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Ronnie Corbett, CBE
was born on: 
4 December 1930
at: 
Edinburgh, Scotland
and died on: 
31 March 2016
at: 
London, England

It is a source of some consternation that representatives of Philippines bank RCBC continue to claim that they cannot disclose details of transactions relating to the transmission through the bank of moneys stolen from the Bank of Bangladesh because bank secrecy laws prevent it.

Here we set out why that position is nonsensicle, in the particular circumstances of the case and what can be done to resolve the position.

OVH is a cloud services provider. They ask that we write to them, via a form on their website, to report abuse. We did. Their system didn't work.

So here we are.

Dear OVH: You read it here first. Because your reporting system is broken and people are using your IP addresses to hammer our servers. Stop it.

CoNet Section: 
Case Summary: 

Gilbert G. Lundstrom of Lincoln, Nebraska, USA is 74 years old. He's been sentenced to 11 years in jail for his part in a scheme to hide more than USD100 million in losses from shareholders and investors in TierOne bank. He's also been fined USD1.2 million.

Type of conduct: 
Corporate fraud

Perhaps the most telling statement relating to yesterday's hijacking of a EgyptAir flight from Egypt to Cairo came from Egypt's Foreign Ministry, as quoted by the BBC: "He is not a terrorist he's an idiot. Terrorists are crazy but they are not stupid. This guy is."

Yet, for all his stupidity, his actions raise some serious questions.

CoNet Section: 

The attention focused on The Anti Money Laundering Council in The Philippines is largely unjustified. It can only what the law allows and, as World Money Laundering Report Vol 15 Number 2 will show, the law falls a long way short of ideal - and it's not only casinos.

But, as the graphic below shows, it's not the only problem AMLC has.

Nigel Morris-Co...

In June 2015, a Bill was introduced to the House of Lords. It had not been put before the House of Commons. It proposes to increase the age at which children are expected to know right from wrong from 10 years to 12 years. It is a very short Bill, reproduced below. The idea makes no sense and it diminishes child protection.

(pre-launch this article is free for all readers)

In 2009, an IRS inspection found "systemic" failures in the money laundering control systems at a small supermarket, Thriftway Food Mart which provided cheque cashing services and the sale of money orders, activities which require it to be registered as a Money Services Business with FinCEN and to impose and maintain appropriate systems. The sole proprietor of the business, who is also its compliance officer, was issued with a warning from FinCEN. So that's all good, then, you might think. Well, ... no.

Classification: 

Hey, Bert and Gert

I need your help. I met a girl online and went out with her.

I really tried to impress her.

At the heart of the Philippines aspect of the Bank of Bangladesh case appears to be a "businessman" known as Kim WONG. But in less than 30 seconds, we discovered that as recently as 2001, he held a Chinese passport in the name WONG Kam Sin - and used it to get out of The Philippines in the face of an investigation.

Column

It's easy to write off the Democrats as divided also-rans even as they are trying to make the most difficult decision of their party's history. The debate they don't want to have is this: who are we going to try to put in the White House, a woman or a Jew?

Trump, in the meantime, sits in the simple position that he's an intellectual minnow compared to the others, that he has no relevant experience, that his hairdresser is better than Sanders' but worse than Clinton's - and he speaks to the base concerns of REDnecks, WHITE Christians and BLUE collar Americans. His very irrelevance is carrying him through.

CoNet Section: 

It's a basic tenet of Formula One that the podium celebration takes place in a shower of champagne. Well..... not exactly. After 15 years, the deal for Mumm to sponsor the sport has ended. And the new sponsor is half a name and not a champagne.

 

Alonso Escapes Melbourne 2016 attribution unknownIf there is one thing that the F1 world can be pleased about, it's that the first race of the 2016 World Championship was often more like a junior kart race than top class single seater racing had become.

But an incident suggests that the halo driver protection is a terrible idea.

 

CoNet Section: 

At the opening round of the 2016 Formula One Championship in Melbourne Australia, the Ferrari drivers demonstrated superhuman powers of anticipation and dexterity as they shot off the line and their cars hit optimum revs and made optimum gear changes all the way into the first braking zone. Do Ferrari have a little extra somewhere in their systems?

CoNet Section: 

The new qualifying format for Formula One has shown that it's got the potential to make sorting out the grid positions more exciting than races often are. But it's not perfect.

CoNet Section: 

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