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This press release from the USA's Securities and Investment Commission is about an old-fashioned (alleged) fund management fraud in which crypto-assets were the hook by which investors were encouraged to put money into a scheme which was not, says the SEC, what the promoters said it was.

The Australian Securities and Investment Commission has alleged that unlicensed financial advice is being given in relation to the development of property by a company headquartered in Perth and that it relates to an unlicensed investment scheme. The facts as set out by ASIC imply other issues, too. ASIC has frozen the assets of Monica Kaur, MKS Property Investments/Developments Pty Ltd (MKS Property), Paradise Property Group Pty Ltd (Paradise Property) as well as against Sadu Singh, Melvin Paul Singh and Stephanie Lee. All but Lee have been banned from leaving Australia.

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"Callum Reece akhil"@vitelglobal.com is an interesting e-mail address.

But this is who an offer for loans purportedly comes from.

The reply-to address is akhil@vitelglobal.com - which makes the "from" address all the more strange and suggests that someone's e-mail account has been hijacked. Will the real Callum Reece please stand up?

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iSignthis is not an Apple device. Nor one of those iMassage services with mobile phone numbers spray painted on walls. It's an interlocking set of companies with iSignthis Limited listed on the Australian Stock Exchange (ASX) and the Frankfurt Stock Exchange. ASX and the Australian Securities and Investment Commission says it's been naughty. So what? So its customers are financial institutions buying in outsourced regulatory risk and compliance services in relation to e.g. financial crime.

Fintech, Regtech and the risks they present to your business.

Media Release 1 December 2020 18:00 HK time.

Temporary suspension of the Coin Cart services

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You'd have thought that you'd heard the last of US lobbyist Jack Abramoff, the self-styled lobbyist, film producer, writer and businessman when he was awarded the coveted additional position, without which no American businessman's career is, seemingly, complete: that of convicted felon. After all, when you've been jailed for fraud, conspiracy to commit bribery and tax evasion you'd keep your head down, wouldn't you.

But then again, when your entire career has been working with dodgy businesses and doing dodgy political deals, perhaps there's nothing left to do but be dodgy over cryptoassets. A crypto-coin especially designed to be resistant to money laundering: AML Bitcoin was tailor-made for Abramoff. Now he's awaiting sentence and the company behind it is in disarray - and spending investors' money on litigation.

But what lies behind it is even more fascinating and takes us on a global trek from Las Vegas via Texas to London, Singapore and Melbourne - then across the Pacific to...

31 December 2020 is a Thursday. 1 November is, therefore, Friday. The moment that is neither of them, midnight, is a pivotal moment in the history of financial services. It is at that moment that South Africa's banks become the banks that say "no." No to cheques that is. Anyone to tries to present a cheque after that moment, will be turned away.

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The voice sounds vaguely Scandinavian. It claims to represent "Capital Loan."

But the calls come at the same time each day, always from a number that purports to be in Edinburgh.

Here's a list of numbers that the authorities should investigate, that OFCOM should block and that you should ban from your telephone systems. If you get more, let us know and we'll add them.

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The Hong Kong Monetary Authority (HKMA) has developed a two-year roadmap to promote Regtech adoption in the Hong Kong banking sector, as laid out in a White Paper entitled “Transforming Risk Management and Compliance: Harnessing the Power of Regtech”.

(HKMA Media Release 3 November 2020 17:45 HK time)

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On 22 October 2020, following the settlement with prosecutors and regulators in the USA, the UK, Hong Kong and Singapore, the Board of Goldman Sachs, issued a statement on the affair.

It is published below, in its entirety, unedited.

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On 22 October 2020, following the settlement with prosecutors and regulators in the USA, the UK, Hong Kong and Singapore, David M. Solomon, Chairman and CEO of Goldman Sachs, wrote a memorandum to all employees.

It is published below, in its entirety, unedited.

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Dogs, palm trees, a rather individual way of life in the tropics - John McAfee - the chap who, effectively, created the software anti-virus industry - has long been a thorn in the side of the US authorities but exactly why he gets so much attention when so many other slide by is a mystery. Yes, there was something about a gun but now he's in trouble for making comments on Twitter. They say he "fraudulently touted" Initial Coin Offerings. Er.. isn't that tautology?

Below is a media release from the Monetary Authority of Singapore that says MAS has issued an order requiring Wirecard and associated business units to forthwith cease operations and to return all funds to customers no later than 14th October 2020. The release was issued on Saturday, 30 September. The date of the Order was not published in the release.

Press release: A recent ASIC surveillance has found that fund managers must do more to ensure their products are ‘true to label’ – that the product name aligns with the underlying assets.

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I abandoned using slides in presentations in Europe in the 1990s. Working in Asia, there was an expectation that there would be slides and if they were not used - and handed out to the audience - there was considerable criticism. In many cases, that persists. But in the 2000s, I reverted to presentations without slides which puts the onus on the audience to make notes. It's a policy I have extended to e-learning with intra-course Scenario pages and reinforcement for which note-taking is encouraged. It's why we chose against including a notepad in our e-learning system. My view was simple: I knew that the stuff I remembered best was the stuff I wrote down - even though my handwriting was so poor that, often, I couldn't read it back. The simple act of making notes locked information into my memory, even when I was doing it almost on autopilot whilst listening to what was being said. If it worked for me, I reasoned, it would work for everyone. New research by Hetty Roessingh, Professor...

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