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BankingInsuranceSecurities.Com

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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RIZWAN HUSSAIN has been jailed in the Central London Country Court (a court of first instance) by HH Lethem, J. Hussain has squirmed, wriggled and lied so as to remain in a flat he rented in South West London.

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Our sister venture, Financial Crime Risk and Compliance Training, has released a micro-course about Deutsche Bank, the New York Department of Financial Services and Jeffery Epstein.

The case creates a new class of risk for all regulated businesses everywhere in the world. There is an early bird discount.

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In his blog (here), Nigel Morris-Cotterill talks of chickens coming home to roost, a lack of attention by regulators too anxious to become FinTech hubs and the constraints on prudential management of FinTechs operating across borders, especially under the EU's central regulatory regime.

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Sometimes, one has to shake one's head in wonder. on 23rd October 2017, the UK's Financial Conduct Authority issued a notice about what it calls a "cloned firm." It's not a firm, it's a company. It would be really helpful if regulators used language more precisely. Anyway, it was this "Century Finance/Century Finance Services Limited/ Century Finance UK Limited."

The idiot that's running the scam has just sent to me - me, of all people - his pitch.

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A spam appearing using the name of Santander links to a fake website.

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This morning's crop of overnight spam that made it through the preliminary filters arrived via a contact form relating to this very site. Ordinarily, form spams are either destroyed or reported on, partly because, even using bots, the scams that get through the anti-spam systems on the forms are a cut above the junk that comes in by mail and, often, present new - or at least new to us - threats. This one is carefully crafted, almost as if it's been revised several times to get it right. And, if it were to hit its intended target - investment businesses - it would at least cause a costly waste of time. But only time because, good as it is, it suffers from a significant flaw.

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