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It's amazing: the old 419 scam still works enough for people to persist in using it. From mail in envelopes via, in some cases, telex and then fax and onto e-mail, they just keep on coming. This one purports to come from someone working at Barclays Bank.

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This morning, I received, in one of my corporate mailboxes, a spam which is disturbing on several levels, none of which are relevant to the core arguments in this piece so I've added the text in a footnote for readers' information.

What is relevant, and not disturbing, is that it demands payment to a specific bitcoin account.

This is it: 1JXuMq6sbL95XnrcDEsrZTCvvRjB52RCAD.

Governments and others are focussed on the person behind the account. There is another way, says Nigel Morris-Cotterill

Hardly a day goes by without a report of bad conduct by one of Australia's banks. It's not as if there are many of them and the result is that each of them is in the news for all the wrong reasons on an increasingly frequent basis. This time it's ANZ with a classic of charging fees but providing no service.

Really. How is this different from someone knocking on the door of an elderly couple, telling them there's a hole in their roof and saying "I'll repair it for a price of X" but collecting the money and doing nothing?

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If the domain name used to send a spam and the subject line are inconsistent, that's often a guide to the probability that a the spam is also a scam. If the subject matter of the content is unrelated to a domain name that indicates a connection to a specific subject, that is also an indicator. So digital@myrountrips.net writing about "Multiple revenue streams" and "The Most Profitable Digital Currency System in the World" ticks more than enough boxes. Then we are promised no-lose crypto-currency trading.

The fine might seem small at only AUD43,200 but insurance is all about trust and when car insurer RAA Insurance was investigated by ASIC, it was found to have misled customers in its advertising. Oddly, the case can be illustrated by reference to cricket and the Australian Grand Prix, both within the past few days.

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A correspondent asks "As a UK individual how do I report / alert the US authorities to the a craptocurrency used by employees and the Chairman of a group of companies with offices in St Louis, Missouri ?"

Here's the answer, and it explains differences between OFAC and FinCEN, etc. reports.

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On 19th March, the USA's Office of Foreign Assets Control, a division of the US Treasury, which publishes lists of persons sanctioned under trade and economic policies, under policies that are political including but not limited to national security plus those under the USA PATRIOT Act announced that it was to include, where it has it, cryptocurrency data relating to subjects. Just what are they planning and what will it mean for crypto-currency holders and exchanges and businesses such as online auctions and advertising platforms?

One would think that, after the revelation that more than GBP1,000 million had been collected by form fillers providing entirely unnecessary services for those claiming PPI refunds, the market would have died. Maybe you'd have thought that the action against those pretending to be official websites would have discouraged others from doing something similar. And, of course, there's law that spamming individuals is a crime. Welcome to Magnetise Media Ltd which says it's registered by the Claims Management Regulator and listed by the Ministry of Justice. Hopefully Trading Standards and the Information Commissioner have files, too.

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An indictment alleges accused "tricked homeowners into signing fraudulent deeds on their properties and then allegedly used the fraudulent deeds to extort money from homeowners, charge homeowners illegal fees to delay foreclosure and eviction actions and to steal some homes outright."

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Titled "PROPOSED CHANGES TO THE DFSA’S ANTI MONEY LAUNDERING, COUNTER-TERRORIST FINANCING AND SANCTIONS REGIME," the consultation paper was issued on 18 February 2018 and the consultation period ends on 24th March 2018.

Notes by Nigel Morris-Cotterill, The Anti Money Laundering Network

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Brenton John Poynter of Baulkham Hills, NSW has been banned from providing financial services by Australian regulatorm, the Australian Securities and Investments Commission (ASIC). His offence is startling.

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Sixty-four year old Dharam Prakash Gopee has been convicted of being an illegal money lender. At Southwark Crown Court in London last week he was sentenced to three and a half years in jail. But it's the Financial Conduct Authority's action that makes the case interesting.

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The World Bank, the leading provider of natural disaster risk insurance for emerging and developing countries, has issued catastrophe bonds that will provide a total of USD1,36 million in earthquake cover to Chile, Colombia, Mexico and Peru.

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There is something off here: you can use your credit card to buy pornography of the most awful and depraved kinds ,you can use your credit card to place illegal wagers or take part in illegal gambling, you can use your credit card to buy drugs, legal and illegal from illegal or at least dubious sources or to put money at risk in pump and dump schemes and the banks and credit card companies are adamant that they cannot identify and prevent such transactions. And yet, when their own business models are under threat, suddenly they are able to identify and prevent the purchase of cryptocurrencies such as bitcoin, Ethereum and Ripple plus many, many more.

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