Log In | Subscribe | |

A hoax article (it's not satire, it's simply a click-bait false story) in online magazine guard1an.com demonstrates why registrars must take steps to limit and even ban the use of names that are sufficiently similar to established names to prevent a wider harm, says Nigel Morris-Cotterill, author of Cleaning up the 'Net: An Action Plan to combat the use and abuse of the internet for financial crime

Nigel Morris-Co...
Publication: 

The decision by US messaging service WhatsApp to allow its parent company, Facebook, access to user's data raises enormous questions for compliance and ethics teams in financial institutions, law firms and many other businesses. Should Compliance Officers now ban the use of WhatsApp for both transactional messaging and communications with clients? And should data protection registrars now issue warnings as to the release of client-related data? In fact, should the app now be banned entirely from all mobile devices used in any way for work purposes?

Editorial Staff
BIScom Subsection: 

While the average article focusses on the announcement of WhatsApp's about-face regarding the implementation of advertising, its founders having repeatedly assured user that the messaging platform would never carry advertising, the bigger issue is this: Facebook, which bought WhatsApp and authorised those assurances, and guaranteed users privacy, is about to plunder WhatsApp user data and to make it available to third parties. USers have a stark choice: try to sort out a complex opt out (that depends on whether Facebook can be trusted and history repeatedly demonstrates otherwise), to accept the total loss of privacy in messaging or...

Editorial Staff
Publication: 

In July 2010, Euromoney reported "regulators in Gibraltar say they shut [Reincarnation Bank] down, it subsequently re-emerged six months later." It's had a checkered history, but today, you can still visit a website with that name.

Editorial Staff
BIScom Subsection: 

It used to be that the solicitors branch of the legal profession in England and Wales was compelled to purchase its professional indemnity insurance (PII) from a single, approved, insurer and the cost was very high. Rightly, the profession voted to widen the scheme to permit approved PII to be purchased from third party insurers on a competitive level. But things have not gone according to plan and the latest crisis threatens the future of several firms.

Editorial Staff
Publication: 
Case Summary: 

Nikolai Tehin was an immigrant to the USA from Russia. He found ways to pay his own way through the long and expensive process of qualifying as a lawyer. For more than 30 years, he represented a wide range of clients and enjoyed the rewards, including a house worth some USD8 million in 2004, a 73-foot yacht and a number of expensive cars. But he funded his lifestyle from illegally dipping into clients' funds.

Fiduciary fraud
Editorial Staff
  World Money Laundering Report Volume 15 Number 3 is now available for subscribers.

In this issue:

 

Publication: 
Editorial Staff

Lots of small - and not so small - businesses place their primary web presence on Facebook. While the social networking aspects can bring benefits, there are serious disadvantages.

Replicated, with permission, from Nigel Morris-Cotterill's blog at www.countermoneylaundering.com, here is a de-stressing story.

Nigel Morris-Cotterill
Editorial Staff

Shafi Alotifi spent his adult life as a police officer in Baghdad, Iraq, a job that has been a political football for politicians and even states but he just got on with it, until 28th July 2016 when even his previously dangerous way of life turned especially nasty. His story should be widely recognised, and with it the realisation that he may be unusual, but he is not unique. His is the true story of what Jihad means.

Editorial Staff

Hillary (sic) Clinton's New Democratic Party's One America Policy intends to abolish segregation. So at its National Congress, the Democratic Party decided to remove gender bias by the simple expedient of creating the "All-Gender Restroom." Here's the discussion they didn't have. (Man beaten: see update, below)

Nigel Morris-Cotterill

The actions of Mohamed Lahouaiej-Bouhlel in driving a lorry into many people out for an evening watching Bastille Day fireworks, killing more than 80 and injuring many more, some seriously, was immediately branded an act of terrorism. It was terrible but it was not, necessarily, terrorism. Indeed, early signs were that it was not a terrorist attack in the normal sense of the word and as the story unfolds, it seems that his actions may not have been in the strict definition of terrorism. It's time to tone down the rhetoric and time to teach politicians and the media that they should not...

Dear Uncle Bert and Auntie Gert

I've resigned from my job and with it I lose my tied house. So I'm going to have to find somewhere else to live. I want to go back to my old house but my family doesn't think the neighbours will be very pleased if we move back and draw a lot of attention to the area. I made a series of stupid mistakes in my job and hung my hat on a position that became unlikely then impossible so I decided to jump before I was pushed. I really don't know what to do for the best.

David C.

Pages

 


 

hahagotcha