Purpose – The purpose of this paper is to explain the rule‐based and risk‐based anti‐money‐laundering (AML) approach, to demonstrate the implementation problems in carrying out a risk‐based approach (RBA) to AML and finally propose in what way the RBA should be conducted in China....

On March 31st, 2023, the Italian data protection authority found that ChatGPT violated data protection laws and banned the service in Italy, providing a natural experiment to assess the economic consequences of generative AI. Leveraging this event, we show that Italian firms with greater...

In China, as in many developing countries, poverty is primarily a rural phenomenon. Considerable efforts have been made over the last few decades to reduce poverty in China's rural areas; and indeed, the poverty rate in these areas has fallen from 30.7% in 1978 to 3.8% in 2009. This paper begins...

Vocational education and training (VET) is defined in general practice as technical education and skills training mainly for jobs that are based on manual or practical activities. According to China's 1996 Vocational Education Law, VET is deemed a key component of China's educational system, and...