear that Mr Green's appeal was to be dismissed "in its entirety." The Authority went on to highlight the issues that existed in terms of William Hill's AML protection and the problematic level of compliance risk at the business.

The Cullen Commission report - the final report of the Commission of Inquiry into Money Laundering in British Columbia - has been released and promptly welcomed by the Canadian government. Canada's federal government released a statement saying that it takes the issues of money laundering and financial terrorist financing very seriously and will continue to review Canada's Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) Regime in the light of the Cullen Commission report. The government also responded to many of the recommendations in the report, including with respect to strengthening the existing regime. More than $48.8 million has been invested in the federal regime since 2019, including with respect to information sharing and data resources. AML software is highly likely to play a key role in creating a more robust structure going forward. The additional review to be undertaken by the government in response to the report from the Cullen Commission will look for places where the current regime, and previous investments, fall short. In particular, this will investigate how the authorities detect, deter, and investigate financial crimes. A new legislative review has also been announced, which will focus on the digitisation of money, including cryptocurrencies and stablecoins.

Just as the world was finally starting to breathe a sigh of relief at the easing of the pandemic, the situation in Ukraine flared up, bringing with it an unsettling new wave of deaths, sadness and anger. I believe that nature has given us the necessary resources to coexist on this planet all together - there is enough space and food for everyone and yet greed drives us to destroy each other. That makes me angry. Perhaps it makes you angry too.

The global hydraulic fracturing market is projected to reach USD 50.2 billion by 2026 from an estimated USD 34.8 billion in 2021, at a CAGR of 7.6% during the forecast period. The global hydraulic fracturing market is driven by the maturing conventional oil and gas reserves, the need for substitute resources, which could efficiently meet the rising energy demand, is growing. The discovery of shale oil and gas has proved helpful in meeting the requirements for clean and efficient energy sources.

Report categorizes the risk analytics market based on components, deployment mode, organization size, risk type, vertical, and regions.

report categorizes the Traffic Management to forecast revenue and analyze trends by component, system, region

Savory Snack Products Market by Product (Potato Chips, Extruded Snacks, Popcorn, Nuts & Seeds, Puffed Snacks, Tortillas), Flavor (Barbeque, Spice, Salty, Plain/Unflavored), Distribution Channel and Region – Global Forecast to 2027

The global synchronous condenser market is projected to reach USD 811 million by 2030 from an estimated USD 661 million in 2022, at a CAGR of 2.6% during the forecast period.

Automotive Lighting Market for ICE & EV by Technology (Halogen, LED, Xenon/HID), Position & Application (Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox, Reading, Dome, Rear View Mirror), Adaptive Lighting and Region

Leaders in Finance has announced an international AML Europe event that is intended to help improve the way that anti-money laundering is handled in the region. The event is due to take place in September in Brussels and follows on from a former event in the Netherlands last year. Leaders in Finance has repeatedly emphasised how anti-money laundering provisions don't stop at the border and expanding these events into new countries is a key part of reinforcing this message. Where there is a robust anti-money laundering regime in place there is far more protection for the businesses and individuals in that country - and it is much more likely that the proceeds of criminal transactions will be channeled overseas instead of undermining domestic society.

The web of regulation around crypto transactions is gradually tightening, as this innovative area of finance starts to get more structure. A big part of this is ensuring that cryptocurrency doesn't leave loopholes that could be exploited for money laundering purposes. A new EU proposal sets out the requirements for banks to collect data on both senders and recipients in a transaction to help achieve this. Called the 'travel rule,' it will require that cryptocurrency firms start collecting this data for every transaction, even those that are just a couple of euros. It will also require that every transaction that comes in at above EUR1,000 be reported to the financial authorities. This will essentially remove the threshold for reporting and could be a big win in anti-money laundering terms.

Combating money laundering across the EU has been a key priority for the European Union for many years. And in July last year it received a major boost with plans presented by the European Commission to create a central EU authority to help fight money laundering across the region. The Anti-Money Laundering Authority (AMLA) won't take over responsibility for the fight against money laundering - that will remain with individual member states. However, AMLA will fulfill the function of coordinating and supporting the application of EU regulations across Europe. It will also be given a number of significant powers that are going to have an impact when it comes to compliance risk, among them these two critical functions:

An encrypted connection is created using a VPN option between the client, which is often implemented as computer software on a worker's workstation, and a VPN gateway inside the workplace network.

The security screening market was valued at USD 7.5 billion in 2021; it is expected to reach USD 10.1billion by 2026, growing at a CAGR of 6.3% from 2021 to 2026. The growth of the security screening market is primarily driven by the increasing criminal activities, growing need for large-scale surveillance at public places, and increasing demand in the private sector.

The global Smart Elevator Market size is expected to grow from USD 9.7 billion in 2021 to USD 12.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 5.4% from 2021 to 2026. The growth of the smart elevator market is majorly driven by the enhanced spending capabilities of customers in emerging markets.

MBM Omega, an independent supplier of office products and workplace services, offers staff uniforms and branded corporate clothing to businesses across the UK. They provide businesses with a complete solution for their corporate clothing and work wear needs, from design and sourcing through to manufacture, personalisation, packaging and delivery. They offer a variety of printing options on their vast range of clothing allowing them to reproduce full colour images and logos to an exceptional standard. Using the highest quality fabrics and materials, they employ a strict quality control process to ensure that every garment meets high standards.

In 2020, Covetrus,Inc. constructed a new DACH headquarters in Dusseldorf, Germany. The new headquarters concentrates on the strength of Germany, Austria, and Switzerland-based teams and the firm’s Central European locations.

- In 2022, Allscripts (US) made an agreement to sell Constellation (Canada), the net assets of Allscripts Hospitals and Large Physician Practices business segment. The Hospitals and Large Physician Practices business segment includes the Sunrise™, Paragon®, Allscripts TouchWorks®, Allscripts® Opal, STAR™, HealthQuest™, and dbMotion™ solutions.

According to a research report "EdTech and Smart Classrooms Market by Hardware (Interactive Displays, Interactive Projectors), Education System Solution (LMS, TMS, DMS, SRS, Test Preparation, Learning & Gamification), Deployment Type, End User and Region - Global Forecast to 2027" published by MarketsandMarkets, the global EdTech and smart classrooms market to grow from USD 125.3 billion in 2022 to USD 232.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 13.2% during the forecast period. The major factors driving the growth of the EdTech and Smart Classrooms Market include increasing demand of eLearning solutions, AI based learning.

This research report categorizes the Enterprise File Synchronization and Sharing Market to forecast revenues and analyze trends by component, solutions, services, deployment mode, cloud type, end user, vertical, and region.

Agricultural Sprayers Market by Type (Self-propelled, Tractor-mounted, Trailed, Handheld, Aerial), Capacity, Farm Size, Crop Type, Nozzle Type, Usage, Power Source (Fuel-based, Electric & Battery-driven, Manual, Solar), & Region - Global Forecast to 2027

The global textile dyes market size was USD 11.1 billion in 2022 and is projected to reach USD 14.0 billion by 2027, at a CAGR of 4.6%, between 2022 and 2027. The market in Asia Pacific is witnessing high demand, along with low-cost of manufacturing in Asia Pacific countries. The demand for dyes for cellulose fiber is increasing in Asia-Pacific because of the rapidly growing textile industry. Cotton, jute, and other natural cellulose fibers are extensively used in the Indian textile industry. Apart from India, Bangladesh, China, and other Asian countries are the production sites for major fast fashion companies. The increasing demand will burden the industry over the next few years.

The global lubricants market size is projected to reach USD 182.6 billion by 2025 from USD 157.6 billion in 2020, growing at a CAGR of 3.0%, in terms of value during the forecast period. The anticipated growth in emerging economies post COVID-19 are expected to help the lubricant demand growth. The demand for lubricants in countries such as China, India, Japan, Russia, ASEAN, and South Korea from both the transport and the industrial sector is expected to fuel the growth of lubricants market in the region

Best Bev, a beverage manufacturer providing world-class co-packing services, guides national beverage companies through creating memorable and exciting can artwork. There are several important factors to consider that make a can really "pop" in comparison to all the others on the shelf.