Log In | Subscribe | | |


GlobalKYC.com is crowd-sourced information for the financial crime risk management community.
Click here to add suspicious crypto assets to the Register

The Philippines Central Bank, Bangko Sentral ng Pilipinas, says that is has seen continued growth in remittances from Filipino workers overseas as the effects of the global financial crisis are factored out - but in March, the rate of growth was slower than in February.

BIScom Subsection: 

When the UK started charging purchase tax on cars, Colin Chapman found a loophole: if he sold his Lotus cars in kit form, buyers did not have to pay the tax. Caterham Cars started their business as an early - perhaps the first - dealer for Lotus Cars, building kits of the Lotus Seven for customers who didn't trust themselves to build the car from a kit.

CoNet Section: 

When a private investigator approached a "friend" who worked in a bank and asked for information relating to the accounts of a politician, the clerk was willing to help. She says she thought she was helping the police when "Ramesh" asked for the information. It's the first prosecution of its kind in Malaysia.

BIScom Subsection: 

As the USA's crisis over the failure of Congress to finalise a Federal budget, the US Federal Courts system is one of those on the front line. What will happen if Congress fails to solve the problem tomorrow (8 April).

CoNet Section: 

Canada is a wonderfully peaceful place - most of the time. But outlaw motorcycle gangs and widespread cannabis cultivation are omnipresent threats. No one expected to find similar problems in New Zealand - until yesterday.

As off-site storage of hard copies becomes more common - as does outsourcing of document destruction - the question of liability for loss and / or security breaches becomes ever more important. A US insurance company has designed a policy specifically for that industry.

Desiree Brown, the former treasurer of a private mortgage lending company, Taylor, Bean & Whitaker (TBW), has pleaded guilty to conspiring to commit bank, wire and securities fraud for her role in a more than USD1,900 million fraud scheme that contributed to the failures of Colonial Bank and TBW.

SAAB, now free of its GM constraints and in ownership of specialist sports car maker Spyker is to reintroduce the Griffin, this time as a variant of the new 9-3 model

CoNet Section: 

Authorities in the UK and Switzerland are taking steps to freeze bank accounts and other assets owned or controlled by or connected to Libya's Colonel Gadhafi, his relatives and associates.

It sometimes seems as if the one company you don't want to be if you are a car maker is Toyota. Having admitted last year that it put innovation and a rush to market ahead of its traditionally prudent, quality driven, commercial strategy, the announcement that it more than a million and a half cars have faults requiring recall causes yet more damage to the company's once mighty reputation.

CoNet Section: 

A fascinating case in Massachusetts, USA, has defined, in that state but with persuasive force elsewhere, the question of when a person is "practising law." It has widespread implications: struck off or suspended lawyers are effectively banned from earning a living from their accumulated skill and knowledge while lay advisers are free to offer the same services even without the same skills and experience.

CoNet Section: 

The USA's Securities and Exchange Commission has started proceedings against David M Tamman, a lawyer and partner with Greenberg Traurig LLP of Santa Monica, California, alleging improper professional conduct during an SEC examination.

CoNet Section: 

The Nissan Leaf may be a great car (Nissan haven't given us one to drive yet) but as the UK disappears under another snow storm, it's clearly not the car for this year, or at least not this winter.

CoNet Section: 

The Amazon Defense (sic) Coalition (ADC) is a pressure group that doesn't just wash its dirty linen in public, it makes a point of waving it around so as many people as possible see it. The ADC is a largely amorphous group claiming "a group of Amazonian grass roots organizations and communities who have joined to defend and sustain our peoples and environment through unification of our forces and the integration of the entire Ecuadorian Amazon."

CoNet Section: 

A barrister, charged by Hong Kong's Independent Commission Against Corruption (ICAC), was today (Tuesday) sentenced to one year's imprisonment at the District Court for attempting to steal more than HK$30,000 from two foreign clients by claiming that the sums would be used for hiring a Queen's Counsel (QC) for them.

CoNet Section: 

Pages

 


 

Amazon ads

| |

 

hahagotcha