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Lawyers / Law Firms
World Money Laundering Report

Vortex Centrum Limited, publisher of World Money Laundering Report announces the launch of GlobalKYC.com, a new information service for banks, insurance companies, lawyers, accountants, government departments (including FIUs, prosecutors, asset recovery departments and sanctions-issuing departments) and commercial companies to identify assets that are subject to freezing order, order for seizure or confiscation orders as well as orders for the arrest of assets such as ships and aircraft.

Classification: 

Dear Uncle Bert and Aunty Gert

I'm a young intern with a political party. I'm a woman and my boss is a man. Honestly, I'm a bit confused by some of the language used and I'm not sure if some of it is innuendo.

A carefully addressed but badly worded e-mail spam has arrived and it's got the potential to suck in many users across organisations.

Editorial Staff
Publication: 

Hardly a day goes by without a report of bad conduct by one of Australia's banks. It's not as if there are many of them and the result is that each of them is in the news for all the wrong reasons on an increasingly frequent basis. This time it's ANZ with a classic of charging fees but providing no service.

Really. How is this different from someone knocking on the door of an elderly couple, telling them there's a hole in their roof and saying "I'll repair it for a price of X" but collecting the money and doing nothing?

Editorial Staff
BIScom Subsection: 

The risks to financial institutions, lawyers and accountants presented by their venture capital clients has long been recognised. But what of the risks that venture capital providers face as a result of their investments? WMLR identified a range of risks for both angel investors and those with a full VC involvement.

Global KYC - Respondent - Surname or Company Name: 

RESPONDENT

Global KYC - Respondent - Other Names or Company Number: 

Jamal Paul

Global KYC - Respondent - Aliases or business names: 

JPR Trading

Jefferson Galt

It's a hard lesson for many people to learn but here it is: terrorism can never be stamped out because terrorism works.

For the second time recently, a matter before the Solicitors' Disciplinary Tribunal in England and Wales has considered the use of a firm's clients' account for the provision of quasi-banking services. The SDT is starting to impose more substantial penalties and has clearly had enough of solicitors who fail to comply with their obligations under counter-money laundering laws and regulations. Like in the first case, the solicitor concerned is elderly and one might say that he might be considered as having carried on long-standing practices in the face of changing practice requirements and culture.

If the domain name used to send a spam and the subject line are inconsistent, that's often a guide to the probability that a the spam is also a scam. If the subject matter of the content is unrelated to a domain name that indicates a connection to a specific subject, that is also an indicator. So digital@myrountrips.net writing about "Multiple revenue streams" and "The Most Profitable Digital Currency System in the World" ticks more than enough boxes. Then we are promised no-lose crypto-currency trading.

Editorial Staff
BIScom Subsection: 

Aside from giving Digital Currency Exchanges a TLA (three letter acronym) AUSTRAC has sidestepped all the "is it, isn't it?" fuss in so many countries and stated the obvious: because digital currency is "money" in the economists' sense of the word, anyone operating an exchange is subject to the same rules and regulations as anyone operating an exchange in fiat currencies. But here's the surprise: the requirement to register with AUSTRAC and to put in place money laundering, etc compliance and risk management systems comes into force today. And the notice was only published this morning. Moreover, there is an unexpected consequence for the mainstream financial sector.

FCRO Subsection: 

We've introduced this same spam-scammer over the past few days and it's still at it. This time, however, there's no doubt what it's up to: it's trying to sell fixed return investments without any of the statutory information that's required for such promotions. But,then again, why bother complying with financial sector laws when the whole enterprise shows the signs of being fundamentally illegal?

For much of the past two weeks, BBC News has heavily featured criticism of British Labour Party and Prime Ministerial hopeful Jeremy Corbyn. The criticism has been orchestrated by some British Jews who claim that he, and some of his party, are, in their words, "anti-Semitic." The primary concern is not the treatment of Jews in the UK, but Corbyn's long and loud protests against Israel's behaviour in Palestine. Right-wing, one might argue radical, Jews in the UK are incensed. The BBC willingly provides a megaphone for them. So why has the BBC been almost silent on the subject in the past three days?

Jefferson Galt
Publication: 

When assets are frozen, seized, confiscated or, in the case of ships and aircraft, arrested, there is one major difficulty for the lawyers and state bodies obtaining those Orders. . Unlike state sanctions, those obtaining the Orders have no simple route to bring their Orders to the attention of persons, be they individuals or entities, that may be holding assets to which the Orders relate.

Today, with the launch of GlobalKYC by World Money Laundering Report, all that changes.

Global KYC - Respondent - Surname or Company Name: 

JOHNS

Global KYC - Respondent - Other Names or Company Number: 

Cedric Paul

Global KYC - Respondent - Aliases or business names: 

CPJ Building Contractors

Some other name he uses

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