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Financial Crime News

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The website for FxUnited (FxUnitedGlobal.com) optimistically says "copyright 2006 to 2020." On its website, it links to a company registration certificate which shows that the company, United Global Holdings Limited was registered in New Zealand under number 5247841 in 2014 and has, since, been removed. But all is not as it seems and the investigation into the huge scam in Malaysia is only one aspect of this case as our own investigations reveal.

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The British government has announced the introduction of software to "detect terrorist content" on "any online platform." According to a statement issued yesterday "Tests have shown this new tool can automatically detect 94% of Da'esh propaganda with 99.995% accuracy. " That's amazing - and one has to ask how such figures can be quantified and proved. But there is good news: while large platforms have developed their own tech, smaller companies will be able to use that developed by the British government and ASI Data Science.

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A very funny story in today's South China Morning Post reminds me of the many hilarious tales of my Hong Kong Police mates about vice raids. The anonymous tourist who bemoans his fate in the article is an example of what happens if you think that being a foreigner absolves you from the important action of switching on your brain and learning at least something about what you are getting yourself into, says Nigel Morris-Cotterill

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The sentencing to three years of those involved in a case involving bank loans to a company that then defaulted gives some indication as to why Vijay Mallya is so reluctant to return to India from his UK hideaway.