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A lawyer has pleaded guilty to using his clients' account to launder the proceeds of a range of financial crimes in which he also took part. The case shows why Regulations limiting suspicious reporting requirements to "transactional lawyers" are a mistake.

Any aeroplane crash is newsworthy. Media organisations, bloggers and opportunists race to publish anything, just so long as it gets picked up by major search engines within minutes. Even venerable reporting organisations fall into the trap of just getting something, anything onto their website so they don't seem to be behind. Grabbing eyeballs is the primary objective. But as the BBC found out yesterday, sometimes that rush to publish leads to questionable content....

CoNet Section: 

Australia's ASIC is warning companies that they have until only 27 September to file a new set of data.

CoNet Section: 

One has to wonder what is happening at FinCEN's media room. As if its abolition of the possessive apostrophe in its emails isn't illiterate enough, they often make no sense. Here's an example in which both the English (American, we should say) doesn't make sense and the subject matter is, well, bemusing. Here comes the tech bit..

FCRO Subsection: 

For much of the past two weeks, BBC News has heavily featured criticism of British Labour Party and Prime Ministerial hopeful Jeremy Corbyn. The criticism has been orchestrated by some British Jews who claim that he, and some of his party, are, in their words, "anti-Semitic." The primary concern is not the treatment of Jews in the UK, but Corbyn's long and loud protests against Israel's behaviour in Palestine. Right-wing, one might argue radical, Jews in the UK are incensed. The BBC willingly provides a megaphone for them. So why has the BBC been almost silent on the subject in the past three days?

CoNet Section: 

A correspondent asks "As a UK individual how do I report / alert the US authorities to the a craptocurrency used by employees and the Chairman of a group of companies with offices in St Louis, Missouri ?"

Here's the answer, and it explains differences between OFAC and FinCEN, etc. reports.

BIScom Subsection: