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We reported (here) about the Australian Consumer and Competition Commission's civil action against Landmark Operations Limited trading as Seednet. The action has settled.

CoNet Section: 

The Philippines is an astonishingly misogynistic society. It often appears as if, at every turn, the system is specifically designed to disadvantage women.

Name of Crypto-asset (e.g. bitcoin, ripple) demanded by extortionist: 

Bitcoin

GlobalKYC -Suspicious Wallet Number: 

12teLRxh6wjdXp7NudvN31BNoUjwy9rJA3

If Najib wanted a pot of gold at the end of the rainbow he missed it with TRX, the flagship project of Najib's 1MBD scheme.

The Australian Consumer and Competition Commission has been looking at how prices at petrol pumps move, with changes taking place in what, on the face of it, seems in concert. But, the ACCC says, there is in fact no evidence of collusion: it's simply price-watching and price-matching between operators. And if consumers take advantage of hints, there could be an enormous injection of discretionary spending from disposable income or a reduction in credit card debt across the country.

The news, then, is that what might have been suspected as a crime is not a crime at all.

FCRO Subsection: 

This ultra-simplified explanation clarifies the absolute basics of a subject that has become shrouded in myth and mystery.

The lockchain, crypto-currencies (or cryptocurrencies) like bitcoin, distributed ledgers and smart contracts are, actually, stuff you already know..

BIScom Subsection: 

Two related statements from the IRS and other agencies highlight two specific risks. The first is password security and the second is phishing, etc. scams. By the way, "Summit Partners" (which appears in the statements) isn't a firm - it's someone's idea of a buzzword. Ignore it. It only means "other government agencies." Also, they have one thing dangerously wrong.

It's almost impossible to open a website or blog with even a peripheral interest in financial matters and not see a headline saying something like "The Death of Bitcoin." Total tosh. So are the click-bait headlines in the style of "is blockchain dead?"

This is why.

BIScom Subsection: 

FinCEN and the Federal Banking Agencies have issued a joint statement "encouraging innovative industry approaches" to money laundering compliance. It's not long and it encourages both human and technological innovation. But, importantly, it specifically says that it does not require those who don't need it to jump into NewTech just because it's there. It also says banks are free to fail when trying new things. It also says that some NewTech might result in regulators finding out things companies might rather they didn't.

BIScom Subsection: 

There is a fascinating case before the US Supreme Court relating to confiscation of assets used in furtherance of a crime as distinct from proceeds of criminal conduct. Oral argument took place last week and there is a transcript and recording here:

https://www.oyez.org/cases/2018/17-1091

FCRO Subsection: 

FAQ number 84 (kidding). How do I open two Notepad++ files side by side? Read on.... This is how to do it.

Don't say that: 

"Some people are weary of the new ideas"

Do say this: 

"Some people are wary of the new ideas"

There will be some in Formula One who will miss Force India but there will others who won't. It's a name that has close to zero connection with the team and that's been the case for a while, even before the companies behind it collapsed and were rescued by, amongst others, Lawrence Stroll. This week, it was made clear: the misnomer will come off the cars at the first opportunity and Stroll's will, at least to a degree, appear on one of them.

CoNet Section: 

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