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We haven't seen this one for a while, or rather we've not seen it in this format.

The simplest and oldest 419 scam is back in time for Christmas.

And once more, Google is complicit. Look at the "reply to" address. How is not possible that they are not required to identify and block things such as this? Oh, yes. They say "we are google. We are big. You can bog off."

FCRO Subsection: 

The news (Al Jazeera) that Zimbabwe's sortie into restoring its own currency is in crisis is extremely unwelcome.

Just as we saw in Russia in and about 1997 there is rampant inflation (now reaching 800%) and the local currency being eschewed in favour of US dollar bank notes.

Strict controls are now being imposed on so-called peer-to-peer payment systems.

FCRO Subsection: 

The Australian Securities and Investment Commission has alleged that unlicensed financial advice is being given in relation to the development of property by a company headquartered in Perth and that it relates to an unlicensed investment scheme. The facts as set out by ASIC imply other issues, too. ASIC has frozen the assets of Monica Kaur, MKS Property Investments/Developments Pty Ltd (MKS Property), Paradise Property Group Pty Ltd (Paradise Property) as well as against Sadu Singh, Melvin Paul Singh and Stephanie Lee. All but Lee have been banned from leaving Australia.

BIScom Subsection: 

"Callum Reece akhil"@vitelglobal.com is an interesting e-mail address.

But this is who an offer for loans purportedly comes from.

The reply-to address is akhil@vitelglobal.com - which makes the "from" address all the more strange and suggests that someone's e-mail account has been hijacked. Will the real Callum Reece please stand up?

BIScom Subsection: 

The so-called 419 scam is not the only fraud that has a long history of coming out of Nigeria - and other countries. The old "we'll get your stuff past inspection" was a major money spinner but another, even more lucrative one, has just landed. We've not seen it for a very long time.

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iSignthis is not an Apple device. Nor one of those iMassage services with mobile phone numbers spray painted on walls. It's an interlocking set of companies with iSignthis Limited listed on the Australian Stock Exchange (ASX) and the Frankfurt Stock Exchange. ASX and the Australian Securities and Investment Commission says it's been naughty. So what? So its customers are financial institutions buying in outsourced regulatory risk and compliance services in relation to e.g. financial crime.

Fintech, Regtech and the risks they present to your business.

It's the ultimate dream for motor racing fans and for a driver paying his dues in a tail-end-charlie team, even more so: the call comes from the boss of the most dominant team the sport has ever seen which is seemingly getting better and better. How do you fancy a drive this weekend? a voice at the other end of whatever is the modern equivalent of the line. Of course you say "yes." Sure, their car is designed to be the fastest in practice and to win from the front; sure their pitstops aren't as fast as you are used do; sure it's the same engine as has been helping you trudge around trying not to get lapped but the package it's in and the team around it are, somehow, in a different league and no one in your present team knows why - for sure, it's not dedication and sacrifice.

So, of course you say yes. Welcome to the week when George Russel's dreams came true - then were dashed in a series of critical errors by the Mercedes team and a couple of bits of bad luck.

CoNet Section: 

Media Release 1 December 2020 18:00 HK time.

Temporary suspension of the Coin Cart services

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We have often made jokes at the expense of Roman Crashjean, as we dubbed him. Grosjean's career in F1 has been long for someone with so little success and so much carnage behind him. Having been told he was being replaced at HAAS F1 at the end of the season and there being no seat available for him in another team for 2021, it seemed as if he would go off into the sunset, another driver who was just kind of there.

But today he is written into the annals of F1 history, recollections embedded into the memories of everyone who was in front of their televisions, settled down for an afternoon's racing around the Sakhir circuit. For this was the day that no one wants to happen - and for which everyone in the sport has been preparing. Not just Grosjean, the Gross Un, the big one. And he walked away, battered, bruised, burned but fundamentally OK.

The world breathed out.

CoNet Section: 

Media release: Australian Consumer and Competition Commission 26 Nov 2020.

The ACCC has today instituted Federal Court proceedings against Telstra (ASX:TLS) for admitted unconscionable conduct in the sale of post-paid mobile products to Indigenous consumers.

CoNet Section: 

You'd have thought that you'd heard the last of US lobbyist Jack Abramoff, the self-styled lobbyist, film producer, writer and businessman when he was awarded the coveted additional position, without which no American businessman's career is, seemingly, complete: that of convicted felon. After all, when you've been jailed for fraud, conspiracy to commit bribery and tax evasion you'd keep your head down, wouldn't you.

But then again, when your entire career has been working with dodgy businesses and doing dodgy political deals, perhaps there's nothing left to do but be dodgy over cryptoassets. A crypto-coin especially designed to be resistant to money laundering: AML Bitcoin was tailor-made for Abramoff. Now he's awaiting sentence and the company behind it is in disarray - and spending investors' money on litigation.

But what lies behind it is even more fascinating and takes us on a global trek from Las Vegas via Texas to London, Singapore and Melbourne - then across the Pacific to...

When customers spend months working with a salesman who works hard to understand their business and to tailor products and services to their specific needs, companies often cancel that relationship in favour of transferring the customer to someone with none of that understanding of the company, the product fit and, of course, the individuals involved. The question is this: does this hangover from the 1980s have a place in the modern sales environment?

CoNet Section: 

31 December 2020 is a Thursday. 1 November is, therefore, Friday. The moment that is neither of them, midnight, is a pivotal moment in the history of financial services. It is at that moment that South Africa's banks become the banks that say "no." No to cheques that is. Anyone to tries to present a cheque after that moment, will be turned away.

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