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ASIC has taken action to stop several proposed initial coin offerings or token-generation events (together, "ICO"s), targeting retail investors.

Editorial Staff
BIScom Subsection: 

Notice issued by FINRA, the Financial Industry Regulatory Authority relating to pump and dump and other frauds.

Beware of Stock Fraud in the Wake of Hurricane Florence

It may not be possible to predict when the next natural disaster will take place. What you can count on is that when it happens, scammers will try to take advantage of the situation. The tips below will help you protect yourself at any time.

Editorial Staff

It takes something of a cheek to solicit investment in a fraudulent scheme and to publish a website with comments falsely attributed to the Chairman of the Monetary Authority of Singapore who also happens to be the country's deputy prime minister. But as MAS has warned, that's exactly what someone is doing...

Editorial Staff
BIScom Subsection: 

FCRO Subsection: 

Identity fraud is usually a relatively unsophisticated operation. Usually, but not always. Kenneth Gibson of Reno, Nevada, USA, was not a usual suspect.

Image courtesy USA FBI Las Vegas field office.

And, we're back. Once more, the authorities in the USA are reminding people that fraudsters use natural disasters as the hook for their activities.

Editorial Staff

Tata Steels Billet Mill in Stocksbridge, Yorkshire, is like all steel mills a dangerous place. Tata Steel undertook a safety risk assessment relating to the lifting of a skip from a hole in the ground and found that there was a risk of injury which could be mitigated by installing a barrier around the hole. They didn't do it and someone fell in. It's cost a large fine.

Editorial Staff
Publication: 

As reported at https://www.pleasebeinformed.c..., FinCEN can't get its act together over certain beneficial ownership rules.

Last week, the USA's FBI "unsealed" an indictment against a North Korean who they say was involved in the hacking organisation "Lazarus" which has been responsible for, amongst other things, the WannaCry virus that brought government, corporate and personal computers running Microsoft Windows software, or Linux machines running Windows emulation software, to their knees.

Editorial Staff
Publication: 

Just as AirAsia announced the "suspension" of its Tokyo Narita (NRT) to Jakarta (CGK) flights, Japan Airlines and Garuda Indonesia have said that they are to increase co-operation to improve connections between the two Asian countries.

Editorial Staff
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The UK's Health and Safety Executive (HSE) has been made aware that two UK laboratory supply companies have supplied schools and potentially other users with gauze mats which contain asbestos. The metal gauze mats are designed for use over Bunsen burners.

Editorial Staff
Publication: 
Burt Reynolds
was born on: 
11 February 1936
at: 
Lansing, Michigan, USA
and died on: 
4 September 2018
at: 
Jupiter, Florida

The Monetary Authority of Singapore (MAS) yesterday issued for consultation proposed requirements for financial institutions (FIs) in Singapore to implement essential cyber security measures to protect their IT systems. These requirements will help FIs strengthen their cyber resilience and guard against cyber attacks, says MAS.

Editorial Staff
BIScom Subsection: 

German company Siemens and French company Alstom are facing immense competition, especially in developing markets, from China's state-backed CRRC. The plan is to create a new Joint Venture entity owned by both companies and to transfer their respective divisions into it. So, while it is being touted as a merger, it isn't and nor is it a take-over. However, the fact that it's neither of the usual methods of combining businesses doesn't mean that competition regulators won't look at it - and opposition is coming from an unlikely quarter.

Editorial Staff
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Case Summary: 

German company Seimens paid many bribes to officials all over the world to secure contracts with governments in a wide range of technology fields including telecommunications (in all its forms), rail and other transport and more. Brought before the US authorities in 2008, it paid what was then the largest ever penalty for payments made in breach of the Foreign Corrupt Practices Act.

Corruption

This really is a story about money laundering. Stay with us: first, it's not at all a done deal that whatever happens in Brexit, UK lawyers will lose out for any reason except sentiment. Yes, long term, international recognition may be more complex but that could well turn out to be to the advantage of English (specifically, but perhaps one or two South Wales firms might be included) lawyers as their gene pool becomes less diluted. But everyone acknowledges that there should be some kind of hedge against that risk and so large firms are putting in place measures to be, in effect, dual citizens (not legally accurate, of course). Now Theresa May, in need of a win, has done something that will both assist UK lawyers and really, really get up the nose of those Eurocrats who are trying to frustrate the will of the UK people. And there's a not-to-well hidden benefit for British businesses outside the legal sector, too.

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