Asset recovery practices in combating money laundering: evidence from FATF mutual evaluation report of FATF member countries of Asia pacific region

Purpose This study aims to understand the member countries’ current asset recovery mechanism based on two elements, namely, confiscation policy and asset recovery management framework. Design/methodology/approach Content analysis was performed on the Financial Action Task Force (FATF) Mutual Evaluation Report (MER) of eight countries. Findings The result showed that only a few countries established a centralised asset recovery centre or special task force to manage recovered assets. Research limitations/implications This study is limited to information mentioned in the FATF MER. Practical implications This study highlights the need to have a centralised asset recovery management centre as an initiative to improve the outcome of money laundering investigations. The study findings will benefit regulators to understand further the practical challenges of the asset recovery mechanism for future improvement. Originality/value FATF recommends that each country establish a centralised asset recovery centre and work closely with the investigating officers and prosecutors in deciding on assets confiscation. However, the implementation is contingent on their local environment and resources at the member countries’ discretion. Therefore, this study aimed to understand the member countries’ current asset recovery mechanism based on two elements, namely confiscation policy and asset recovery management framework.

Insights into Oil Recovery Mechanism by Nothing-Alternating-Polymer NAP Concept

This paper discusses the application of polymer injection in a heavy oil reservoir in the South of the Sultanate of Oman containing oil with a viscosity of 300-800cP underlain by a strong bottom-up aquifer. Due to unfavorable mobility ratio between aquifer water and oil and the development of the sharp cones significant amount of oil remains unswept. To overcome these issues, a polymer injection pilot started in 2013 with three horizontal injectors, located a few meters above the oil/water contact. Initially a polymer solution with a viscosity of 100 cP was continuously injected at high injection rates. However, it was challenging to sustain the injectivity mainly due to surface facilities, water, and polymer quality issues. This resulted in frequent shutdowns of the injectors. Interestingly, the water cut reversal and oil gain continued during the shut-in periods. This observation has led to the development of a new cyclic polymer injection strategy, in which the injection of polymer is alternated with shut-ins. The strategy is referred to as Nothing-Alternating-Polymer (NAP). This paper discusses the oil recovery mechanism from the NAP strategy. A 3D model was constructed to match the actual pilot results and capture the observed behavior. The injected polymer squeezes the cones and partly restores the barrier between the aquifer and the oil column, suppressing the aquifer flux and hence the negative affect of the cones. It was found that during polymer injection, the oil is recovered by conventional mobility and sweep enhancement mechanisms ahead of the polymer front. Additionally, during this stage the injected polymer creates a barrier between the aquifer and the oil column, suppressing the aquifer flux and hence the negative effect of the cones or water channels (blanketing mechanism). Moreover, injection of polymer pushes the oil to the depleted water cones, which is then is produced by the water coming from the aquifer during shut-in period (recharge mechanism). During the shut-in or NAP period, the aquifer water also pushes the existing polymer bank and hence leads to extra oil production. The NAP strategy reduces polymer loss into aquifer and improves the polymer utilization factor expressed in kg-polymer/bbl of oil, resulting in a favorable economic outcome.

Implementation of Digital Marketing for Economic Recovery of Micro Small Enterprise after Covid-19

The most important thing that needs to be considered in a pandemic is the economic sector recovery mechanism due to the lockdown policy, especially in Indonesia. This lockdown policy is an anticipatory step from the Government to the chainbreak of Covid-19s spread. The application of digital marketing at a strategic level is carried out as an alternative solution to traditional marketing becomes more comprehensive. So, this research aims to build and develop a model that is ideal for micro-enterprises adoption in Indonesia. This research uses an exploratory qualitative approach. Data sources were obtained through observation, interviews, and literature studies. The micro-enterprise adoption process comprises (1) the initiation phase, (2) the decision-making phase, and (3) the outcomes phase. The advantages of this program are (1) increase trust from existing customers and acquiring potential new customers, (2) novelty in technological sophistication, (3) expanding market share, and (4) increasing competitiveness.

Enhanced Oil Recovery by Hydrophilic Silica Nanofluid: Experimental Evaluation of the Impact of Parameters and Mechanisms on Recovery Potential

Nanofluids as an EOR technique are reported to enhance oil recoveries. Among all the nanomaterial silica with promising lab results, economic and environmental acceptability are an ideal material for future applications. Despite the potential to enhance recoveries, understanding the two-fold impact of parameters such as concentration, salinity, stability, injection rate, and irreproducibility of results has arisen ambiguities that have delayed field applications. This integrated study is conducted to ascertain two-fold impacts of concentration and salinity on recovery and stability and evaluates corresponding changes in the recovery mechanism with variance in the parameters. Initially, silica nanofluids’ recovery potential was evaluated by tertiary flooding at different concentrations (0.02, 0.05, 0.07, 0.1) wt. % at 20,000 ppm salinity. The optimum concentration of 0.05 wt. % with the highest potential in terms of recovery, wettability change, and IFT reduction was selected. Then nano-flooding was carried out at higher salinities at a nanomaterial concentration of 0.05 wt. %. For the mechanism’s evaluation, the contact angle, IFT and porosity reduction, along with differential profile changes were analyzed. The recovery potential was found at its highest for 0.05 wt. %, which reduced when concentrations were further increased as the recovery mechanisms changed and compromised stability. Whereas salinity also had a two-fold impact with salinity at 30,000 ppm resulting in lower recovery, higher salinity destabilized the solution but enhanced recoveries by enhancing macroscopic mechanisms of pore throat plugging.