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There is a fascinating case before the US Supreme Court relating to confiscation of assets used in furtherance of a crime as distinct from proceeds of criminal conduct. Oral argument took place last week and there is a transcript and recording here:


FCRO Subsection: 

FAQ number 84 (kidding). How do I open two Notepad++ files side by side? Read on.... This is how to do it.

Don't say that: 

"Some people are weary of the new ideas"

Do say this: 

"Some people are wary of the new ideas"

There will be some in Formula One who will miss Force India but there will others who won't. It's a name that has close to zero connection with the team and that's been the case for a while, even before the companies behind it collapsed and were rescued by, amongst others, Lawrence Stroll. This week, it was made clear: the misnomer will come off the cars at the first opportunity and Stroll's will, at least to a degree, appear on one of them.

CoNet Section: 

OK, so the headline's a bit click-baity. This is what happened: a pal and I were chatting about Deutsch Bank and he said that he wondered what investigators might find about Trump and his dealings with Russia.

CoNet Section: 

Maybe Floyd Mayweather has been hit in the head too many times. The USA's Securities and Exchange Commission describes him as "a well-known professional boxer." The "well-known" bit is perhaps an understatement: his social media "reach" in 2017 was huge: 21 million "followers" on Instagram, 7.8m on Twitter and 13.4 m on Facebook. So when he said "hey, this is a good idea," it carried far more weight than his slight frame. When people talk about "fame" and "fortune," they might have been talking about Mayweather's return to the ring for one fight only but he used that fame to be paid for boosting crypto-currency ICOs.

BIScom Subsection: 

According to the USA's Securities and Exchange Commission, Khaled Khaled (male) is "a well-known celebrity music producer known as “DJ Khaled." So, that's the SEC marked out as fans, then.

And just to prove it, the SEC has done a deal following its favourite things "without admitting or denying the allegation" specifically expressed to be "pursuant to [the] Respondent's Offer of Settlement and are not binding on any other person or entity in this or any other proceeding." That means, no one who suffered loss can rely on the deal to support their case. Nice one, America.

BIScom Subsection: 

With the superficial attitudes of commentators on all sides of the media divide pushing risk and compliance professionals in the direction of their fashion-driven topics, it's useful to remind readers that while they are focussed on the next big thing, past big things remain a threat. Pump and dump is an example of market manipulation and, of course, a predicate crime for money laundering or, even, funding future crime including, possible, terrorist activity. What is even more surprising is that the same names crop up repeatedly but they never go to jail.

BIScom Subsection: 

Microsoft's policy of forcing users who have purchased licences for their operating system, Windows, by abandoning support (including security support) has now reached the millions of users who continue to rely on Windows XP and Vista. Now, Mozilla, which produces the very popular Thunderbird e-mail client and upon which many businesses rely, has released its latest version, 60, and announced that it, too, is to abandon users of these widely used operating systems.

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


GlobalKYC -Suspicious Wallet Number: 


It's almost too convenient: as the USA tries to find support for its push against Iran, the USA has managed to find two men it says were behind major ransomware attacks ranging from 2015 until September 2018. They are Iranian.

Even more bizarre is that some nit at the FBI thinks that a US assistant Attorney General is being original, perhaps even clever, by calling ransomware attacks "21st Century Blackmail." There are some who will be delighted at the news: US President Trump and his pro-Israeli groups...

CoNet Section: 

There's a company that wants to build something a bit like Ted Talks. They are called SERMEx and every few days, they issue a "call for papers." It might be interesting. if we could understand what their email says.

See if you've any clue.

CoNet Section: 

A former financial planner from Melbourne, Australia, has been prosecuted by the regulator the Australian Securities and Investments Commission (ASIC)

BIScom Subsection: 

Originally, we wanted to put this into our satirical section because it's so stupid but actually it's more worrying than funny so.. read on.

It's not rocket science. Ever since (I think) 1998 when the BBC's lawyers blocked an explanation I gave to BBC TV on how the nature of HTML facilitates on-line fraud (the feared that it would increase the number of criminals using it) criminals have, indeed, used certain features of HTML to hide what they are up to and ordinary people have lost many millions of dollars and have suffered innumerable attacks on their computers simply because of one, very simple, trick, writes Nigel Morris-Cotterill

CoNet Section: