Log In | Subscribe | | |


GlobalKYC.com is crowd-sourced information for the financial crime risk management community.

The supposed anonymity of crypto-asset accounts, such as bitcoin wallets, depends on two things: first, the creation of accounts attached to fictitious or false identification information and the fact that there are so many that trying to identify one being used for criminal purposes is like trying to decide which drop in the ocean should be looked at first.

Today, World Money Laundering Report, part of The Anti Money Laundering Network announces the GlobalKYC Suspicious Crypto Asset Register, a crowd-sourced method of identifying those accounts that may be used by criminals for reasons of extortion.

First, the term "brexit" is not original. It was copied from a term "grexit" which was coined to refer to the possibility that Greece, in the throes of a financial crisis, might choose to leave, or be thrown out of, the Eurozone, i.e. that part of Europe which uses the Euro as a common currency. It is, simply, a contraction of the term "British Exit." Britain is not part of the Eurozone, which means that it is, theoretically, outside the influence of the European Central Bank, but Britain is part of all other EU institutions and does, in fact, have a place at the ECB table. A "hard brexit" means that the UK leaves Britain without agreeing terms and without any firm agreement to agree terms in the future. That's the view as it is widely put but, in fact, there can be no such thing as a "hard brexit" only a non-negotiated withdrawal. The term is, actually, very misleading. The term "soft brexit" is less misleading except that it's barely a "brexit" at all.

The case of Laura Plummer, the British woman sentenced in Turkey to three years' jail for attempting to smuggle several hundred Tramadol tablets into Turkey, where they are illegal without a prescription, will be back in the headlines in a few days: in a week or so, it will be a year since she was sentenced. There is, in the UK, a vocal group trying to generate sympathy from both the government and the wider population, using both social media and a less than analytical general media to do so. They don't let the facts get in the way of a good story. Her local MP has been, seemingly, unable to utter a sentence without a tear-jerking adjective. Here are the facts without any emotion.

PleaseBeInformed says:

Sadly, RNLI is competing for donations with wall to wall T.V. advertising characterised by re-purposed voice over artists who usually sell insurance policies or funeral plans for pensioners and are now guilt-tripping an entire population by repeatedly showing e.g. images of a baby with tubes taped to its face to pay administrators salaries in the multi hundreds of thousands. There are dozens pleading for them and only the RNLI pointing out that its crews are volunteers and face death every time they go out. When you give this Christmas, choose carefully and don't be manipulated by sophisticated marketing.

www.rnli.org

Released today, the first video from the new double, bi-lingual album from James Yang.

James Yang 楊永聰 《溫柔地,暴烈地 》Official Music Video

This week, some Conservative Party MPs delivered, in sufficient number, a letter to the party's managing committee, the 1922 Committee. It expressed that they had no confidence in the Prime Minister and that the party should replace her. The timing, many have said, was a mistake, that those seeking her removal, should have waited until after the Brexit vote and attack her then, if she lost. That, it is here opined, would have defeated the purpose of this week's supposed rebellion.

CoNet Section: 

The European Union (Exit) Act, as originally drawn, defined exit day as "such day as a Minister of the Crown may be regulations appoint" but that was later amended. But even now, it's not as fixed as it appears.

Perhaps the most important question arising out of the whole withdrawal issue is this. What status will EU law have, in the UK, after Exit Day?

The UK's Treasury is not anxious to make it known that the UK is, despite the cries of various EU officials, in fact ready, willing and kind-of able to enter into bi-lateral agreements with third countries. The US Treasury, on the other hand, thinks shouting it from the rooftops is a good idea and has issued a notice regarding an agreement relating to "Prudential Measures Regarding Insurance and Reinsurance (U.S.-UK Covered Agreement. " But.. there's a stumbling block.

BIScom Subsection: 

James Yang 楊永聰-《溫柔地,暴烈地》Official Teaser
Lost and Found: the new album from James Yang (Yang Yong Cong)

It might not look much but Australia has just thrown a huge spanner in the works of international internet retailers who want to operate in their market. Whether it sets a precedent remains to be seen but, if so, cheap goods sent from overseas might have to be a lot less cheap. At the heart of this is unproven conduct by Wiggle Limited, a UK company, which the Australian Consumer and Competition Commission (ACCC) found to be in breach of Australian law. This is a significant extra-territorial application of domestic law - and it also interferes with the right to include a choice of law and choice of jurisdiction clauses in international contracts. And as if that's not enough, the ripples reach into call-centre operations worldwide.

CoNet Section: 

Australia has long been in conflict with foreign discounters marketing, amongst other things, by internet. It all started with a fight over the price of books.

CoNet Section: 

Remarks by His Majesty King Abdullah II At the 2018 Templeton Prize Ceremony, November 2018

Starting point: banks in Australia have behaved appallingly. The Australian Consumer and Competition Commission, ACCC, has been shown up as .. pick a negative adjective and it's probably been used. The ACCC, along with other regulators who have been shown up as wanting are now doing their best to prove they are "across it," as Australians say. Today, they say that they have produced a "final report" from their residential mortgage price inquiry. But.. has the ACCC now moved from ensuring good behaviour to managing how banks do business? It raises risk management questions, liquidity issues and even the stability of the housing market which has been in an accelerating downturn for a while and is showing all the signs of turning into a bit of a crisis.

BIScom Subsection: 

Pages

 


 

hahagotcha