Day: June 16, 2022

A paper from the Basel Institute on Governance on 16 June says that corporate digital identity (ID) has the potential to dramatically simplify the identification and verification of companies and to reduce the risks and costs of doing business. It also says that, provided there is political will, technological innovation and policy can help in several areas to facilitate corporate digital ID and thus enhance overall efficiency, market integrity, financial stability and inclusion.  Legal Entity Identifier (LEI), decentralised identifiers (DID) and reforms built on public individual digital ID systems show particular promise, particularly for SME, thereby supporting broader sustainable development, employment and innovation.  The paper examines these innovations in corporate digital ID and explore pathways for the future.

https://www.bis.org/publ/bppdf/bispap126.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

An article from The Intercept on 14 June considered the example of Home Depot’s Lifeproof line: vinyl planks made to look like wood that lock together without glue.  The article says that the story of vinyl flooring begins 6,600 miles away in the Xinjiang region of north-western China, where it is intertwined with the persecution of the predominantly Muslim Uyghurs.  Home Depot itself says that it prohibits the use of forced or prison labour in its supply chain.  However, a newly-issued report asks all companies that source from China — including Home Depot — to scrutinise their supply chains.  It is said that the report has major implications for the retailers and marketers of flooring, and there are a lot of people walking around their homes right now on floors that are virtually certain to be made in part with forced labour.  In the report, researchers focus in part on a flooring factory in Vietnam called Jufeng New Materials that supplies Lifeproof tiles to Home Depot, via a Georgia-based company called Home Legend.

https://theintercept.com/2022/06/14/china-uyghur-forced-labor-pvc-home-depot

The report, “Built on Repression”, is available at –

https://www.shu.ac.uk/helena-kennedy-centre-international-justice/research-and-projects/all-projects/built-on-repression

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

The European Monitoring Centre for Drugs and Drug Addiction (EMCDDA) has released its 1922 report.  The Trends and Developments report presents the EMCDDA’s latest analysis of the drug situation in Europe. Focusing on illicit drug use, related harms and drug supply, the report contains a comprehensive set of national data across these themes and key harm-reduction interventions.

https://www.emcdda.europa.eu/system/files/publications/14644/EDR_2022_18-ONLINE.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

On 16 June, Malta Today and the Times of Malta reported that Malta had been removed from the FATF grey list following a vote at the FATF Plenary.  A formal announcement is expected on 17 June.

https://www.maltatoday.com.mt/news/national/117326/malta_taken_off_the_greylist_by_fatf#.YqsZ3qLMKUk

https://timesofmalta.com/articles/view/malta-removed-from-fatf-grey-list.962000

Meanwhile –

EMPLOYERS’ ASSOCIATION CALLS ON GOVERNMENT AND OPPOSITION TO SAFEGUARD MALTA’S REPUTATION

On 16 June, Newsbook in Malta reported that the Malta Employers’ Association has called on the government and the Opposition to commit towards the promotion and safeguarding of Malta’s reputation across all levels.  This came in reaction to the news that Malta has been removed from the FATF’s grey list. 

https://newsbook.com.mt/en/employers-association-calls-on-government-opposition-to-safeguard-maltas-reputation/

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!