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In what might just count as the simplest money laundering scheme ever, a senior officer of a US bank is to be banged up for two years.

A new report by ASIC into its supervision of registered liquidators between January 2017 to June 2018 reveals significant review of the regulation of the sector - and some pretty serious negative news about it.

CoNet Section: 

In American's frozen north, authorities in Alaska have identified persons they say were behind a website offering Distributed Denial of Service or DDoS services. DDoS is where, by one of several means, internet servers are bombarded with vast numbers of requests to the intent (and often the effect) that the websites are overwhelmed with the result that access is denied to legitimate visitors and those servers are presented from accessing the internet. In Anchorage, Alaska's biggest town but not its capital, U.S. Attorney Bryan Schroder has announced the seizure of an internet domain associated with DDoS-for-hire services as well as criminal charges against a Pennsylvania man who facilitated the computer attack platform.

CoNet Section: 

The EC has released a note on a meeting held last week between the EU's President Juncker and the UK's Prime Minister May. It's pathetic. Read it below. Then read on to find out why we say they are both right but they are both wrong.

Similar e-mails are being distributed naming businesses that it is common for financial services businesses to deal with. SWIFT and Western Union are the bait for the unwary. HSBC in Dubai makes an appearance, too, to increase the credibility of the scheme.

BIScom Subsection: 

Every dog has his day and, sometimes, every idiot gets his hands on a computer. Here's an example received at our registered office. Maybe it's not a a scam, but for sure it's not accurately targeted commercial mail, either.

BIScom Subsection: 

In the past day or so, a company called emailmovers limited using the domain xmr3.com have sent out a number of spam e-mails addressed to personal e-mail addresses at companies. They claim "Emailmovers is one of the UK's only B2B email data owners who provide Full Email Marketing services in house" which is, in itself a nonsensical statement.

But it's their claim for how many people they feel it's OK to send unwanted commercial email to that is interesting. Just how did they get it and how do they think it's legal to use it? And is it a predicate crime for money laundering purposes if they have breached GDPR?

Communications are the lifeblood of any commercial arrangement. So, when things go wrong and you need to fix them, an on-line chat is the quickest and best option: after all, while "your call may be recorded.." doesn't mean you get a record. So, on-line chats are a better solution. Or not.

(And there's more: an addendum to the original article makes things worse)

CoNet Section: 

One of the pluckiest teams in F1 for many years has been the outfit created by Peter Sauber and which has, more or less continuously, carried his name since (there was a short period where it appeared to be known as BMW). But now it's been adopted by the Fiat group which has gone from sticking the Alfa Romeo logo on the fin in return for money to a rather more involved - and stable - relationship. The announcement that the team would be renamed "Alfa Romeo Racing" made much of the long term funding. So does that mean the Sauber name is gone for evermore?

CoNet Section: 

The pent-up energy in the US government is being released apace. And, of course, the Inland Revenue Service is required to find the money the government needs and, as the shutdown demonstrated, it really doesn't hold much in reserve. And so, within hours of getting back to work, the IRS has issued a warning notice about something employers must do by.., oh, yes, today.

CoNet Section: 

CoNet Section: 

“The charges unsealed today are the result of years of investigative work conducted by the FBI and our law enforcement partners,” FBI Director Christopher Wray said announcing the charges "unsealed" by United States Attorneys Offices in the Eastern District of New York and the Western District of Washington. The list reads as if someone decided to find a copy Title 18 of the US Code and throw it at Huawei Technologies Co., Ltd. Sadly, Wray's language is political and intemperate and undermines the credibility of the action from the outset.

CoNet Section: 

Case Summary: 

We couldn't pass on the chance to copy and paste the above headline from the USA's FBI media service. The case is about smuggling restricted goods in breach of US sanctions and not about edible nuts.

Type of conduct: 
Sanctions - Breaches

You should neither know nor care exactly what criminal activity lies behind the link in this e-mail. The fact that it's fraud from beginning to end should be enough.

CoNet Section: 

It's pretty much an established truth that Mark Zuckerberg and his senior team cannot be trusted but their latest wheeze is of such monumental importance to everyone that's it's time every one left each and every one of various parts of the Facebook empire. Some parts will be more difficult than others, some things will involve value judgements as to the lesser evil but, at the end of the day, one keeps coming back to the fact that Facebook cannot be trusted and it's about to get worse. Messenger, Instagram and WhatsApp are to become a unified surveillance and reporting tool and every user is the target.

CoNet Section: 

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