Media release: Australian Consumer and Competition Commission 26 Nov 2020.
The ACCC has today instituted Federal Court proceedings against Telstra (ASX:TLS) for admitted unconscionable conduct in the sale of post-paid mobile products to Indigenous consumers.
You'd have thought that you'd heard the last of US lobbyist Jack Abramoff, the self-styled lobbyist, film producer, writer and businessman when he was awarded the coveted additional position, without which no American businessman's career is, seemingly, complete: that of convicted felon. After all, when you've been jailed for fraud, conspiracy to commit bribery and tax evasion you'd keep your head down, wouldn't you.
But then again, when your entire career has been working with dodgy businesses and doing dodgy political deals, perhaps there's nothing left to do but be dodgy over cryptoassets. A crypto-coin especially designed to be resistant to money laundering: AML Bitcoin was tailor-made for Abramoff. Now he's awaiting sentence and the company behind it is in disarray - and spending investors' money on litigation.
But what lies behind it is even more fascinating and takes us on a global trek from Las Vegas via Texas to London, Singapore and Melbourne - then across the Pacific to...
When customers spend months working with a salesman who works hard to understand their business and to tailor products and services to their specific needs, companies often cancel that relationship in favour of transferring the customer to someone with none of that understanding of the company, the product fit and, of course, the individuals involved. The question is this: does this hangover from the 1980s have a place in the modern sales environment?
The English High Court has provided an example of how difficult it is to arrange hearings in all but the simplest cases while Courts and parties are trying to come to terms with methods of containing the spread of CoVid-19. If there is ever a case study of how problematic the organisations of hearings has become, this is probably it. But, as is usual with legislation, regulation and rules - someone didn't ask enough "what if" questions. Like "what about attendance by persons outside the jurisdiction?"
31 December 2020 is a Thursday. 1 November is, therefore, Friday. The moment that is neither of them, midnight, is a pivotal moment in the history of financial services. It is at that moment that South Africa's banks become the banks that say "no." No to cheques that is. Anyone to tries to present a cheque after that moment, will be turned away.
The voice sounds vaguely Scandinavian. It claims to represent "Capital Loan."
But the calls come at the same time each day, always from a number that purports to be in Edinburgh.
Here's a list of numbers that the authorities should investigate, that OFCOM should block and that you should ban from your telephone systems. If you get more, let us know and we'll add them.
When we wrote, in early 2010, a satire suggesting that Bernie Ecclestone might improve F1's racing by adding sprinklers to tracks (here ) we didn't expect that a few weeks later he would actually say he thought it was a good idea (but he didn't mention that we'd already put it forward). But the idea gained new impetus with the 2020 Turkish Grand Prix which turned out to be almost a proof of concept - and in doing so produced a race that, visually, looked more like the crazy days of 1970s and 1980s racing before sticky tyres and near-unbreakable downforce turned the sport into an engineering arms race that is at least as important as the driver's skill.
The Hong Kong Monetary Authority (HKMA) has developed a two-year roadmap to promote Regtech adoption in the Hong Kong banking sector, as laid out in a White Paper entitled “Transforming Risk Management and Compliance: Harnessing the Power of Regtech”.
(HKMA Media Release 3 November 2020 17:45 HK time)
"Brits Are Listening To Ant McPartlin And They’re Raking In Millions From Home" screams the headline - then the e-mail launches into a pitch that is a near replica of what we've seen before. It's using Ant McPartlin as a hook but also Phillip Schofield who is currently riding a wave of publicity.
On 22 October 2020, following the settlement with prosecutors and regulators in the USA, the UK, Hong Kong and Singapore, the Board of Goldman Sachs, issued a statement on the affair.
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