Latest news with #GASA
Borneo Post
4 days ago
- Business
- Borneo Post
PETRONAS, MISC and MOL to advance cross-border CO2 transportation
The three parties have recently completed the front-end engineering design (FEED) for a 62,000 cubic metre LCO2 carrier, which was awarded to SDARI. KUALA LUMPUR: PETRONAS CCS Ventures Sdn Bhd (PCCSV), MISC Berhad (MISC), and Mitsui OSK Lines, Ltd (MOL) together announced the incorporation of a strategic joint venture (JV) to lead the development and act as the ultimate owner of liquefied carbon dioxide (LCO₂) carriers. The JV, named Jules Nautica Sdn Bhd, is critical for transporting LCO₂ to designated storage sites as part of advancing carbon capture and storage (CCS) solutions. The three parties have recently completed the front-end engineering design (FEED) for a 62,000 cubic metre LCO2 carrier, which was awarded to Shanghai Merchant Ship Design and Research Institute (SDARI). In December 2024, this jointly developed design received the General Approval for Ship Application (GASA) certification from DNV, establishing it among the most developed Low Pressure Low Temperature LCO2 carrier designs in the industry. The JV aims to become a leading owner of LCO2 carriers, facilitating the safe and efficient transportation of LCO2 to designated CO₂ storage sites. Focused on supporting future CCS projects across the Asia Pacific region, the JV will also play a key role in completing the CCS value chain. Through strategic commercial agreements with CO2-emitting industries and storage companies, this partnership will provide a critical cross-border solution to meet growing environmental and regulatory needs. PCCSV's chief executive officer Emry Hisham Yusoff added, 'This joint venture marks a pivotal step forward in our collective mission of advancing decarbonisation efforts in the region. 'By leveraging the strengths of PCCSV, MISC, and MOL, we are progressing the development of LCO2 carriers and working towards more efficient shipping solutions. This collaboration highlights our focus on responsible innovation.' The joint venture recognises the critical role of cross-border collaboration in addressing our mutual goal in transitioning the region responsibly towards a low-carbon future. Representatives from PETRONAS, MOL, and MISC collectively form the Board of Directors of Jules Nautica. CCS liquified carbon dioxide Petronas
The Guardian
30-03-2025
- Business
- The Guardian
Anti-scam campaign groups urge UK police forces to get tougher on fraudsters
Anti-scam campaign groups are calling for police forces to be much tougher on fraudsters, who they claim are scamming millions from victims in 'a penalty-free crime'. The pleas are being made just days after the UK government announced it is working on an 'expanded' fraud strategy as part of a 'robust response' to surging reported fraud rates, which rose by 19% last year according to the Office for National Statistics. The new initiative follows a huge data leak exposing a $35m (£27m) scam call centre operation earlier this month, when the Swedish public broadcaster SVT shared files including more than 1m scam telephone calls with the Organized Crime and Corruption Reporting Project (OCCRP), the Guardian and other international reporting partners. Jorij Abraham, the managing director of the Global Anti-Scam Alliance (GASA), said: 'You can scam and go free. There is hardly any risk. It is easy, low cost and quite rewarding. We are calling on politicians around the globe to give law enforcement more charter – more resources.' He had earlier told GASA's London conference on Wednesday that scams are a 'penalty-free crime'. Rocio Concha, director of policy and advocacy at the consumer protection campaigner Which?, added: 'Law enforcement has a crucial role to play in stopping the UK's fraud epidemic and deterring scammers. Police, the government and businesses – such as telecoms firms, banks and online platforms – need to work together to share information about criminals and stop scams appearing in the first place. 'However, we also need to be realistic about what UK law enforcement agencies can do to tackle organised criminal gangs who are often operating complex online scam operations outside the UK. An effective enforcement action by regulators is also needed to hit businesses with financial penalties when they fail to put the right systems in place to prevent scams.' Launching the government's new initiative last week, UK fraud minister Lord Hanson told the GASA conference: 'We need to hold criminals to account for actions, pursue them relentlessly and make sure we get outcomes … for victims.' He added that money lost to fraud is 'going into other crime enterprises'. The $35m Georgian scam operation targeted people living in the UK more than any other country, with British residents accounting for a third – about £9m – of the money taken. Of about 2,000 victims globally who were persuaded to part with the largest sums, 652 were based in the UK – with the worst hit victims losing more than £100,000 each. While the Georgian prosecutors have launched a criminal investigation into a Tbilisi-based operation, it is not clear if they are receiving any support from international colleagues. When asked by the Guardian last week, the UK's National Crime Agency did not say if it was collaborating with international agencies to investigate the call centre. The City of London police, which is the UK's lead police force for fraud, declined to answer when asked if it had offered Georgian authorities assistance.
