CITY OF LONDON POLICE AND ACTION FRAUD

On 29 July, a news release from the City of London Police (lead force in the UK on financial fraud) responds to a Times article on the replacement of the criticised Action Fraud agency.  It stresses that there is no intention to “scrap” the Action Fraud service; the service provided by Action Fraud is continuing – but the contract with the current supplier was due to end in 2022 and it was always the intention to procure a new supplier to take on the service beyond this.  It goes on to says that, as with all service procurements, this will take some time and we have extended the current contract past its end date in 2022 to ensure a smooth transition period.

https://www.cityoflondon.police.uk/news/city-of-london/news/2021/july/city-of-london-polices-response-to-an-article-published-in-the-times-today-about-action-fraud

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

INDICATORS OF MONEY LAUNDERING OF PROCEEDS FROM HUMAN TRAFFICKING FOR SEXUAL EXPLOITATION

On 30 July, FINTRAC in Canada has released updated indicators, thus updating its 2016 publication on such red flags. 

https://www.fintrac-canafe.gc.ca/intel/operation/oai-hts-2021-eng.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

OTHER THINGS YOU MAY HAVE MISSED – JULY 30

Catching up on stuff from before set off on Staycation…

30 JULY 2021

IS CAMEROON BECOMING CENTRAL AFRICA’S BABY TRADING HUB?

On 14 July, ENACT Observer reported that police opened an investigation into a network of traffickers who allegedly buy babies from the country and then sell them in the Democratic Republic of the Congo (DRC), Gabon, Equatorial Guinea, Nigeria and Chad.  This is not the first-time baby trading and trafficking has been linked to the country.  Cameroon-based syndicates record and send videos of poor teenage mothers to the traffickers in the DRC to register their willingness. Other actors include medical experts, such as nurses, and babysitters who provide support and care for the pregnant girls and their infants in illegal shelters where the babies are kept in transit. The presence of these experts indicates the high value of babies that are traded.

https://enactafrica.org/enact-observer/is-cameroon-becoming-central-africas-baby-trading-hub

WHY KENYA’S CHARCOAL BANS DON’T WORK

On 28 July, an article from ENACT Observer says that Kenya’s charcoal industry may be mostly informal, but it’s a big deal to the millions of people who rely on it for fuel or to earn a living – and is Kenya’s fourth biggest revenue earner after tourism, horticulture, and tea.  But charcoal production is taking a toll on local ecosystems. To address environmental concerns, the Kenyan government has imposed a series of trade bans on the charcoal business. The article explains why these are not working.

https://enactafrica.org/enact-observer/going-deeper-underground-why-kenyas-charcoal-bans-dont-work

GERMAN SOCIALITE ART COLLECTOR JAILED IN UK FOR KUSAMA PUMPKIN FRAUD

On 29 July, Bloomberg Quint reported that a German art collector was sentenced to 3½ years in prison less time she’d already served after admitting to an art fraud involving the fake sale of a $1.3 million yellow pumpkin sculpture by Yayoi Kusama.  Angela Gulbenkian, married into oil baron Calouste Gulbenkian’s family, took the money from a Hong Kong-based art dealer but never delivered the artwork.

https://www.bloombergquint.com/onweb/art-collector-sentenced-to-3-1-2-years-over-1-3-million-fraud

CROWN PERTH DIRECTORS DENY KNOWLEDGE OF ALLEGED MULTI-MILLION-DOLLAR MONEY LAUNDERING ACCOUNT

On 30 July, ABC News reported that past and present directors of a key Crown Perth company say they were never told about the existence of a bank account allegedly used by international criminal syndicates to launder hundreds of millions of dollars.

https://www.abc.net.au/news/2021-07-30/crown-perth-directors-deny-knowledge-of-money-laundering-account/100332860

US PLANNING TO TARGET IRAN DRONE, GUIDED MISSILE PROGRAMMES WITH SANCTIONS
On 29 July, The Hill reported that the US is reportedly planning to issue sanctions targeting Iran’s drone and guided missile programmes, with officials citing potential threats to US national security.  The planned actions are aimed at disrupting the development of Iran’s weapons programme.

https://thehill.com/policy/defense/565452-us-planning-to-target-iran-drone-guided-missile-programs-with-sanctions-report?rl=1

https://www.arabnews.com/node/1902451/middle-east

UKRAINE IMPOSES SANCTIONS AGAINST RUSSIAN E-TAILER WILDBERRIES AND EU-BASED NGO RELATED TO THE DONETSK PEOPLE’S REPUBLIC

On 28 July, Baker McKenzie reported that Ukraine has imposed economic sanctions against 6 individuals and 10 entities, including 3 non-profit organisations related to the self-proclaimed Donetsk People’s Republic.

https://sanctionsnews.bakermckenzie.com/ukraine-imposes-sanctions-against-russian-e-tailer-wildberries-and-certain-eu-based-ngos-related-to-the-self-proclaimed-donetsk-peoples-republic/#page=1

AML: EU-LEVEL SUPERVISION AND A SINGLE RULEBOOK BY THE END OF 2025

On 29 July, Irish law firm Arthur Cox produced an article outlining EU plans published by the EU, including for a new EU-level Authority for Anti-Money Laundering and Countering the Financing of Terrorism.  In addition, the existing AML/CFT framework will be recast into an EU regulation with direct effect in all Member States. This will remove the need for all EU AML/CFT rules to be transposed into the laws of each Member State, thereby reducing the risk of regulatory divergence.

https://insights.arthurcox.com/post/102h40b/aml-eu-level-supervision-and-a-single-rulebook-by-the-end-of-2025

IRELAND: PROPOSED AMENDMENTS TO AUDIT STANDARDS SET TO PLACE A GREATER ONUS ON AUDITORS TO DETECT FRAUD

On 29 July, Field Fisher reported that the Irish Auditing and Accounting Supervisory Authority (IAASA) recently issued a consultation paper, outlining IAASA’s proposals to amend a current audit standard, which will place a greater onus on auditors to assess companies’ financial statements for fraud.  The proposed effective date of the revised standards in Ireland is for the audits of financial statements with accounting periods beginning on or after 15 December.

https://www.fieldfisher.com/en-ie/locations/ireland/ireland-blog/proposed_amendments_to_audit_standards_set_to_place_a_greater_onus_on_auditors 

TAIWAN HARBOUR WORKER REFUSES BRIBE AND REPORTS CIGARETTE SMUGGLING TO AUTHORITIES

On 29 July, Taiwan News reported that a harbour worker in Kaohsiung turned down a US$10,700 bribe to look the other way when smuggled cigarettes arrived, and he reported the fact to the authorities.  The case involved a container full of cabbages from China substituted with a container of smuggled cigarettes. 

https://www.taiwannews.com.tw/en/news/4260698

GIABA HOLDS TRAINING ON LIBERIA’S MUTUAL EVALUATION ON COUNTRY’S AML/CFT REGIME

On 30 July, All Africa reported that FATF-style regional body GIABA will hold a Pre- Assessment Workshop on the second round of Mutual Evaluation of Liberia’s Anti Money Laundering and Counter-Terrorist Financing (AML/CFT) regime by GIABA.  This is in preparation for the on-site evaluation in February.

https://allafrica.com/stories/202107300479.html

AUSTRALIAN LOBSTERS ‘SMUGGLED TO CHINA’ DESPITE TRADE BAN

On 8 July, 9 News in Australia reported that, despite a Chinese ban, demand for rock lobsters continues to be strong, with some being smuggled into mainland China.

https://www.9news.com.au/national/australian-lobsters-smuggled-into-china-from-hong-kong-trade-tensions-ban/e0ece283-0dfc-4250-b238-156ddbf550ea

INDIA: UNITECH MONEY LAUNDERING CASE – LONDON HOTEL RESTRAINED

On 30 July, India Today reported that the Enforcement Directorate has attached a hotel in London owned by a UK-based firm in connection with the money laundering case against Unitech Group.

https://www.indiatoday.in/india/story/unitech-money-laundering-case-ed-attaches-london-hotel-worth-rs-58-crore-1834749-2021-07-30

DAIMLER IS FIGHTING THE TRADE IN FAKE REPLACEMENT PARTS

On 30 July, Automotive World reported that Daimler has continued its efforts to combat product counterfeiters with even more intensive measures in 2020.  The focus was above all on safety-related products such as fake brake discs or wheels.  It is said that over 1.7 million counterfeit Daimler products were confiscated in 2020, and the company initiated and supported over 550 raids by the authorities -although, owing to the worldwide lockdown, numerous raids had to be postponed.

https://www.automotiveworld.com/news-releases/increase-in-online-counterfeit-products-daimler-is-fighting-the-trade-in-fake-replacement-parts/

IRELAND: JUDGE RULES 84 VEHICLES SEIZED IN TIPPERARY REPRESENT PROCEEDS OF CRIME

On 30 July, The Carlow Nationalist and others reported that a High Court judge has ruled that 84 motor vehicles and a trailer seized by the Criminal Assets Bureau from a motor dealer’s yard in Co Tipperary represent, directly or indirectly, the proceeds of crime.  The judge concluded, from evidence presented by CAB, that Agne Khan and her husband Khurran Khan, who live in the UK West Midlands, were “at the heart of very large mandate frauds” and others, such as Jawad Khan, were employed in motor dealership businesses used to launder proceeds.

https://carlow-nationalist.ie/2021/07/30/judge-rules-84-vehicles-seized-in-co-tipperary-represent-proceeds-of-crime/

CHINA: FORMER SENIOR BANKING REGULATOR PROBED

On 30 July, Caixin reported that Cai Esheng, a former vice-chairman and Communist Party committee member of the now-defunct China Banking Regulatory Commission (CBRC), has been put under investigation by the country’s top anti-corruption watchdog. 

https://www.caixinglobal.com/2021-07-30/former-senior-banking-regulator-probed-by-graft-buster-101749007.html

REFORM OF THE GERMAN TRANSPARENCY REGISTER ENTERS INTO FORCE

On 30 July, Taylor Wessing reported that on 1 August significant amendments to the German Anti-Money Laundering Act (Geldwäschegesetz, or “GWG”) will enter into force and which will significantly increase the importance of the German transparency register – with new reporting obligations for these companies triggered.

https://www.taylorwessing.com/en/insights-and-events/insights/2021/07/aenderungen-zum-transparenzregister-treten-in-kraft

EDPB ISSUES DRAFT GUIDELINES ON CODES OF CONDUCT FOR DATA TRANSFERS

On 30 July, CMS Law reported that the European Data Protection Board (EDPB) has issued its draft Guidelines on the codes of conduct to be used as a tool for facilitating data transfers – the second in a series that provide details and practical information on the provisions of the GDPR regarding codes of conduct.  The guidelines are open for public consultation until 1 October.

https://www.cms-lawnow.com/ealerts/2021/07/edpb-issues-draft-guidelines-on-codes-of-conduct-for-data-transfers

https://edpb.europa.eu/system/files/2021-07/edpb_guidelinescodesconducttransfers_publicconsultation_en.pdf

AUSTRALIA PREPARES TO DEPORT ‘NDRANGHRETA LEADER TO ITALY

On 29 July, OCCRP reported that Australia plans to deport convicted drug trafficker Francesco “Frank” Madafferi, who has been in an Australian prison since 2014 for helping import from Naples some 15 million ecstasy pills concealed in tomato tins.  It is also reported that  that his own lawyers, were police informants while ostensibly defending him.. Acquaro was shot dead outside of his office in 2016, after it was revealed that Gobbo was an informant.

https://www.occrp.org/en/daily/14925-australia-prepares-to-deport-ndranghreta-leader-to-italy

8 ARRESTS FOLLOWING THE SEIZURE AT SEA OF 15 TONNES OF HASHISH BY SPANISH AUTHORITIES

On 30 July, a news release from Europol advised that police have dismantled an organised crime network involved in large-scale drugs trafficking, arresting 8 of its members. These criminals were about to smuggle 15 tonnes of hashish into Spain when they were arrested. 

https://www.europol.europa.eu/newsroom/news/8-arrests-following-seizure-sea-of-15-tonnes-of-hashish-spanish-authorities

SOUTH AFRICA: SECURITY AND OPERATIONAL THREATS TO PERSIST

On 30 July, Control Risks issued this warning after the violent unrest in KwaZulu-Natal and Gauteng provinces in South Africa prompted by the sentencing and subsequent imprisonment of former president Jacob Zuma has begun to ease.

https://www.controlrisks.com/our-thinking/insights/south-africa-security-and-operational-threats-to-persist

RE-EVALUATING COMPLIANCE RISK ASSESSMENTS IN TODAY’S WORLD

On 30 July, Control Risks published an article presenting 5 considerations for demonstrating awareness of an evolving risk profile and for preventing and detecting issues.  It says that regulators expect one to meaningfully consider evolving risk, and to design procedures to detect when risk events occur and revise processes as new lessons are learned.  It says that the very nature of the “new normal” and subsequent changes to the business environment result in an evolving risk profile.   If anything, companies should be working harder than ever to demonstrate awareness of their evolving risk profile and doing everything feasible to prevent and detect issues.

https://www.controlrisks.com/our-thinking/insights/reassessing-compliance-risk-assessments-in-todays-world

COLOMBIA’S COCAINE KEEPS ON REACHING NEW HEIGHTS

On 30 July, Insight Crime reported that, while the amount of coca crops in Colombia has dipped for the third year, the country’s cocaine production continues to reach record highs, according to new figures from the UN.  It says that, while the trends may appear perplexing, there are reasons – technical, territorial and criminal – that coca and cocaine figures may plausibly be at odds.

https://insightcrime.org/news/colombia-cocaine-keeps-reaching-new-heights-unodc/

WHAT DOES THE UK NATIONAL SECURITY AND INVESTMENT ACT 2021 MEAN FOR FINANCE TRANSACTIONS?

On 30 July, Eversheds Sutherland published a briefing posing this question and focused on the potential implications of the Act on finance transactions. For the background and detail of the content of the Act it refers one to the briefings and podcast published by its Competition, EU and Trade team.  It briefly explains what the Act is and the sectors affected, mentions guidance issued by the UK Government and then goes on to list the 5 ways the Act may impact on finance transactions.

https://www.eversheds-sutherland.com/global/en/what/articles/index.page?ArticleID=en/Financial_services/nsi-act-finance

ISLE OF MAN: AML/CFT SUPPLEMENTAL INFORMATION DOCUMENT

On 30 July, the FSA published this supplement to the AML/CFT Handbook released on 23 July.  The new information requirements and guidance for persons, entities and arrangements which are covered by various Acts under which the various regulated industries operate in the Island. 

https://www.iomfsa.im/amlcft/amlcft-requirements-and-guidance/

https://www.iomfsa.im/fsa-news/2021/jul/amlcft-publication-of-the-amlcft-handbook-july-2021/

ADELAIDE MAN CHARGED OVER ALLEGED $38.5 MILLION TAX FRAUD

A news release from the Australian Federal Police on 30 July advised that a 74-year-old South Australian had been charged in relation to an alleged taxation fraud spanning 15 years and totalling more than $38.5 million.  Authorities allege the accused failed to disclose overseas trust assets in his income tax returns and therefore evaded income tax in Australia between 1999 and 2013.

https://www.afp.gov.au/news-media/media-releases/adelaide-man-charged-over-alleged-385m-tax-fraud

THE GLOBAL EXPANSION OF RUSSIA’S PRIVATE MILITARY COMPANIES

On 23 July, an article from the Center for Strategic and International Studies examines Russia’s growing use of private military companies (PMC) to increase its influence through irregular means. Although Russian PMC present only one of a variety of national security threats and challenges facing the US, this report assesses that they warrant a more substantive and coordinated response from the US and its partners.

https://www.csis.org/analysis/russias-corporate-soldiers-global-expansion-russias-private-military-companies

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

THINGS YOUMAY HAVE MISSED – JULY 30/31

Still away, and operating on limitations (including trying to have a good time!),so apologies once more for any shortcomings…normal service should return shortly. Meanwhile –

30 July 2021

Panama Covid-19 update – 915 new cases, 10 new fatalities, 434,460 cases to date and 6,808 fatalities.  Currently, 12,387 active cases, 104 in ICU, 444 in other wards and 343 in hospital hotels.  There have been 10,854 tests carried out, with a “hit rate” of 8.3%.

IRAN NUCLEAR MILESTONES: 1967-2021 AND IRAN MISSILE MILESTONES: 1985-2021

The Wisconsin Project on Nuclear Arms Control has produced these 2 timelines that put the current situation re Iran and its nuclear and missile development into context.

https://www.iranwatch.org/our-publications/weapon-program-background-report/iran-missile-milestones-1985-2020

https://www.iranwatch.org/our-publications/weapon-program-background-report/iran-nuclear-milestones-1967-2017

LEBANON: EU ADOPTS A FRAMEWORK FOR TARGETED SANCTIONS

On 30 July, the EU Council announced that it had adopted a framework for targeted restrictive measures to address the situation in Lebanon. This framework provides for the possibility of imposing sanctions against persons and entities who are responsible for undermining democracy or the rule of law in Lebanon.  Sanctions consist of a travel ban to the EU and an asset freeze for persons, and an asset freeze for entities. In addition, EU persons and entities are forbidden from making funds available to those listed. 

https://www.consilium.europa.eu/en/press/press-releases/2021/07/30/lebanon-eu-adopts-a-framework-for-targeted-sanctions/?utm_source=dsms-auto&utm_medium=email&utm_campaign=Lebanon%3a+EU+adopts+a+framework+for+targeted+sanctions

OFAC DESIGNATES CUBAN POLICIA NACIONAL REVOLUCIONARIA AND ITS DIRECTOR AND DEPUTY DIRECTOR

On 30 July, OFAC announced that it has designated the POLICIA NACIONAL REVOLUCIONARIA alongside both the Director and Deputy Director under the Global Magnitsky sanctions regime.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210730

https://home.treasury.gov/news/press-releases/jy0298

ICE ANNOUNCES FIRST RESOURCE GUIDE TO AID HUMAN TRAFFICKING VICTIMS

On 30 July, US Immigration and Customs Enforcement issued a news release saying that it had released a resource guide to assist federal, state, local, tribal, and territorial law enforcement agencies nationwide with their human trafficking investigations and prosecutions. When used by law enforcement, it is a tool that will help increase the likelihood of success in human trafficking investigations and prosecutions.

https://www.ice.gov/news/releases/ice-announces-first-resource-guide-aid-human-trafficking-victims

UK WASTE COMPANY FINED £1.5 MILLION FOR ILLEGALLY EXPORTING HOUSEHOLD WASTE

On 30 July, The Guardian reported that the UK’s largest waste company, Biffa, has been fined £1.5 million after exporting filthy rubbish marked as waste paper for recycling in India and Indonesia, in actions a judge called “reckless, bordering on deliberate”.  The case sees the second time in 2 years that the company has been fined for illegally exporting household waste.  In addition to the fine, Biffa was ordered to pay costs of £153,827.99, and a proceeds of crime order of £38,388.  In 2019, Biffa was fined £350,000, with costs of £240,000 and a proceeds of crime order of £9,912, for sending household waste, described as waste paper, to China between May and June 2015.

https://www.theguardian.com/environment/2021/jul/30/uk-waste-firm-fined-15m-for-exporting-household-waste

ISRAEL BLAMES IRAN FOR ATTACK ON TANKER THAT KILLED BRITISH SECURITY GUARD AND ROMANIAN CREWMAN

On 30 July, The Guardian reported that the Liberian-flagged Mercer Street, which is linked to an Israeli tycoon, was hit off the coast of Oman in what is thought to have been a swarm attack involving multiple drones.  Though the vessel is Japanese owned, it is managed by an Israeli-owned company, Zodiac Maritime, part of the billionaire Eyal Ofer’s Zodiac Group.

https://www.theguardian.com/world/2021/jul/30/two-reportedly-killed-in-attack-on-israeli-linked-oil-tanker-off-oman

US, AUSTRALIAN AND UK AGENCIES RELEASE JOINT ADVISORY ON TOP ROUTINELY EXPLOITED VULNERABILITIES

On 26 July, Homeland Security Today reported that CISA, FBI, NCSC and ACSC had released a joint advisory on top routinely exploited vulnerabilities. The Joint Cybersecurity Advisory was co-authored by the US Cybersecurity and Infrastructure Security Agency (CISA), the Australian Cyber Security Centre (ACSC), the UK National Cyber Security Centre (NCSC), and the FBI. It provides details on the top 30 vulnerabilities—primarily Common Vulnerabilities and Exposures (CVE)—routinely exploited by malicious cyber actors in 2020 and those being widely exploited thus far in 2021.

https://www.hstoday.us/subject-matter-areas/cybersecurity/cisa-fbi-ncsc-and-acsc-release-joint-advisory-on-top-routinely-exploited-vulnerabilities/

https://us-cert.cisa.gov/ncas/alerts/aa21-209a

NIGERIA: PIRATES WHO HIJACKED A CHINESE VESSEL IN 2020 SENTENCED TO PRISON

On 27 July, Homeland Security Today reported that a court in Nigeria has sentenced 10 pirates to prison for hijacking a Chinese fishing vessel, FV Hai Lu Feng II, in May 2020.  They were convicted under the Suppression of Piracy and Other Maritime Offenses (SPOMO) ACT which was signed into Law by President Muhammadu Buhari in 2019 and which has been described as a major stride in Nigeria’s quest in ensuring prosecution of criminals in the Nigerian maritime domain.

31 July 2021

Panama Covid-19 update – 15 fatalities (6,823 to date) and 1,195 new cases (435,655 to date); 12,569 active cases; 13,106 tests carried out with a 9.1% hit rate; 105 patients in ICU,468 in other wards and 344 in hospital hotels.

UK: CORPORATE CRIMINAL LIABILITY: THE WHY AND THE HOW

On 27 July, BCL Solicitors produced n article about the recent Law Commission paper saying that it appears clear that while people agree that there are problems with the UK law on corporate criminal liability there is no consensus at all on precisely what is wrong, and what to do about it.  It considers some of the aspects, such as around DPA and the directing mind principle.  It argues for a more evolutionary than revolutionary approach to changes.

https://www.mondaq.com/uk/corporate-crime/1084110/corporate-criminal-liability-the-why-and-the-how?email_access=on

2 Pakistani Nationals Extradited to Face Charges over attempt to send large amount of heroin to US

A news release from the DEA on 30 July announced the extradition 2 Pakistani citizens, who will face charges for attempting to import large quantities of heroin into the US.  Apparently caught by a DEA sting, it is said that Maulabaksh Gorgeech and Niamatullah Gorgeech were Asia-based drug traffickers, began communicating and meeting with individuals whom they believed were heroin traffickers interested in purchasing multi-kilogram quantities of heroin for importation into the US in late 2019.

https://www.dea.gov/press-releases/2021/07/30/two-pakistani-nationals-extradited-united-states-face-drug-charges

ESG REPORTING MANIPULATION AND THE RISK OF FINANCIAL FRAUD 

The latest edition of the Thought 4 Leaders FIRE magazine includes an article about ESG misreporting, saying that the current environment provides all three elements of the oft-touted “fraud triangle” – pressure, opportunity and rationale.  However, it also says that there are several warning signs of ESG-related fraud, many of which are familiar to those involved in the investigation of financial statement fraud.

https://thoughtleaders4.com/images/uploads/news/TL4_FIRE_Issue_5_-_Future_of_Fraud.pdf

HOW CRYPTOCURRENCIES CAN BE TRACED

Another article in the latest edition of the Thought 4 Leaders FIRE magazine says that tracing crypto transactions is in many ways more feasible than other forms of asset tracing, provided one is equipped with the necessary expertise. The recent success of the US DoJ in recovering $2.3 million worth of misappropriated Bitcoins following the Colonial Pipeline ransomware attack was only the latest demonstration of how this can be done.

https://thoughtleaders4.com/images/uploads/news/TL4_FIRE_Issue_5_-_Future_of_Fraud.pdf

IMPORTANT GUIDANCE AND FINDINGS OF BREACH OF FIDUCIARY DUTY OF A DIRECTOR IN A BVI REGISTERED COMPANY

Another article in the latest edition of the Thought 4 Leaders FIRE magazine concerns a recent case which is one of the rare occasions in which the Privy Council will overturn findings of fact from the lower courts.  The judgment also provides further commentary and assistance on when it will be appropriate for an appellate court to intrude upon and reassess findings of facts by lower courts. In this case the Privy Council overturned decisions of both the BVI High Court and the Eastern Caribbean Court of Appeal.  The case is described as is a timely reminder of the duties which BVI directors owe to the companies to which they are appointed and the need for directors to take reasonable steps to prevent any breach of duty or misapplication of the assets of the company concerned.

https://thoughtleaders4.com/images/uploads/news/TL4_FIRE_Issue_5_-_Future_of_Fraud.pdf

HOW TO PLEAD FRAUD CLAIMS – AND HOW NOT TO

Another article in the latest edition of the Thought 4 Leaders FIRE magazine concerns a recent case before the High Court in London which struck out a claim alleging unlawful means conspiracy.  It is said that the judgment contains important lessons for parties seeking to bring claims for conspiracy, or for fraud more generally, and on how such claims should be pleaded.  The case is also said to be a good example of issues that can occur where parties seek to bring multiple related claims arising out of the same set of facts.  In this case, the Claimants’ claim failed because they had not pleaded, and could not identify, a complete cause of action.

https://thoughtleaders4.com/images/uploads/news/TL4_FIRE_Issue_5_-_Future_of_Fraud.pdf

SEX TRAFFICKING IN THE US ISN’T WHAT YOU THINK: 4 MYTHS DEBUNKED – AND 1 REAL-WORLD WAY TO PREVENT SEXUAL EXPLOITATION

An article on Medium by an Assistant Professor of Gender, Women’s, and Sexuality Studies, Oklahoma State University says that the common perception of sex trafficking involves a young, passive woman captured by an aggressive trafficker.  The woman is hidden and waiting to be rescued by law enforcement.  The author of the article says that she has been researching sex trafficking in the US Midwest since 2013 and presents what she says is the facts and the law. [Note: one thing she does highlight is that “trafficking” can take within a country, and does not need to involve crossing a border] The article emphasises the difference between sex work and sex trafficking, and that sex workers can be wrongly labelled and treated as “trafficked”. 

https://theconversation.com/sex-trafficking-isnt-what-you-think-4-myths-debunked-and-1-real-world-way-to-prevent-sexual-exploitation-158852

https://www.visualcapitalist.com/1-6-billion-disposable-masks-entered-our-oceans-in-2020/

BAHAMAS: ENVIRONMENTALISTS CONCERNED OVER TREE-KILLING BEETLE AND SHIP ORDERED OUT OF US

On 31 July, Eyewitness News reported that local environmentalists expressed concern after a vessel reportedly carrying wood infected with tree-killing beetles, and ordered out of New Orleans by US officials, was allowed to offload on Grand Bahama.  It was reported that the cargo ship out of the country after finding it infested with a type of Asian beetle that has been destroying trees in the US for more than 2 decades.

https://ewnews.com/horrifying-environmentalists-concerned-whether-tree-killing-beetle-onboard-ship-let-loose-on-gb

IRANIAN CITIZENS LIVING IN CANADA CHARGED WITH PLANS TO EXPORT EQUIPMENT USED TO ENRICH URANIUM

On 31 July, Texas News Today reported that Iranians living in Montreal are alleged to have exported lab equipment controlled for nuclear non-proliferation reasons from the US to Iran via Canada and the UAE.  The case involves attempts to export mass spectrometers to Iran.

https://texasnewstoday.com/iranian-citizens-living-in-canada-have-been-charged-with-plans-to-export-equipment-used-to-enrich-uranium/391830/

https://denvergazette.com/wex/man-charged-for-allegedly-exporting-controlled-lab-equipment-to-iran/article_0819c2be-91ff-53d8-8e16-6cf284517d21.html

HACKERS BEHIND THE SOLARWINDS CYBERATTACK IN DECEMBER BREACHED EMAILS IN DOZENS OF OFFICES OF US ATTORNEYS

On 31 July, UPI reported that the US DoJ had revealed that the attack breached the email accounts of employees in at least 27 offices across the country.

https://www.upi.com/Top_News/US/2021/07/31/doj-solarwinds/8421627749531/

UK: ORGANISED CRIME WARNING ISSUED TO PORT AND AIRPORT WORKERS

On 31 July, Homeland Security Today reported that the NCA has issued an alert to furloughed port and airport workers warning they may be vulnerable to organized crime groups seeking to exploit the COVID-19 crisis and that staff who have a detailed knowledge of controls and processes around the border could be targeted.  The warning has been issued to companies at the border, including port and airport operators, contractors, couriers and freight operators.

https://www.hstoday.us/subject-matter-areas/airport-aviation-security/organized-crime-warning-issued-to-port-and-airport-workers/

AUSTRALIA TO RETURN 15 HISTORIC ARTEFACTS TO INDIA

On 31 July, News of Bahrain reported that the National Gallery of Australia was to return to India 15 artefacts, including paintings sculptures and photographs, which it had acquired between 1989 and 2009 and which are associated with disgraced art dealer Subhash Kapoor.

https://www.newsofbahrain.com/trends/74331.html

IRAQ NATIONAL MUSEUM TO REOPEN AFTER RECOVERY OF LOOTED ARTEFACTS

On 31 July, New Kerala,com reported that the Baghdad museum was to reopen after some 17,000 looted artefacts were recovered from the US.

https://www.newkerala.com/news/2021/108050.htm

MEXICAN AUTHORITIES IDENTIFY 12 CRYPTO EXCHANGES INVOLVED IN MONEY LAUNDERING

On 31 July, the Cryptopolitan website reported that Mexican authorities has identified 12 local crypto exchanges which may have been involved in laundering money for the Jalisco drug cartel in the country. 

https://www.cryptopolitan.com/mexican-authorities-burst-exchange-firms/