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Insurance companies live or die by the risks they take and the premiums they charge. It is time that companies offer insurance to consumers against the risks of on-line crime?

Nigel Morris-Cotterill, Author, Cleaning up the 'Net examines what's involved starting with an explanation of how lack of moral hazard has been a major contributor to a succession of banking and economic crises over a period of some 40 years. And why that is relevant to questions of insurance against on-line crime.

Nigel Morris-Cotterill
This page contains lists of recent sanctions issued by national governments and international bodies.
This page contains updates issued many of the world's financial sector regulators.

If the UK leaves the European Union, it will have a choice as to whether to revoke, modify or retain laws that are imposed by reason of EU Directives. The Financial Sector is one of the areas most affected by EU-imposed laws. Here are three examples of relevant laws and the likely effect on the UK financial sector if the UK left the EU.

Editorial Staff

UK Labour (socialist) Party leader Jeremy Corbyn is using his attack on the Conservative Prime Minister David Cameron as a smoke screen for an attack on the wealth of all families in the UK, including Labour's own voters in furtherance of his hard left ideas that are closer to communism than the (relatively) benign socialism of even the radical Blair/Brown government.

Nigel Morris-Cotterill

It is a source of some consternation that representatives of Philippines bank RCBC continue to claim that they cannot disclose details of transactions relating to the transmission through the bank of moneys stolen from the Bank of Bangladesh because bank secrecy laws prevent it.

Here we set out why that position is nonsensicle, in the particular circumstances of the case and what can be done to resolve the position.

Nigel Morris-Cotterill

The attention focused on The Anti Money Laundering Council in The Philippines is largely unjustified. It can only what the law allows and, as World Money Laundering Report Vol 15 Number 2 will show, the law falls a long way short of ideal - and it's not only casinos.

But, as the graphic below shows, it's not the only problem AMLC has.

Editorial Staff

At the heart of the Philippines aspect of the Bank of Bangladesh case appears to be a "businessman" known as Kim WONG. But in less than 30 seconds, we discovered that as recently as 2001, he held a Chinese passport in the name WONG Kam Sin - and used it to get out of The Philippines in the face of an investigation.

Editorial Staff

It's a basic tenet of Formula One that the podium celebration takes place in a shower of champagne. Well..... not exactly. After 15 years, the deal for Mumm to sponsor the sport has ended. And the new sponsor is half a name and not a champagne.

Bryan Edwards

It is fascinating that the USA is having a panic attack about the spread of Da'esh / ISIS by means of propaganda. It is also ironic, given the cultural imperialism that the USA has applied through the entertainment industry - and continues to do so, shaping thinking in so many ways that even in the UK, we find ourselves dominated not by the USA's sharpest minds but by the excessively puerile.

And yet the parallels of how Da'esh / ISIS and the USA spread their messages, and reinforce them, are striking.

Nigel Morris-Cotterill

Pay attention: when I told you in 2006 that all the signs were present for a US housing crisis that would engulf the world in a financial crisis, you didn't listen. When I told you in 2007 that the crisis was happening and organised a conference to discuss strategies to prepare for and manage it, you didn't listen and you didn't come to the conference. If you were invited as a speaker, you denied there was a problem and declined to speak.

So, listen now: ...

Nigel Morris-Cotterill

Scam e-mails are nothing new and usually they are so boring they don't even register. But "Woolcock" paulwk@gmail.com 's "Money Transfer" scam mail is so amusing it justifies being included in the Fraud Hall of Fame. By the way, it was sent to an e-mail address at "countermoneylaundering.com." Twit.

Editorial Staff
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