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penalties

In two races, four penalties have been awarded against drivers who were on the inside of corners when an opponent made an ill-advised overtaking manoeuvre around the outside and, for his trouble, went off, alleging fault on the part of the driver who had been in front going into the corner.

So now it's clear: if you want to sabotage someone else's race, especially in the melée of the first lap, all you have to do is take a dive. Norris and Russell and, almost karma-like, Perez have all suffered penalties when someone else put themselves in harm's way and then complained about it.

CoNet Section: 

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.

BIScom Subsection: 

A recent court action against a car hire company demonstrates that the insurance sold with the car is not necessarily what hirers think it is.

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: 

According to a report in Business Insider, Mark Hayward, CEO of National Association of Estate Agents told the newspaper that “Fines are not publicly being made known but, anecdotally, we know they are significant,” The Money Laundering Regulations 2017 are at the heart of the HM Revenue and Customs action but The Criminal Finances Act also comes into play. The report refers to "fines" of "millions."

In an excellent, and enterprising, initiative, New York has used some USD58 million of the vast fines and penalties it has applied to foreign banks to help in an innovative crime prevention scheme aimed at young people who, in the absence of help, are more likely to rob banks than to work in them.

As a result of concerns raised by ASIC, American Express Australia Limited has agreed to change its approach to the charging of a higher ‘default’ rate of interest to credit card customers who have defaulted in their payment obligations. The policy currently affects 7.9% of credit card accounts issued by AMEX. As a result of the changes the holders of those accounts will receive a reduction in interest rate of up to 6%.

BIScom Subsection: