Log In | Subscribe | | |


GlobalKYC.com is crowd-sourced information for the financial crime risk management community.
Click here to add suspicious crypto assets to the Register

Another Boeing has crashed killing everyone on board. Again, it was a new aircraft. Boeing have long had a problem with quality control which regulators have shrugged off or allowed jerry-rigged solutions to be implemented. Why are they allowed to get away with it? Has the airline industry not learned the lessons of the Ford Pinto?

CoNet Section: 

With all the fuss about China's interest in foreign computer systems, it's salutory to note that a suspicious crypto-asset report made at www.GlobalKYC.com demonstrates that the Chinese government's servers are not immune from attack.

CoNet Section: 

The obligation to train staff for e.g. counter-money laundering purposes is hardly a surprise. But, as Nigel Morris-Cotterill says, the training of temporary and agency staff is often overlooked. As this health and safety case shows, that is not acceptable.

FCRO Subsection: 

The Hong Kong Monetary Authority has this afternoon issued a notice relating to a fake website for a bank.

BIScom Subsection: 

How would you feel if your company was fined GBP200,000 and ordered to pay costs of more than GBP17,000 for health and safety issues even though no-one was hurt? Ask Renault.

CoNet Section: 

The elderly have always been easy targets for fraudsters using "I can fix the hole in your roof" or charity, even religious, scams. But the internet is making it easier for fraudsters to be convincing and the internet is making even direct personal contact practically anonymous. Advance fee fraud no longer relies on mail, telex or fax but on e-mail and telephones, tech that the elderly are predisposed to trust. But sometimes, they fight back....

Australia's Self-Managed Superannuation Fund schemes are great on paper. But in the real world, they are a constant source of problems.

CoNet Section: 

The USA's Inland Revenue Service, the IRS, has reported "a steep drop" in identity fraud related cases in recent years but it is still a serious problem.

FCRO Subsection: 

Paddy Lowe, one of the most successful designers in Formula One's history, is to take indefinite "leave of absence" from the Williams F1 team as responsibility and blame collide one step from the top.

CoNet Section: 

The European Union is very good at one thing: being excessively bureaucratic and prescriptive. There's a powerful reason for this: most countries in the EU have grown up with the Roman system of law which mutated into the civil legal system and that relies, heavily, on codification. It also means that laws are inflexible and cannot easily respond to changes in society and that fetters the ability of judges to maintain a living justice system. And yet, on the other hand, it uses vague, even sloppy, language to announce what it going to do. A marketing pitch that says "Whistleblower (sic) protection: Commission sets new, EU-wide rules" is misleading - the protection of whistle-blowers is only part of the proposal (no rules were actually set). The proposed Directive will mean big changes for all but the smallest businesses.

CoNet Section: 

Don't say that: 

step change

Do say this: 

change, or
significant change

The two winter tests are done and dusted. The cars have been back to their factories, dismantled and evaluated. The data has been analysed. We, of course, know nothing at all except the colour of the cars, who will sit in them and what changes in various regulations have done to their look. We've had endless interviews and soundbites from teams and drivers and we've learned nothing of value except that Bottas has had enough of playing second fiddle and plans to shed his Mr Nice Guy image and he's got chiselled features and a bovva-boy haircut to prove it. Does that mean the season opener in Melbourne next weekend is just a prelude to the season proper? Or are the teams actually ready?

CoNet Section: 

The UK's Department for Work and Pensions has announced that those who receive disability benefit will be relieved of the burden of frequent re-assessment once they reach retirement age. That's good news. Almost.

A senior prison officer with a special remit to investigate malfeasance by inmates and fellow officers at a California jail has been charged with accepting bribes and smuggling contraband into the prison.

FCRO Subsection: 

Pages

 


 

Amazon ads

| |