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It's the American dream: little lonely kid with only a handful of people who appear to like him talks with one or two of them and they come up with a geeky idea : let's put our college yearbook (a curiously American thing) into a database and let everyone in it tell everyone in it what they are doing, and let them read what everyone else is doing. Then, as the others, one by one, find out that the reason he's the little lonely kid is that he's a sociopathic egotistical self-absorbed autocrat, he ends up alone and somehow sitting on something that generates thousands of millions of dollars in share value. Then someone spills the...

Nigel Morris-Co...
Publication: 

We are now a further 24 hours into the chaos that was brought to our notice at about 13:00 hours GMT on 10th April when our Group websites began to do down as Names.co.uk started a process of migration of our websites. It is several weeks since Names.co.uk bought our previous provider and their actions have been incredibly disruptive leading to total failure of service to unreliability.

CoNet Administrator
Publication: 

Following the business-crippling actions by Namesco Limited which attempted to migrate our Group's websites to their servers yesterday, after 12 hours we continue to have several sites down or cannot be reached and more with problems of one kind or another. We have been and continue to press Names.co.uk to resolve the problems they have caused but have no faith in their ability or willingness to do so. We regret the inconvenience to our customers and clients as a result of these failures which are entirely outside our control. The list below includes both our own sites and sites we manage. It is not exhaustive: we are still working...

CoNet Administrator
Publication: 

It's amazing: the old 419 scam still works enough for people to persist in using it. From mail in envelopes via, in some cases, telex and then fax and onto e-mail, they just keep on coming. This one purports to come from someone working at Barclays Bank.

Editorial Staff
BIScom Subsection: 

The term "asset recovery order" means one of two things: either

- where, in civil litigation, a party obtains orders to protect and ultimately return to their true owner assets which have been wrongfully denied them; or

- in criminal cases, the state obtains orders to protect and confiscate assets which have been obtained by criminal means. In this case they are rarely "recovered" in the true sense of the word.

Publication: 

We've had enough of spam from a group of servers that is being a serious nuisance. And they all have one thing in common: they are investment related, in one form or another.

Working on the assumption that, if all victims adopt this policy spammers can be at least a little frustrated, this is what we have written to the company hosting the servers because, by reducing the business the ISP can do, there may be some pressure to be brought to bear on them to prevent their servers being used for spam.

CoNet Administrator
Publication: 

FCRO Subsection: 

The single over-riding principle that makes cryptocurrency accounts attractive to criminals is not the supposed anonymity (that argument is a done deal except for those who don't know what they are talking about) but the fact that, by design, there is, literally, no single body or person with regulatory authority.

What that means is that, while governments and courts (at the behest of victims) can make Asset Recovery Orders, or, as the US government is trying to do with its listing on OFAC of crypto-currency accounts that it claims it has reasonably identified as connected to listed persons, these are after the fact restrictions and to try to enforce them is, by reason of the essence of the distributed ledger, only ad hoc....

This morning, I received, in one of my corporate mailboxes, a spam which is disturbing on several levels, none of which are relevant to the core arguments in this piece so I've added the text in a footnote for readers' information.

What is relevant, and not disturbing, is that it demands payment to a specific bitcoin account.

This is it: 1JXuMq6sbL95XnrcDEsrZTCvvRjB52RCAD.

Governments and others are focussed on the person behind the account. There is another way, says Nigel Morris-Cotterill

World Money Laundering Report
BIScom Subsection: 

The return of the high-volume spammer and spammers who use proxy servers while using many different domain names means that the more common "block sender" spam control is less effective against them than against the relatively ad hoc spammer. But there is something you can do.

Editorial Staff
Industry: 
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

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