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California's Attorney General Xavier Becerra and San Francisco's District Attorney George Gascón will host a press conference to announce a USD148 million, multi-state settlement with Uber over a 2016 data breach. That's all a bit prosaic. This is the extraordinary story behind it and it is anything but prosaic. And it is, at least in part, the middle of the beginning of the end, as CEO, of Uber's founder Travis Kalanick.

CoNet Section: 

This morning, Commissioner for Employment, Social Affairs, Skills and Labour Mobility, Marianne Thyssen, received Michael O'Leary, CEO of Ryanair. The meeting took place at the request of Mr O'Leary, to discuss the current dispute at the airline company on the application of EU labour law and the steps Ryanair is taking.

CoNet Section: 

Editorial Staff

On 2 July, 2018, OFAC issued a recent action notice [ https://www.treasury.gov/resou... ] notifying persons holding property blocked pursuant to OFAC sanctions regulations published in Chapter V of Title 31 of the Code of Federal Regulations of the requirement, as outlined in 31 C.F.R. 501.603, to provide OFAC with a comprehensive report on all blocked property held as of June 30 of the current year by 30 September.


Media Release : issued 24/09/2018 20:59

The Monetary Authority of Singapore (MAS) today published an Enforcement monograph to provide greater clarity and transparency into how MAS deters, detects, investigates and takes action against breaches of the rules and regulations it administers. The monograph outlines how MAS’ Enforcement Department works together with the other financial sector oversight functions in MAS to uphold Singapore’s reputation as a clean and trusted financial centre.

BIScom Subsection: 

Australia's ASIC is warning companies that they have until only 27 September to file a new set of data.

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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.

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.

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...

BIScom 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.

FCRO Subsection: 

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.

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.

CoNet Section: 

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.

CoNet Section: 

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.

CoNet Section: