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The Australian Securities and Investment Commission (ASIC) conducted inspections at Australia's six largest audit firms and found that they performed a little better than the industry average but even so, a fifth of them lacked material information.

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Just as AirAsia announced the "suspension" of its Tokyo Narita (NRT) to Jakarta (CGK) flights, Japan Airlines and Garuda Indonesia have said that they are to increase co-operation to improve connections between the two Asian countries.

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In the wider world of financial services, there's a tendency to forget that there are regulators for other areas of commerce, too. In the UK, in accounting, the last stop for action relating to accounting and audit misconduct is the Financial Reporting Council. It's one of those bodies that replaces gravitas with slogans on its website (which is "flashy" but doesn't work properly) but when it gets its teeth into a case, it acts as a proper regulator. It levies only small fines but it's paying more and more attention to the big boys.

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It hasn't taken long. The General Data Protection Regulation came into force across the EU only on Friday. By Sunday evening, "Dejan Marinkovic" of "The Resort Group Global" had, apparently, decided that the way around it is simple: just put the name of the company in the body of the e-mail and, thereby, establishing that, as business correspondence, the mail fell outside the GDPR. His premise? That, if the addressee (who, incidentally, is personally identifiable from the e-mail address) clicks on a link, there will be benefits. But then it becomes even more strange.

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The Solicitors' Regulatory Authority which regulates solicitors in England and Wales has begun proceedings against a partner of one of the bluest of blue chip firms in London alleging that he failed to undertake adequate due diligence for money laundering risk purposes when taking on two young women as clients. To be clear: this is a prosecution by the Solicitors' Regulatory Authority, not the police. It is a criminal prosecution for failing to comply with the Money Laundering Regulations. This is big stuff.

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.

Like so many developers of so-called artificial intelligence, Google is proud of its efforts and, yet, once again AI has proved that it is often a failure waiting to happen. But this example is ever funnier - and more worrying. Someone has manipulated it and the target, amazingly, is people working in e.g. banks. Should banks, etc. now ban Google Alerts?

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The wording says "If you'd like to cancel just part of your order... please contact us and quote your order number." So, like the obedient chap I am, I did.

This is my exchange with Marks and Spencer's Chatbot.

And you think AI will protect your bank?

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A note of personal sadness: long, long ago, this writer was considering his future. At the top of the list of highly professional firms that attracted him was Mallesons in Hong Kong. But a family discussion resulted in staying in London and taking a radically different approach. The hankering remained but the shine is wearing off as the now global association of practices is heavily in debt, shedding staff and trying to hive off offices and teams.

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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.

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