| | | Effective PR

The Carbolic Smoke Ball case gave carte blanch for businesses to lie so long as they didn't go too far.

But that related to the efficacy of their products.

Here's an extraordinarily blatant lie that is so common that it's a surprise that it's not stamped on as a matter of policy.

FCRO Subsection: 

It's obvious as one reads around the 'net that while the hardware and software cartels have decided that floppy disks are obsolete, that is not how many users see it. What happens when your backups of old files are on floppies that you've not looked at for 20 years because you haven't needed them in that time?

adviserangelo0@gmail.com (Advisor Angelo) writes under the subject line "VERY URGENT!!!!!!!!!"

Obviously, one has to pay careful attention to such a missive.

FCRO Subsection: 

We're used to weather at the mighty Spa-Francorchamps circuit in the Ardennes forest. Like many racing circuits, it has a micro-climate and, because of its trees, it is usual for moisture to hang around instead of burning off or blowing away.

But the 2021 Belgian Grand Prix was something else entirely.

CoNet Section: 

Ben Geldenhuys' personal and powerful contribution to the vaccination debate that goes beyond the immediate question of CoVid-19.

The situation in Afghanistan is appalling. Exactly how appalling, we cannot know unless we are present. As journalists fly in, report from the tarmac or, in one case, from just outside the airport gates as bullets flew, we get a multitude of one-dimensional pictures that create a collage but not a cohesive whole. Stories of abuse are rife but on the other hand so are stories that the Taliban is far from the version of 20 years ago. All we can say is that the situation is extraordinarily complex, dangerous and it's likely to become far, far worse.

In the middle of all of this, a mail arrives. It's headed "Urgent request from Mohammed."

FCRO Subsection: 
Name of Crypto-asset (e.g. bitcoin, ripple) demanded by extortionist: 

bitcoin

GlobalKYC -Suspicious Wallet Number: 

1Dz3tE5mspT4fk9fxkfZk6fBcgav28XxRd

If like me you often have two or more website admin panels open simultaneously, perhaps even in the same browser window, all using the same theme (most likely "Seven") it's easy to get confused.

There's a very simple trick to help avoid confusion.

Name of Crypto-asset (e.g. bitcoin, ripple) demanded by extortionist: 

bitcoin

GlobalKYC -Suspicious Wallet Number: 

12djMjPKd6Bv2BaXUNVuAjnuusKA66qCkX

It sounds very American but the "Office of Financial Sanctions Implementation" is a part of the UK Treasury, effectively the equivalent of the USA's Office of Foreign Assets Control, OFSI as against OFAC, then. OFSI is gaining increased attention since the UK left the EU, as the UK begins to develop its own financial sanctions regime.

This case is brought under EU-era law. Importantly, it is also against a FinTech company, a sector widely considered under-regulated and lacking in compliance structures.

Publication: 

It would be easy, after all the negativity from Red Bull and Verstappen to see the Dutchman's first corner crash at the Hungaroring as karma but nothing could be further from the truth; nor could any implication that it was caused by a Mercedes to further undermine his title challenge. The simple fact is that a near-inevitable chaotic start to the race nearly put out half-the field of which Verstaapen was one of the entirely innocent pins in a high-speed game of skittles.

CoNet Section: 

Talk about walking in someone else's footsteps: the founder of an electric vehicles manufacturer is the subject of proceedings issued by the USA's Securities and Exchange Commission in respect of comments he made, especially on social media, about the company, its products and prospects. It's not Tesla: it's Nikola.

Don't blame us - we don't make stuff up, you know.

BIScom Subsection: 

This week the International Standards Agency launches ISO37002. It's much needed, dealing as it does with whistleblowing and compliance.

But as with all the ISO's management standards, it comes with a barrier to entry that limits its use.

It's time for a different model.

CoNet Section: 

"Semantic Software Asia Pacific Limited (SSAP), an Australian research and development company based in Sydney, has released the first suite of its Semantic Computing Platform, Semantiro, described as a fundamental building block to achieving a complete cognitive environment."

That's what the company said in a press release so laden with buzzwords that we, honestly, have no idea what it's trying to tell us.

Australian regulators have other concerns and this morning ASIC obtained a Court Order to wind up the company and the appointment of provisional liquidators.

The reasons for the Order should be a warning for those buying mission-critical tech from unproven companies. Semantic was an artificial intelligence development company that based in North Sydney.

CoNet Section: 

In a criminal prosecution brought by the Australian Securities and Investment Commission, ASIC, the financial regulator, two out of five criminal charges brought against an alleged fraudster were dropped because the witnesses in those cases became "unavailable." The charges related to conducting an unauthorised financial services business and to soliciting moneys which were used improperly.

Nevertheless, the accused has pleaded guilty to the remaining three charges at the door of the court before his trial commenced yesterday.

It's a long and convoluted story across years and jurisdictions as well as various enforcement agencies.

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