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Burger bar McDonalds has started its seasonal TV advertising campaign in Malaysia. It's for Chinese New Year which happens at the end of January. Wot? No Christmas?

Editorial Staff
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The Australian Federal Court yesterday found that German construction group holding company Hochtief Aktiengesellschaft (Hochtief AG) engaged in insider trading.

The Judge had express warnings for businesses operating in Australia and expressed his criticisms in terms more usually reserved for financial services companies. He reserved special warnings for foreign corporations with operating units and subsidiaries in Australia.

Editorial Staff
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Standard Chartered Bank has been ordered to pay SGD5.2m and Coutts (at the relevant time part of Royal Bank of Scotland) to pay SGD2.4 million for breaches of the Monetary Authority of Singapore's counter-money laundering requirements. It's also a slap in the face for Malaysia's Prime Minister Najib because the penalties arise from compliance failures relating to 1MDB, Najib's flagship project. There is also the minor matter of a Goldman Sachs employee and false statements.

It was called Avalanche and it was "specifically designed to thwart detection by law enforcement." But co-operation between enforcement agencies in more than 40 countries and private sector participants created a profile of it and that enabled it to be located and taken down. It had facilitated huge harms.

CoNet Administrator
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More than 15,000 customers of BMW Financial Services, Mini Financial Services and Alphera Financial Services are to be compensated for serious failures in the group's business practices, which caused genuine hardship in some cases, says the Australian regulator, ASIC. The scale of the Order is jaw dropping.

Editorial Staff
BIScom Subsection: 
FCRO Subsection: 

Just last weekend, one of our people received a call late at night. An Indian voice asked him for details of his credit card and for his security question. That call was genuine, from his bank's fraud department, but for an estimated 15,000 US taxpayers, the department calling was all about committing not preventing fraud.

The televised hearing before the UK's Supreme Court is fascinating, but difficult to follow.

Nigel Morris-Co...
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It is unfortunate that, in the USA, the word terrorism is so easily bandied about that it has all but lost its meaning. A year ago, a mass killing occurred, but there remains no definitive evidence that the attack was, in fact, motivated by ideology which is a requirement for it to be classified as terrorism. Prosecutors and media must be more careful in their choice of words.

Nigel Morris-Co...
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Editorial Staff

It's incredible how so many educators, wordsmiths, lawyers and politicians are fundamentally ignorant, lazy or sloppy in their use of language.

The consequences of imprecision in language range from being sent the wrong product by a mail order company to someone pressing the big red button that launches a nuclear strike.

Here are examples of phrases that don't mean what they say, or which are just plain nonsense.

I've just caught up with the third episode of the genuinely excellent "Mars" on the National Geographic TV Channel.

The programme contains significant input from genuine rocket scientists and people who have studied as much as is currently possible about Mars, how to get there and how to deal with what they find.. But, seemingly, they forgot to ask someone with common sense to join the team.

Nigel Morris-Cotterill
BIScom Subsection: 
Don't say that: 

Normalcy

Do say this: 

Normal, or
Normality

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Editorial Staff

It's the holy grail of advertising and marketing, a word or expression that grabs the attention of the world and becomes a slogan.

One, suggested by our boss that didn't make it onto the pack of women's sanitary towels but we think it would have become a worldwide standard phrase, was "Security, No strings attached."

Here are five that did make it past the ad agency's in-house censors - and out of the mouths of millions who have never used the product they relate to.

 

Da'esh has, for much of its reign of terror, been funded from a range of sources. Although it is difficult to say exactly, the general feeling is that the largest, or close to the largest, has been from the sale, albeit on the black market, of oil. After a period in the doldrums, oil prices are rising again and, therefore, so will Da'esh's funding. But, of course, it's more complicated than that.

Editorial Staff
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World Money Laundering Report (WorldMoneyLaunderingReport.com) was first published in 1999. Over the following 17 years it appeared in 15 volumes, the last issue being published in December 2016. As from January 2017, WMLR will enter version 2.0 of its development.

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