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Yesterday, US President Trump announced the long-telegraphed withdrawal of the USA from the Iran nuclear sanctions agreement, known as the Comprehensive Plan of Action. According to the US Treasury "The President confirmed that the US will begin the process of re-imposing all US sanctions previously waived under the JCPoA." That's going to cause huge complexity for businesses all over the world because no other government of any international importance is adopting the USA's position. Also, there's a gold-rush about to start.

World Money Laundering Report
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One has to wonder what is happening at FinCEN's media room. As if its abolition of the possessive apostrophe in its emails isn't illiterate enough, they often make no sense. Here's an example in which both the English (American, we should say) doesn't make sense and the subject matter is, well, bemusing. Here comes the tech bit..

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FinCEN's biggest problem is that it is incredibly low profile and hardly anyone knows what it is or, even, in broad terms what it does. That's been its problem since its early days. For years it dined out on the single case that really hit the news: the Black Market Peso Exchange but that was old hat even in the late 1990s. Now it's got a new plan and it's aping, well, everyone else who wants to get their name in the papers. (free content)

The news that Australia is to be the latest country to limit, in some circumstances, cash transactions above a certain financial limit has raised some questions. WMLR takes a critical look at some comments.

Yesterday, the USA's President Trump announced that the US would leave the Joint Comprehensive Plan of Action a.k.a. the Iran Nuclear Deal. Below is a list of resources.

Editorial Staff
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For the past week, all the news in Australia has been about the huge give-aways planned for today's budget. Every single news broadcast since Thursday has had the story up front and pushed a message that for the first time in years, there is money in the kitty and the government intends to spend it. But the big stories are about tax reform and measures against tax evasion including banning large cash transactions. That's the headline. It's not quite the reality and, as always, a budget speech is a declaration of intent not fully reasoned legislation. Even so - it's a significant move. (edited)

Recent collapses in criminal cases in the UK and Australia have been the result of prosecutors failing to deliver all evidence within their control or knowledge to defence teams. But there is another side to the story - the not mythical death by paper where so much evidence is delivered that the defence cannot handle it or identify the nugget in that mountain that would aid their case.

Book: Sun Tzu and the Art of Litigation

Editorial Staff
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On 19th April, Australia's newest national bank, Members' Equity Bank a.k.a. ME Bank, announced that it was to increase its interest rates on existing home loans, with effect from 19th April. Then it made a silly error. Given that the banking sector in Australia is under the most intense scrutiny and that it would be logical to assume that, if at any time, this is the time where banks will double, triple even quadruple check their actions, the stupidity of the error raises a serious question: is the financial sector in Australia simply under-skilled and, therefore, unfit for purpose?

Editorial Staff
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On 20th November 2012, HP issued a press release saying "“HP is extremely disappointed to find that some former members of Autonomy’s management team used accounting improprieties, misrepresentations and disclosure failures to inflate the underlying financial metrics of the company, prior to Autonomy’s acquisition by HP." That started a large pile of poo rolling downhill and, as we found out this week, Sushovan Hussain, Autonomy's Chief Financial Officer, was at the bottom of that hill.

The UK's Financial Conduct Authority has, far too late, waded into the scandal over businesses that offer completely unnecessary, and very costly, services relating to the mis-selling of Personal Protection Insurance. The industry around selling what amounts to little more than form-filling assistance and which has collected in excess of GBP1,000 million, has force-fed advertising and is now ramping up the pressure on those who have not yet made a claim. The FCA has countered with its own advert. It's rubbish and in the wrong place.

Editorial Staff
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We've been down this road before: Australian Securities and Investments Commission (ASIC) has taken action against auditors of self-managed
superannuation fund (SMSF).

Coupled with the evidence before the Royal Commission one thing is clear: ASIC's mandate is fundamentally flawed and a new model must be created ASAP, not ASIC.

Editorial Staff
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Case Summary: 

A company operating outside the UK obtained contracts in another country by means of corrupt payments made to diplomats of that country. That company was later bought by a UK company which meant that the transactions came within the jurisdiction of the UK authorities and courts. A UK court ordered that the diplomats must pay back the benefits they received calculated at GBP4.4 million. Once recovered, the money will form part of the UK's directed aid budget for the country.

Corruption

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Trainings

Do say this: 

Training, courses, lessons,..

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You'd have to be an idiot not to recognise this mail as spam. But that's not the dangerous bit. The spam is identified as containing malware Sanesecurity.Scam4.874.UNOFFICIAL (DO NOT search for it: read on for why). We wouldn't bother reporting another, simple, spam-scam but this one isn't simple and there's a whole ecosystem behind it that only multiple layers of security, working together at server level and at desktop level, were able to protect us from. That was where this writer did something stupid, thinking he was doing something interesting. This attack arrived with us within the past hour and is therefore currently active. **Free Content**

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The world and his dog seem to be creating apps for you to get food deliveries from restaurants and take-aways. But the fad is already over. Here's five reasons why.

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