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There are those that think that Politically Exposed Persons are only those currently in office. That is a silly view because a) once a PEP, always a PEP. And once proceeds, always proceeds. And proceeds taint everything they touch. If you've been taught something different, then get some proper training. Here's a spam that proves why.

Name of Crypto-asset (e.g. bitcoin, ripple) demanded by extortionist: 

bitcoin

GlobalKYC -Suspicious Wallet Number: 

1EhjD4hzLpwuHVu52ScHTJASqPdkC6SD4

This is article 4 in a series of 4. Read :
Part 1: here
Part 2: here
Part 3: here
Further Reading: here

David Singh (profile here) and Dr Shffi Mohamad (here) say that the role of the board of directors in corporations is related to supervision and planning, in particular, governance, strategic direction, and accountability. But it's more complicated than it seems.

CoNet Section: 

Yesterday we looked at how we got where we are. Today we look at how we deal with where we are as money from the cultivation and trade in marijuana becomes legal in Thailand.

The decision by Thailand to permit, indeed encourage, the cultivation and use of cannabis (within constraints) puts it at odds with all of its neighbours and all other members of ASEAN. And it raises serious concerns for banks, et al.

Advance fee fraud scams go round and round. It's been a while since the "I was in government and I have a huge secret profit from over-invoicing" fraud came around but it's back and it's libelling the head of a central bank. Or, it would be if she hadn't died last year.

BIScom Subsection: 

As governments around the world ponder the possibility of making banks liable for losses suffered by customers who are the victims of e.g. phishing scams, there are companies that actively assist the fraudsters to get away with it. Let's start at the top: Google.

All the signs are here but central bankers are either in denial or doing exactly the wrong thing.

CoNet Section: 

Clearview AI Inc. is a company that collects facial images from a disparate range of sources and makes them available to its customers.

The UK's data protection department, the Information Commissioner's Office, has banned the practice within the UK. The UK acted in concert with the Office of the Australian Information Commissioner. The investigations focused on Clearview AI Inc’s use of people’s images, data scraping from the internet and the use of biometric data for facial recognition.

What effect might that have on remote verification?

FCRO Subsection: 

"Go back to the data." "The answer's in the data." "Data is the key".

Maybe.

Until it goes wrong.

FCRO Subsection: 

This week, Nigerian President Muhammadu Buhari has signed three Bills, bring them into law. Bucking the global trend to try to incorporate multiple aspects of financial crime law into a single piece of legislation, the new Acts are the Money Laundering (Prevention and Prohibition) Act, 2022, the Terrorism (Prevention and Prohibition) Act, 2022, and the Proceeds of Crime (Recovery and Management) Act, 2022. But the word of the day is "irony."

Don't say that: 

unwanted when you mean "unjustified"

Do say this: 

unwarranted when you mean, er, unwanted.

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