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The Australian Securities and Investments Commission (ASIC) and Queensland Police Service (QPS) have worked together to identify those with criminal histories and continued connections with suspected criminal activity who also hold company directorships, including directorships of private companies: then ASIC has removed them from their boards. The action is designed to limit the use of corporations in the commission of crimes, including money laundering.

It's pathetic: according to a report in The Law Society's Gazette, the official publication of the Law Society of England and Wales, "The Legal Sector Affinity Group, whose members include the Law Society and Solicitors Regulation Authority, has told the Treasury that a ‘sensible supervisory approach’ to the new regulations would give firms and individuals time to adjust to their new obligations." Apparently the membership body and the regulator haven't had time to prepare their Guidance. Too busy with finding new crazy obligations to impose on an already over-stretched profession, one might conclude.

London's fire brigades are busy and there are several types of fire that happen more often than they should. One of those is kitchen fires some of which are caused when cooking is left unattended. It's easy to do that when so many devices these days have timers built in but, London Fire Brigade says "You should never leave cooking unattended – if you have to leave the room or the house, make sure to turn the heat off before you do.”

It's issued a list of safety measures that are applicable no matter where you live (except, of course, to change to emergency number to that of your country)

Editorial Staff

Leaving aside Vettel's dangerous driving and the stewards' lenient treatment of that, the 2017 Azerbaijan Grand Prix was a genuine classic with some inspired driving by several drivers and some surprising results.

Bryan Edwards
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Let's be clear about one thing: if a normal person deliberately drives his car into the car of another driver, he goes to jail. How, then, does Vettel get away with an insignificant penalty plus three points on his licence (that will have little or no effect due to points due to expire soon) for exactly that action. The FIA needs to review the Azerbaijan stewards' decision, retrospectively cancel Vettel's points from Baku and impose a meaningful and immediate ban of, say, three races. Also, he should be penalised for causing a collision when he ran into the back of Lewis Hamilton's Mercedes causing extensive damage.

Bryan Edwards
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Below, free content, is my interview, given in May 2017 at the Thompson Reuters Regulatory Summit in Singapore, published today.

Nigel Morris-Cotterill
BIScom Subsection: 

It's frustrating just how fundamentally stupid some people can be.

In the aftermath of 11 September, 2001, the blame machine was hunting for excuses and part of it rightly fixated on funds transfers and, rightly, fixated on the unlicensed transfer systems which were lumped together under the Farsi name "hawala." Then stupid, ignorant people started trying to sound clever and instead of standing up to them and correcting them, others started to adopt their nonsensical, made up terminology. Now they want to include it in law.

Editorial Staff
BIScom Subsection: 

The UK's General Election is all over bar the shouting: there remain a handful of seats to declare but the result is already beyond doubt: even if the Conservatives will all the outstanding seats, they will still not have enough seats to form a majority government. That, Prime Minister, Theresa May, had thought impossible: her objective in calling an election at short notice was so arrogant that her stated expectation was to increase the majority her party had so as to bulldoze her view of separation from Europe without effective opposition. Now, her first job, is to decide if she will even be PM tomorrow morning after the electorate demonstrated that there is a global move towards...

Nigel Morris-Co...
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Editorial Staff

Yes, the bags strapped to the body and various containers stuffed or swallowed, to say nothing of cavities in vehicles are even boxes of flowers remain common methods of smuggling. But there are some others that are a bit too bizarre to be true - except that they are.

US TV carrier Dish Networks is popular for its service and incredibly unpopular for its business practices. US States have been putting the company under pressure for a decade and still it fails and ends up paying whacking fines. At the heart of its problems are these issues: collection, validation and use of internally generated data, use of externally generated data, balancing commercial needs with regulatory demands, all things that are the daily diet of Financial Crime Risk Officers in financial institutions and other businesses affected by money laundering, terrorist financing and bribery/corruption issues.

California, North Carolina, Ohio and the US federal government have been awarded shares of awards made in criminal proceedings brought in the Illinois District Court against DISH NETWORK LLC for making "millions and millions" of calls to people who have recorded their numbers at the Do Not Call Registry. The total fines amounted to USD280 million. It got off lightly: the possible maximum was up to USD24,000 million say some reports. The judge made specific reference to the use of call centres for telemarketing.

Editorial Staff
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A travel company much favoured by our own team in Asia has closed its doors. It's a shame: we'll miss them.

Editorial Staff
Publication: 

A report by the USA's Federal Bureau of Investigation following the conviction of an ATM skimmer reveals a relatively little-known technique that reduces the prospect of capture of the criminals involved.

Editorial Staff
BIScom Subsection: 

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