Log In | Subscribe | | |

Yesterday, Singapore passed its Serious Crimes and Counter-Terrorism (Miscellaneous Amendments" Bill. The Lion City's approach to suspicious assets has logic on its side, but it doesn't work in practice. Here is WMLR's analysis of the relevant parts of the Act and its consequences, including risk for compliance / risk officers.

The city of New York has issued civil proceedings against five of the largest oil companies alleging that they are responsible for climate change and passing the resulting costs onto local governments. Others are joining in with California being the latest to sign up.

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

Bitcoin

GlobalKYC -Suspicious Wallet Number: 

1H9bS7Zb6LEANLkM8yiF8EsoGEtMEeLFvC

Global KYC - Respondent - Surname or Company Name: 

SFA Aviation Inc.

Global KYC - Respondent - Other Names or Company Number: 

123456789ARGH

Global KYC - Respondent - Aliases or business names: 

WeSmuggleAnything.com

Global KYC - Respondent - Surname or Company Name: 

JOHNS

Global KYC - Respondent - Other Names or Company Number: 

Cedric Paul

Global KYC - Respondent - Aliases or business names: 

CPJ Building Contractors

Some other name he uses

Global KYC - Respondent - Surname or Company Name: 

RESPONDENT

Global KYC - Respondent - Other Names or Company Number: 

Jamal Paul

Global KYC - Respondent - Aliases or business names: 

JPR Trading

"She was the sort of woman that, if she told you do do something, you did it," PC Robert Carter is reported to have said when asked why he helped his mother, Tamara Carter, to launder the proceeds of criminal conduct from which she received some GBP850,000. A finding of Gross Misconduct at a disciplinary hearing, plus his mother's conviction, suggest that the constable might shortly be receiving a visit from his former colleagues, perhaps even before the Metropolitan Police decide on his penalty. There's an interesting facet to the Board's decision.

Case Summary: 

A man who, as he saw it, was demoted exercised unauthorised access to computers at his workplace and deleted important files. Later, after he resigned, he again accessed the company's computers and deleted more files including back-ups held by an independent third party. As a final act, he deleted even more files with a single "wipe" command aimed at a PC at the company's head office.

Type of conduct: 
Computer crime

One has to wonder whether being listed on Microsoft's Bing search engine is worth the trouble. It's stupid and it slows down websites generating log entries that look suspiciously similar to those created by hackers and spambots. It's time to decide whether to simply block BingBot from all access to sites and accept that means an absence of web presence (except there are a couple of tricks that can keep web presence while keeping BingBot away from active sites).

CoNet Section: 

An Australian estate agent / property developer Rick Otton and a company of which he was a sole director, told people how they could make money by buying and selling houses. We Buy Houses Limted and Otton have just been ordered to pay a whopping AUD18 million for telling porkies.

CoNet Section: 
Publication: 
Editorial Staff

It's pretty clear - when senior officers of businesses travel, they carry with them the attitudes from home, but add new ones. Here are our top five things visiting executives get wrong when they visit overseas offices, etc.

This is just silly. We own dozens of domain names and we manage a handful for friends and family because it's convenient, we can include them on our data protection system and deal with domain admin within our own processes rather than them have to do it. As a result, we get a lot of correspondence from domain hosts and domain registrars, especially as we are moving all the domains and websites, in batches, from one unsatisfactory host to a far better one. In addition, we also get notices from ICANN which really hasn't got a grip on this GDPR thing at all.

CoNet Section: 

Pages