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GlobalKYC.com is crowd-sourced information for the financial crime risk management community.

The Australian Securities and Investments Commission "has compulsory information gathering powers to require disclosure of information. This power may be exercised in respect of our regulatory work. However, information that attracts a valid claim of Legal Professional Privilege (LPP) does not have to be provided." ASIC has released an information sheet explaining the position.

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Facebook is to remove the facility for users to hide their profile from public searches. And that's not the only change the company is making in its latest round of alterations.

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We're going to have to wait for regulatory filings, leaks or careless whispers to find out exactly what's happened. But there's what seems to be good news from the warzone where Apple and HTC have been butting heads.

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Internet fraudsters migrate from service to service, using the safety and security provided by anonymous e-mail services. A review of fraudulent accounts at a number of sites has shown that the current favourite is hotmail.com. Nigel Morris-Cotterill, a money laundering risk management strategist, calls for proper policing of free e-mail accounts and domain registrations, saying that the present free-for-all should end.

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Given Ferrari's history of stress-testing and even breaking the rules, often with the support of stewards and the FIA, it's a bit rich that they asked the FIA to review the stewards' decision over a pass by Sebastian Vettel on Verne in the Brazilian Grand Prix.

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How do they do that? It's usual for motor racing circuits to have a micro-climate and no one has ever been able to understand why it is so. But when MotoGP reported from Sepang that "the track was dry by 11:30" yesterday, Kuala Lumpur city centre, just 40 km away was settling in for heavy rain that brought city traffic to a standstill.

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In one of the least surprising announcements as to 2013 drivers, the Williams F1 team has confirmed Pastor Maldonado and Valtteri Bottas will pilot its cars next year. So Bruno Senna is looking for a new seat.

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Fans were exhausted, commentators were breathless, drivers were either elated to seemingly dangerous degree or as flat as a flat thing. And all because the Brazilian Grand Prix, the last race of the 2012 Formula One season, was impossibly exciting. If anyone ever mentions a traffic-light grand-prix, tell them to watch this for the moments the lights went out, the world went crazy. And it didn't stop until the leaders had already finished

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An email purporting to come from Apple's iTunes frightens victims into clicking on a malicious link - it tells them their credit card has just been hit with a large charge.

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A fraudulent e-mail headed "Alert! Your email will be blacklisted soon" and purporting to have been sent by an address at spamcop.com is circulating.

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The English High Court has named four solicitors who have fallen foul of the Court's requirements when issuing immigration appeals.

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It's all becoming a little too Orwellian. When the previous, Labour government created the "Ministry of Justice" it sounded more 1984 than we were comfortable with. After all, the whole point of the various ministries in the book is to deliver the opposite of what their name promised. Recent changes to costs are removing access to justice except for those that can pay.

And it's all building up to look like a raid on solicitors' firms.

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Phishing scams are nothing new and nor are drive-by browser attacks. They usually involve a simple landing page injected into an insecure website which either effects the scam or attack or diverts the victim to another page. This one is different.

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FinCEN and FDIC have assessed First Bank of Delaware to a USD15m civil penalty as a result of breaches of the Bank Secrecy Act and other counter-money laundering laws and regulations. The bank has also settled DoJ charges.

Before the US Grand Prix at Circuit of the Americas in Austin, Texas, there was much criticism of the track: overtaking would be difficult, the tyres chosen by Pirelli were wrong, the tight corners into long straights would lead to bunching and then a train down the straight, and so on. They were wrong.

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