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Details of a SIM Port Hack

The Most Expensive Lesson Of My Life: Details of SIM port hack I lost north of $100,000 last Wednesday. It evaporated over a 24-hour time span in a “SIM port attack” that drained my Coinbase account. It has been four days since the incident...

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Father and son ‘used charities to hide £10m from illegal prescription drugs’

Father and son ‘used charities to hide £10m from illegal prescription drugs’ A father and son laundered more than £10 million from the illegal sale of Viagra and slimming pills through charities they set up to tackle Jewish poverty, a court...

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EU Agrees Rules To Protect Whistleblowers From Retaliation

EU Agrees Rules To Protect Whistleblowers From Retaliation   European Union lawmakers announced on Tuesday that they have agreed to adopt rules designed to encourage individuals to blow the whistle on companies that breach the bloc’s laws,...

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The Use of Scottish Limited Partnerships in Money Laundering Schemes

The Use of Scottish Limited Partnerships in Money Laundering Schemes Written for MLROs.com by Jaccy Gascoyne    “Scottish Limited Partnerships are attractive to money launderers because they can provide anonymous ownership and control, while...

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Lisa Osofsky to head up SFO

Lisa Osofsky to head up SFO   American Lisa Osofsky is to become the next director of the UK’s Serious Fraud Office. Mark Thompson was appointed as the office’s temporary director last month and will return to his job as chief...

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FCA makes changes to investment advice requirements

FCA makes changes to investment advice requirements The UK’s Financial Conduct Authority has published a policy statement in which it ‘retires’ its finalised guidance relating to inducements and conflicts of interest (FG14/1) and...

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ALFI and ABBL Publish New Guidelines

ALFI and ABBL Publish New Guidelines and Recommendations for Depositaries   ALFI, the Association of the Luxembourg Fund Industry, and the Luxembourg Bankers’ Association, otherwise known as the ABBL, have issued a revised version of their...

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UK Government Announces Wide-Ranging Changes for Both Retail and Online Gambling in the UK

UK Government Announces Wide-Ranging Changes for Both Retail and Online Gambling in the UK SPEED READ On 17 May 2018, the U.K. Government published its “response to the consultation on proposals for changes to Gaming Machines and Social...

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FATF Release 4th Round Ratings

FATF Release 4th Round Ratings Through its nine FATF-Style Regional Bodies (FSRBs), the FATF brings together a global network of 203 jurisdictions that have each committed at the highest political level, to implementing the FATF Recommendations. FATF...

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Staley to Keep His Job at Barclays

Staley to Keep His Job at Barclays   The UK’s conduct and prudential regulators have now concluded their investigations regarding Jes Staley, the group CEO of Barclays Bank, in relation to his attempt to identify the author of an anonymous...

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