Log In | Subscribe | | |

The risks to financial institutions, lawyers and accountants presented by their venture capital clients has long been recognised. But what of the risks that venture capital providers face as a result of their investments? WMLR identified a range of risks for both angel investors and those with a full VC involvement.

Global KYC - Respondent - Surname or Company Name: 

RESPONDENT

Global KYC - Respondent - Other Names or Company Number: 

Jamal Paul

Global KYC - Respondent - Aliases or business names: 

JPR Trading

Jefferson Galt

It's a hard lesson for many people to learn but here it is: terrorism can never be stamped out because terrorism works.

For the second time recently, a matter before the Solicitors' Disciplinary Tribunal in England and Wales has considered the use of a firm's clients' account for the provision of quasi-banking services. The SDT is starting to impose more substantial penalties and has clearly had enough of solicitors who fail to comply with their obligations under counter-money laundering laws and regulations. Like in the first case, the solicitor concerned is elderly and one might say that he might be considered as having carried on long-standing practices in the face of changing practice requirements and culture.

If the domain name used to send a spam and the subject line are inconsistent, that's often a guide to the probability that a the spam is also a scam. If the subject matter of the content is unrelated to a domain name that indicates a connection to a specific subject, that is also an indicator. So digital@myrountrips.net writing about "Multiple revenue streams" and "The Most Profitable Digital Currency System in the World" ticks more than enough boxes. Then we are promised no-lose crypto-currency trading.

Editorial Staff
BIScom Subsection: 

Aside from giving Digital Currency Exchanges a TLA (three letter acronym) AUSTRAC has sidestepped all the "is it, isn't it?" fuss in so many countries and stated the obvious: because digital currency is "money" in the economists' sense of the word, anyone operating an exchange is subject to the same rules and regulations as anyone operating an exchange in fiat currencies. But here's the surprise: the requirement to register with AUSTRAC and to put in place money laundering, etc compliance and risk management systems comes into force today. And the notice was only published this morning. Moreover, there is an unexpected consequence for the mainstream financial sector.

FCRO Subsection: 

We've introduced this same spam-scammer over the past few days and it's still at it. This time, however, there's no doubt what it's up to: it's trying to sell fixed return investments without any of the statutory information that's required for such promotions. But,then again, why bother complying with financial sector laws when the whole enterprise shows the signs of being fundamentally illegal?

For much of the past two weeks, BBC News has heavily featured criticism of British Labour Party and Prime Ministerial hopeful Jeremy Corbyn. The criticism has been orchestrated by some British Jews who claim that he, and some of his party, are, in their words, "anti-Semitic." The primary concern is not the treatment of Jews in the UK, but Corbyn's long and loud protests against Israel's behaviour in Palestine. Right-wing, one might argue radical, Jews in the UK are incensed. The BBC willingly provides a megaphone for them. So why has the BBC been almost silent on the subject in the past three days?

Jefferson Galt
Publication: 

When assets are frozen, seized, confiscated or, in the case of ships and aircraft, arrested, there is one major difficulty for the lawyers and state bodies obtaining those Orders. . Unlike state sanctions, those obtaining the Orders have no simple route to bring their Orders to the attention of persons, be they individuals or entities, that may be holding assets to which the Orders relate.

Today, with the launch of GlobalKYC by World Money Laundering Report, all that changes.

Global KYC - Respondent - Surname or Company Name: 

JOHNS

Global KYC - Respondent - Other Names or Company Number: 

Cedric Paul

Global KYC - Respondent - Aliases or business names: 

CPJ Building Contractors

Some other name he uses

Global KYC - Respondent - Surname or Company Name: 

SFA Aviation Inc.

Global KYC - Respondent - Other Names or Company Number: 

123456789ARGH

Global KYC - Respondent - Aliases or business names: 

WeSmuggleAnything.com

FCRO Subsection: 

Somewhere, a new spam-scam factory is pumping out new schemes at the rate of one every couple of days.

They introduce via a domain name that has nothing to do with whatever they are using as the hook for the scam, but they do have certain things in common which enable us to identify them as sourced by the same spam-scam crew. Today's is from philstudio.net under the banner "Portfolio Direct" and is headed "Free guide to direct lending."

Open Letter to ( CEO ): 
Miroslav Lajčák,
Open Letter to ( Company ): 
United Nations
Town: 

Palestine

Summary: 

Dear Sir

The abject failure of the United Nations to come to the defence of the people of Palestine is a disgrace and a failure of the organisation which was formed in significant part, to prevent wars. In relation to Palestine, it can be said to be preventing wars only because wars take place between nation states and the UN refuses to acknowledge Palestine as a nation state. This vacuum has allowed the nation state of Israel to expand outside its borders, to regard those who live in Palestine as stateless and therefore, in effect, outlaws and has resulted in decades of systematic abuse, land grabs and genocide.

This weekend we have seen the United Nations turn its back as organised forces murdered Palestinians in that small proportion of Palestine as mapped 100 years ago which Israel allows Palestinians to occupy. This has to stop: the United Nations must remove the veto that allows Israel and the USA, in particular, to consistently prevent action to protect the land and people of Palestine.

For those that can't be bothered to keep up with US President Trump's online twittering, there are various ways of getting just the gist of what he's up to. One of the most fun is to scan the last 11 or so months of headlines from The Economist. Here are the highlights of his Washington shenanigans. Foreign trade and foreign policy are, often, from another planet and we don't want to go there. Of course, it also allows us to relish the Economist's punny headlines and to ask a basic question: why is someone who is so in favour of the USA's pro-gun lobby so determined to shoot himself in the foot?

Editorial Staff
Publication: 

Pages

 


 

hahagotcha