Abstract Real estate money laundering (REML) represents a critical vulnerability in the global financial system, yet research and policy developments remain scarce in the Global South despite these regions’ countries increasingly becoming “countries of asset location.” While the Financial Action Task Force expanded anti-money laundering frameworks to include real estate sectors in 2003, current regulations may be inadequately aligned with the actual dynamics of Global South real estate markets. This study addresses the research gap by examining whether existing anti-money laundering entities and professions appropriately reflect real estate sector dynamics in the Global South. Using a business ecosystem approach and systematic literature review methodology following PRISMA guidelines, we analysed 25 peer-reviewed papers published between 2016 and 2024 and conducted grey literature reviews of Brazil, Kenya, and Indonesia. Our analysis reveals that the Global South exhibits distinct REML characteristics compared to the Global North, including greater involvement of construction companies and developers, more extensive cash-based economies, systemic corruption rather than implementation gaps, and broader socioeconomic impacts. Results demonstrate that the relevant actor ecosystem in Global South real estate markets extends significantly beyond traditional gatekeepers covered by current AML frameworks. Construction companies, property developers, and informal financial operators play crucial roles but often remain outside regulatory scope. The study concludes that international AML standards require contextual adaptation to address the distinctive characteristics of Global South real estate markets, particularly the central role of construction activities and informal financial systems.

Utilizing local government assets is one of the most important ways to increase local revenue. Optimizing assets not only increases Regional Original Income (PAD) but also promotes efficient public services and strengthens transparent and accountable governance. In this context, assets managed by Technical Implementation Units (UPTs), such as the Vocational Training Centers (BLKs), have significant potential to be optimized as skills training centers and economically productive units. The purpose of this study is to identify barriers and strategies that can be used to maximize the utilization of East Java Provincial Government assets managed by the UPT BLK Jember. The method used in this study is a descriptive qualitative approach involving data collection through in-depth interviews, field observations, and documentation collection. The data analysis process is carried out in three stages: data reduction, data presentation, and conclusion drawing. The research findings indicate that the main challenges in asset utilization at the UPT BLK Jember include limited digitalization systems, inadequate physical conditions of assets, weak internal coordination, and less strategic asset locations. Furthermore, minimal promotion of training services and the lack of community and business involvement also hinder optimal asset utilization. To address these challenges, this study proposes four main strategies, namely: (1) digitizing asset management to make it more transparent and efficient; (2) increasing human resource capacity, particularly in asset management and vocational training; (3) establishing collaboration with third parties such as private training institutions and the industrial world; and (4) implementing a social marketing-based communication strategy to increase the visibility of BLK in the community.

Effective asset management is crucial for organizations that provide high-quality services. However, the management of immovable assets often faces challenges due to time-consuming, tedious, and error-prone paper-based practices. To address these issues, the Malaysian government has introduced MySPATA (Sistem Pengurusan Aset Tak Alih Kerajaan), an electronic-based solution aimed at improving asset management. Despite its implementation, MySPATA has not fully resolved the complications associated with locating and managing assets. This study proposes integrating three-dimensional Geographic Information Systems (3D GIS) into the asset management system to enhance productivity and accuracy. This research focuses on Taman Kobena Hall, which is managed by Majlis Bandaraya Johor Bahru (MBJB), utilizing detailed LiDAR scanning and aerial photogrammetry to create an accurate 3D model of the building. The integration of 3D GIS into the asset management system using ArcGIS software enables efficient asset registration, detailed visualization, and comprehensive data querying. The findings demonstrate that 3D visualization significantly improves asset location tracking and reduces reliance on paper-based processes, thus promoting continuous asset updates. The study also addresses the strengths and limitations of this approach. While the initial creation and maintenance of detailed 3D models require significant time and resources, the benefits of improved accuracy, better decision-making, and enhanced visualization are substantial. This research provides robust proof of the concept of integrating 3D GIS in immovable asset management and offers valuable insights for broader applications in various industries.

In this work, a comprehensive study of the peculiarities of the bankruptcy procedure of enterprises located in the temporarily occupied territories of Ukraine is carried out. The topicality of the research is due to the need of a legal response to the challenges that arose as a result of russia’s large-scale aggression, which is led to the loss of control over enterprises, and also caused legal uncertainty in the regulation of bankruptcy procedures under martial law. In the conditions of war, the additional difficulties arise that require revision and adaptation of the valid legislation. The analysis of the change has been carried out, which are inserted to the Code of Ukraine on Bankruptcy Procedures during Martial Law, which were aimed at providing legal protection of enterprises affected by the war. The legal, economic and social aspects of bankruptcy in the condition of the occupation are being considered, in particular, problems which are related to the loss of access to assets, insufficient evidence base and uncertain legal status of enterprises in the occupied territories. The special attention is paid to the main problems, such as lack of access to debtors’ property, the impossibility of conducting an inventory of assets, the inaccessibility of accounting documents, and also the difficulties with the definition of the location of the governing bodies of enterprises. Jurisprudence in bankruptcy cases during the war demonstrates the variety of the approaches, and also the significant challenges, in particular, the refusal to open proceedings due to the location of assets in the occupied territories. As a result of the research, it has been installed that for the effective regulation of the bankruptcy procedure in wartime, it is necessary to create the special legal mechanisms that will provide access to assets, and also the adaptation of judicial practice to wartime conditions. The importance of the harmonization of the Ukrainian legislation with international standards has been also emphasized. The research indicates to the necessity of further improvement of the legal system to ensure the economic stability and to protect the rights of participants of economic relations in the post-war period.

Location, location, location: asset location data sources for nature-related financial risk analysis

The development of the economy and business sector in every country in the world is a trigger for competition between companies to gain profit. This competition raises demands for the relevance and reliability of the company's financial reports that are sustainable, which are intended to avoid conflict between users of financial reports, both internally and externally, so that proper company management is needed in managing the components in the company. This writing is a descriptive qualitative research in the form of observation, interviews and documentation at PT PLN (Persero). Based on the data found that non-operating assets are still included in the status of operating assets and if not immediately proposed will increase the accumulated depreciation costs. Depreciation costs are one of the elements of the company's operational costs that affect the company's profit because they reduce revenue. In addition to depreciation costs, there are also costs that will have an impact, namely the cost of maintaining warehouse operations. Therefore, the company must develop a more efficient and effective strategy to manage these non-operating assets so as not to burden operations and financial performance in the long term. Thus, it is concluded that in the implementation of the asset management system there are still various obstacles in the form of incomplete administrative data and assets that have not been neatly inventoried and external obstacles such as irregular material returns that further complicate asset data management. So the author makes a recommendation, namely the implementation of an integrated asset digitalization system to help track the condition and location of assets more accurately, to speed up the identification process.

Europe faces a situation where housing represents the main savings for most of the population, while the majority of homeowners are seniors aged over 65. The desire to supplement pensions has led to a growing interest in generating income from these savings, with bare ownership emerging as a notable option. This solution makes it possible to transfer the ownership of the home while maintaining usufruct rights for the duration of the owner’s lifetime. This paper examines the status of bare ownership in the city of Rome by web scraping the house offers published on web portals and segmenting those offered as bare ownership. Machine learning analysis based on neural networks and binary logit regression allows for the observation of the particular behavior of the housing supply in bare ownership; it shows the different intrinsic and extrinsic characteristics that determine this Real Estate segment. The findings highlight the development of a growing market strongly influenced by the location of assets. These findings provide valuable insights for both investors and urban planners regarding changes in urban dynamics processes.

The main objective of this study is to develop a fuzzy‐based approach for building a multistage, multiproduct, and multiperiod supply chain network (SCN) after and before the COVID‐19 pandemic. The proposed model optimizes production and distribution planning under uncertainty in a multiperiod stochastic process network. The model is designed to help decision‐makers manage the green supply chain (GSC) of their organizations. It was developed using the mixed‐integer linear programming (MILP) approach. The model aims to maximize customer satisfaction in the pre‐ and post‐COVID‐19 era by reducing the total cost and delivery time they face. The model also estimates production, asset locations, order allocation, and inventory levels. Under uncertain conditions, a new probabilistic MILP model addresses the multiproduct, multiperiod SCN design (SCND) problem. The two objectives of this model are to maximize time and cost by using the concepts of total cost of ownership, activity‐based costing, and just‐in‐time (JIT) production. The model’s outputs include the quantity of goods purchased, produced, inventoried, delivered, and transported and the selection of suppliers before and after the COVID situation. A numerical example solved using the above technique is given to evaluate and validate the model and the proposed solution approach. Finally, the results of the study are presented.

The activities of contemporary financial institutions require significant geographic expansion. Even the increased level of industry digitalisation does not minimise the importance of the physical assets of financial institutions. The environmental factors specific to each geographic region can significantly influence the efficiency of operations of financial institutions. The goal of the article is to determine the impact of the geographic location of physical assets via environmental risks affecting the other risks of fintech as a representative of financial institutions. The impact is determined by the employment of the PLS-SEM model implemented in SmartPLS 4.0 software. The model determines the impact of environmental risks on governance risks, operational risks, human resources and safety risks, ICT risks, compliance risks, and strategic risks. These groups of risks form the latent variables, which comprise the experts’ estimation of threats and vulnerabilities impacts and their likelihoods. After testing five hypotheses, two of them were supported—environmental risks impact human resources safety risks and operational risks.

The New York City Department of Transportation’s (NYC DOT) spatial data gathering (SDG) program is an initiative that sought to address several issues, including providing employees with relevant work that could be done at home during the COVID-19 pandemic. This program provided NYC DOT with greatly needed spatial data on assets which would cost many hundreds of thousands of dollars to obtain if the work was contracted to a consultant—money that, because of the pandemic, was now scarce. The following pages describe a high-level overview of the methods involved in creating and sustaining the program, the metrics tracking the progress of the individual projects, and the lessons that were learned along the way. In sum, this program was able to train in-house resources that were working from home, as well as interns, to capture spatial data on the location and attributes of assets using web-based imagery and applications for both communication and the exchange of data.

The authors develop approaches to tax decentralization based on the theory of imperfect institutions by T. Eggertsson, in terms of the critically important profit tax for regional budgets of Russia. We see the goal of our research in finding a balance between the action of formal rules and informal, social norms, technologies, and models for distributing the profits of the largest Russian companies as a tax base between the federal center of Russia and the regions depending on the actual location of employees and assets. The article is devoted to the action of a successful and unique formal rule of the tax institution for the Russian Federation – the formation of consolidated groups of taxpayers (CGT). The novelty of the article lies in the study of the phenomenon of transformation of the domestic system of paying profit tax in 2023 as a replacement of one formal rule (action of CGTs) with another formal rule – the introduction of a new excess profit tax for Russia. An empirical study of the regional distribution of payments of legal entities-payers of profit tax according to the formal rules of the CGTs from among the largest Russian companies registered outside Moscow was conducted. Based on the results of the study, a general conclusion was made about the acute contradiction of the current economic policy in Russia in the content of the tax institution: between the new informal social norm on territorial decentralization of the largest Russian companies and the opposite formal rules of tax centralization in terms of profit tax. In this regard, the current policy of coincidence of territorial and tax decentralization in terms of state-owned companies in China deserves attention.

Quantifying the impact of flexibility asset location on services in the distribution grid: Power system and local flexibility market co-simulation

ObjectiveAdvanced airway management (AAM) is a critical component of prehospital critical care. Airway management in flight can be more challenging because of spatial, ergonomic, and environmental factors. This study examines the frequency of in-flight intubation (IFI), first-pass success (FPS) rates, and definitive airway sans hypoxia/hypotension on first attempt (DASH-1A) across different locations of airway management. MethodsWe conducted a retrospective database analysis of all patients transported between January 2016 and July 2021 who received AAM from a single air medical service. Patient records were reviewed for location of intubation, patient characteristics, and FPS and DASH-1A rates. The primary outcome was the frequency of IFI. The secondary outcomes included FPS and DASH-1A rates by location and type of transport asset. ResultsDuring the study period, 473 patients required AAM. Three percent (15/473) of patients were intubated in an in-flight setting, 28% (130/473) were intubated on scene, and 70% (328/473) were intubated in a health care facility. The primary reason for IFI was unanticipated cardiac arrest or clinical deterioration. The overall FPS rate was 69% (328/473), and the DASH-1A rate was 49% (194/399). Based on the location of AAM, the FPS and DASH-1A rates were the lowest for on-scene intubations (56% [74/130] and 27% [20/74], respectively). Most of the on-scene AAM took place with rotor wing flight crews. ConclusionAirway management occurs infrequently in an in-flight setting and is necessary because of patient deterioration or cardiac arrest. Based on our results, we identified opportunities for targeted AAM quality improvement and clinical governance.

The global energy industry engages in exploration, drilling, production, and abandonment activities in pursuit of crude oil and natural gas. This paper provides a methodology to optimize the location and assignment of oil spill response containment systems to limit environmental damage. Utilizing 1,802 active offshore sites and 13 eligible service depots in the Gulf of Mexico’s offshore energy basin, this study locates and assigns deployable land-based containment systems while evaluating the progressive enhancement of including additional service depots. The model solves the practical problem of locating and allocating oil spill containment systems to a global optimum. Adding service depots reduces the average distance, or travel time, of response vessels, which minimizes the dispersion of the oil spill. This study represents a critical component of a broader emergency oil spill response plan. Specifically, it addresses the preparation phase of a comprehensive oil spill response plan, which is preceded by the mitigation phase and followed by the response and recovery phases.

PurposeThe study aims to assess the effectiveness of prevailing methods for quantifying physical climate risks. Its goal is to evaluate their utility in guiding financial decision-making within the real estate industry. Whilst climate risk has become a pivotal consideration in transaction and regulatory compliance, the existing tools for risk quantification frequently encounter criticism for their perceived lack of transparency and comparability.Design/methodology/approachWe utilise a sequential exploratory mixed-methods analysis to integrate qualitative aspects of underlying tool characteristics with quantitative result divergence. In our qualitative analysis, we conduct interviews with companies providing risk quantification tools. We task these providers with quantifying the physical risk of a fictive pan-European real estate portfolio. Our approach involves an in-depth comparative analysis, hypothesis tests and regression to discern patterns in the variability of the results.FindingsWe observe significant variations in the quantification of physical risk for the pan-European portfolio, indicating limited utility for decision-making. The results highlight that variability is influenced by both the location of assets and the hazard. Identified reasons for discrepancies include differences in regional databases and models, variations in downscaling and corresponding scope, disparities in the definition of scores and systematic uncertainties.Practical implicationsThe study assists market participants in comprehending both the quantification process and the implications associated with using tools for financial decision-making.Originality/valueTo our knowledge, this study presents the initial robust empirical evidence of variability in quantification outputs for physical risk within the real estate industry, coupled with an exploration of their underlying reasons.

An optimal expansion planning of power systems considering cycle-based AC optimal power flow

Development of a spatial framework for flash flood damage assessment and mitigation by coupling analytics of machine learning and household level survey data – A case study of rapid collaborative assessments and disbursement of public funds to the affectees of floods 2022, Punjab Pakistan

The UK exhibits stark regional economic divides which have been a long running concern for policymakers. With the levelling up agenda taking shape, city-regions in the UK are developing innovation and business support policies in seeking to deliver on a range of goals from traditional productivity concerns to wider social and environmental imperatives. Drawing on interviews with key actors in the city-regions of Cardiff, Manchester and Glasgow, this paper points to an emerging directional change in innovation policy, yet we show that capacities to articulate and implement an inclusive innovation approach vary widely. The uneven landscape for innovation policy within each of the city-regions, in terms of the location of innovation assets but also the varied institutional and social legacies shaping innovation policy, is also brought into view. Central to the reshaping of innovation policy in all cases, however, are agents working in networks, fashioning narratives and marshalling data in efforts to mobilise new ways of practicing innovation policy within what remains a centralised approach to sub-national economic development.

Quick response code (QR Code) is a type of matrix code or two-dimensional barcode developed by Denso, QR Code easily helps us store all types of data, such as numeric data and alphabetic data. PT. Andalan Kreatif Utama is a company in the field of providing goods and services for security system equipment and fiber. Asset governance activities at PT. The Andalan Kreatif Utama is done using form paper then input through excel sheets by GA (General Affair). This makes GA (general affair) difficult in recording company assets, knowing age, difficulty knowing the position or location of company assets and difficulties when there is a process of replacing damage and loss of assets. The purpose of this study is to create an application that can provide information from the many assets contained in PT. Andalan Kreatif Utama and streamline and streamline the search for asset information by scanning the QR Code on the item and the web will display the results in realtime. The system development method used is Object Oriented Programming (OOP), OOP is an object-oriented programming method. Various interrelated objects will be arranged into a group known as classes. These various objects will interact with each other in order to solve complex program problems. The expected result of this study is that the implementation of asset labeling using QRcode can run optimally.

The subject of the considerations are drafts of: the EU regulation on jurisdiction, applicable law, recognition and enforcement of measures and cooperation in matters relating to the protection of adults, as well as the decision to authorize EU Member States to accede to the 2000 Hague Convention on the protection of adults concerning cross-border personal and care matters. The documents dated May 31, 2023 refer not only to the legal status of a person (e.g. partial incapacitation, guardianship, assistance in performing legal actions or functionally similar institutions under foreign law), but also the effects on civil law contracts with third parties (including rights and obligations within legal transactions). Detailed comments are presented about “measures of protection” for adults in legal transactions with foreign countries. The 2000 Hague Convention raises reflections on current trends in the sources of international civil procedure and private international law. They include, among others, the planned co-existence of the Hague convention and the EU “Brussels” and “Rome” regulations. The attempt to increase the number of parties to the convention and the participation of EU Member States generally deserve a positive assessment, which also means the ratification of the 2000 Hague Convention by Poland. However, some doubts are cast by the intention for simultaneous modification through an EU regulation. The idea of a draft EU regulation of 2023, intended to supplement and modify an international agreement for the needs of a regional economic integration organization, could prima facie be assessed positively. However, a detailed look at the draft regulation of 2023 leads to the conclusion that it should be corrected, as it partly contains provisions that are both desirable for judicial cooperation between Member States and solutions that are unnecessary or questionable. In particular, the proposed solution allowing for an unlimited choice of jurisdiction may raise doubts. It is not intended — as is typically the case in personal civil matters — that a jurisdiction can be chosen from among states that are in some way related to the adult’s current or future situation (e.g. by citizenship, location of assets, past or future residence, circumstances relating to the guardian or curator). Thus, a country (and law) may be chosen that are completely unrelated to the actual situation. Additionally, the proposed Articles 6—7 are not compatible with the conventional catalog of circumstances that determine the transfer of jurisdiction, nor with the conflict of law rules (Article 15), which provide for the choice of the applicable law in a narrower range of situations (citizenship, previous habitual residence, location of property). Under the proposed EU regulation the indirect possibility of choice of foreign law is possible through the choice of foreign jurisdiction. This makes it possible to achieve a substantive legal effect by the adult “selecting” the substantive law that he or she deems desirable at the time of choice, thus completely departing from the remaining provisions of the Convention and the Regulation in terms of jurisdiction and applicable law. There is no limitation to such an indirect choice from the perspective of the interests of third parties with whom the adult has personal or property relations. Moreover, such a solution may mean, in practice, a departure from the basic substantive legal principles of the country in which a given adult lives (habitually resides) or is a citizen, in favor of accepting the consequences resulting from a distant fact (i.e. unrelated to the actual situation) and legally (i.e. providing for axiologically different solutions concerning the broad category of ‘measures of protection’) of given law and state. Taking into account the variants of legislative action described in the impact assessment report (document 10108/23ADD), it would be worth postulating a change to the proposed method of legislative action. It seems more rational to temporally distinguish the two planned activities (projects) under option 4. First, take steps to join the 2000 Hague Convention and gather several years of experience in its operation, also between Member States. And then, in the longer term, taking into account the experience of applying the convention on the territory of the EU, consider supplementing or modifying intra-EU judicial cooperation in these matters. The longer experience of applying the 2000 Hague Convention can — firstly — verify the thesis about the need to improve its functioning, and secondly — determine precisely in which areas it would be desirable for the welfare of adults and their guardians in cross-border cases.