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The days of Easy Rider are numbered. Around the world, gangs of criminals on motorbikes (colloquially but (usually) legally incorrectly called Outlaw Motorcycle Gangs) have, quite simply, gone too far and as they have become the face of organised crime, usually in large, sparsely populated countries, they are being targeted. While the Hell's Angels have been held up as a model, the gangs are rarely truly members. But while, these days, many Hells Angels groups are filled with ageing lawyers, bankers and wannabe bad boys, the current crop have taken over the worst traits - and business practices, investing in businesses, property and with a raft of professional advisers on retainer. One regulator has had enough and put metaphorical chains on the doors of a law firm.

FCRO Subsection: 

As low-cost mortgage schemes and Pump and Dump scams return to the internet, there's more proof that frauds are cyclical. Today sees the gold spam we've seen in a while. And it even offers a "standby letter of credit."

Case Summary: 

Two men have been sentenced to long jail terms in Australia for tax evasion and money laundering. They conspired to create an elaborate network of companies and false identities and ran a wide range of document frauds to book false losses in business activities, producing some AUD60 million in defrauded taxes. They spent the money on palatial homes, cars and boats and other luxury items and lifestyle expenditure.

Tax fraud / evasion
World Money Laundering Report

Case Summary: 

Phillip Eric de Figueiredo was a principal in the firm of Strachans based in Jersey and Switzerland. Along with Philip Egglishaw, de Figueiredo arranged for clients in Australia to dishonestly reduce the tax payable to the ATO by way of a number of arrangements. De Figueiredo was extradited from Jersey and eventually pleaded guilty to 2 conspiracies involving Australian clients.

Tax fraud / evasion
World Money Laundering Report

Remember This ("Taboola's big marketing fail") from a few days ago? Well, incredibly, they have compounded their ludicrous campaign with this...

Editorial Staff
Publication: 
Nigel Morris-Cotterill

It's easy to criticise the British Empire - it did some very bad things. However, it also did something very good things: it is the only colonial power in recent times to have left behind a solid template for good government. What countries have done with it in the, often, half-a-century or more since is their own fault. At the heart of the system is full and fair democracy, universal suffrage, the Rule of Law and, most important for good governance, the separation of powers between Church and State and between Parliament, the Executive and the Judiciary. A most distressing case before the English High Court two weeks ago for which the approved judgment was published yesterday proves why that model is so valuable.

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In recent weeks, largely because members of the media are concerned so the whole industry is in a bit of a tizz, there has been much made of the BBC's policy of requiring some people working there to work on contract, where the contract is between the BBC and a company owned and controlled by the contractor. There are perfectly good reasons why employers want such an arrangement but Her Majesty's Revenue and Customs have taken the view that this is a scheme designed to reduce personal income tax, especially where the contractor operated through an offshore company (often not in his or her own name). Now the whole situation has become...

Editorial Staff
Publication: 

The fine might seem small at only AUD43,200 but insurance is all about trust and when car insurer RAA Insurance was investigated by ASIC, it was found to have misled customers in its advertising. Oddly, the case can be illustrated by reference to cricket and the Australian Grand Prix, both within the past few days.

Editorial Staff
BIScom Subsection: 

We dislike Taboola's low-grade, spammy, click-bait rubbish that populates so many websites. We specifically use an ad-blocker code to make sure it is not displayed on any of our machines (||taboola.com). We really should get round to blocking it at router level. At some point, we've made that clear. But Taboola is so utterly stupid that it thinks spamming us with a suggestion we actually carry the very material we don't ever want to see is a good idea. The fun bit is at the very start of their spam, reproduced here, complete with addresses, so spam-harvesters can have a great time with them.

Nigel Morris-Co...
Publication: 

A correspondent asks "As a UK individual how do I report / alert the US authorities to the a craptocurrency used by employees and the Chairman of a group of companies with offices in St Louis, Missouri ?"

Here's the answer, and it explains differences between OFAC and FinCEN, etc. reports.

Nigel Morris-Cotterill
BIScom Subsection: 

er.. Wow. I thought I'd miss the Grid Girls (amazingly, I didn't notice they weren't there until someone pointed out that the parade as they left the grid carrying their signboards aloft didn't happen) and I thought I'd hate the halo (I did, until the racing started and then, except for one novelty moment, forgot it was there). I thought I'd be confused by the names of the tyres (I was, so I ignored it and it became irrelevant chatter) and I thought I'd be bemoaning yet another procession (actually, that was kind of true but it was a procession with enough drama to keep it interesting). Aside from the obvious colour changes, team...

Bryan Edwards
Publication: 

On 19th March, the USA's Office of Foreign Assets Control, a division of the US Treasury, which publishes lists of persons sanctioned under trade and economic policies, under policies that are political including but not limited to national security plus those under the USA PATRIOT Act announced that it was to include, where it has it, cryptocurrency data relating to subjects. Just what are they planning and what will it mean for crypto-currency holders and exchanges and businesses such as online auctions and advertising platforms?

Nigel Morris-Cotterill
BIScom Subsection: 

Don't say that: 

upgradation

Do say this: 

upgrade

One would think that, after the revelation that more than GBP1,000 million had been collected by form fillers providing entirely unnecessary services for those claiming PPI refunds, the market would have died. Maybe you'd have thought that the action against those pretending to be official websites would have discouraged others from doing something similar. And, of course, there's law that spamming individuals is a crime. Welcome to Magnetise Media Ltd which says it's registered by the Claims Management Regulator and listed by the Ministry of Justice. Hopefully Trading Standards and the Information Commissioner have files, too.

Editorial Staff
BIScom Subsection: 

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