Log In | Subscribe | |

Yesterday, Hamas, which now has effective political control over those parts of Palestine that Israel does not occupy, issued a landmark statement which announced its new Charter. It was an amazing document, with almost everything that Israel could reasonably expect from a peace treaty, except the inevitable refusal to acknowledge an Israeli state as a legal entity, while acknowledging it as a fact. It was such a departure from the previous position, that only the most radical and racist Israeli could possibly dismiss it out of hand. So Israeli president Netanyahu did just that. The BBC simply gave this extraordinary news such a low priority that it does not appear on any of its early...

Editorial Staff
Publication: 

Continuing our analysis of AFP v Ganesh Kalimuthu & Anor

For part one see here

The case is said to be on its own facts but the Court was not invited to consider all the relevant facts. It is therefore a narrow judgment. It is a precedent but it is not a comprehensive precedent and creates an open door for international transfers of large amounts of money with impunity.

Six days ago, on LinkedIn, I posted the following.

"Saw a job ad for "Head of Financial Crime" at an "international bank." Seems that even banks need someone to help them break the law efficiently and effectively now :) Perhaps "Financial Crime Risk Officer" might be a better job title."

It has gained many, many times the views of my more valuable posts. And as a result has provided useful data as to the benefit of LinkedIn for spreading information which, of course, is intended to have some positive benefit on business.

Nigel Morris-Co...
Publication: 
Classification: 

My husband and I are in our mid 40s with two children. We moved from one country to another for economic reasons and after some years my husband thought it would be better for our children to grow up in a bigger, more diverse country. So I gave up my well paid job and we moved. But neither of us can find work in our new country. Our resources are dwindling. I don't know what to do.

The facts of the case of Commissioner AFP v Ganesh Kalimuthu & Anor [2017] WASC 108 are superficially simple but that simplicity belies a state of affairs that is not at all straightforward. It involves cross-border payments, the use of an unlicensed money transmitter thinking him to be licensed but which turned out to be a hawala-style transaction of the sort that criminal gangs developed in the Philippines to facilitate expatriation of proceeds of illegal gambling. Now someone has given it a name - the especially stupid name of "cuckoo smurfing." The AFP made a logical decision to freeze moneys but the logic has been defeated by the Court. WMLR looks at the case which, at least in part, is a reflection of the dreadful drafting of Australia's Proceeds of Crime Act 2002.

I've had to watch a recording of yesterday's race before I could write a fair piece. And that's because, twice, I fell asleep during the race. At least with a recording, when I fell asleep again, I could go back and see the parts I missed. There has not been such a race of nothingness for .. well, since Bahrain 2010. Seriously.

CoNet Administrator
Publication: 

Russian President Putin, who it is generally accepted was at least instrumental in the shooting down of Malaysia Airlines MH17 seems to think it's OK to bash the South East Asian country. His comments to a driver for team the name-sponsor of which is a Malaysian oil company, demonstrated an astonishing lack of sensitivity: is he simply callous or is he trying to inflame passions?

Bryan Edwards
Publication: 
Publication: 
Editorial Staff

How much do you hate e-mail? What between scams, unsolicited commercial mail and random weirdness, what turns you off so you don't even read the mail? Here's five. Members .. add your own pet peeves.

In armed conflict, where innocents are killed or injured as a necessary side-effect of a just attack (sez them), it's termed "collateral damage." In US President Trump's tax plan, criticisms are being centred on the benefits that will flow to people and organisations like Trump and his corporations but they are the recipients of "collateral benefits" from policies that will benefit hundreds of millions of Americans. Here are the facts from an entirely impartial source.

Nigel Morris-Co...
Publication: 

It's very clear that, when Britain is outside the EU, there will be changes to the legal and regulatory framework applicable to, amongst other industries, its financial services sector. It is therefore obvious that UK banks must have representation in Frankfurt where the ECB is based. Not only is this not new, it's not even a tiny little threat to the UK financial sector, no matter what the media says.

Editorial Staff
BIScom Subsection: 

A form of scam spam has come to our notice this morning. It is unusually convincing and clever.

It purports to come from Scotia Bank's secure e-mail service but, obviously, it does not.

Details below.

Editorial Staff
Publication: 

In 2008, the USA removed North Korea from its list of State Sponsors of Terrorism. But as relations between KIM Jong Un and the rest of the world reach worrying levels of tension, the USA is getting ever closer to putting it back on the list. What does it mean and why are Malaysian banks exposed to a particularly high level of risk?

Pages

 


 

Click the Ad: the link opens in a new page

hahagotcha