Nigel's Eyes

20220323 My Newsletter

Hello

This month's newsletter is not going to be about international conflict, global warming or the pandemic.

It's going to be a celebration of some kind of normality, at least for most of us.

I'm going to London next week. It will be the first time I have travelled more than 50 km from my home for more than two years. Sadly, because the MH website didn't work and I needed to make the booking that day, I'm having to fly SQ with a change in SIN.

I've nothing against SQ, I'd just rather fly direct. On an Airbus. But I have to make part of the trip on a Boeing 737 Max which scares me and the next part on a B777 which doesn't please me but at least it's not a 787 - they really terrify me.

I'm not afraid of flying - not a bit. In one year I was away more than 200 nights and I regularly used to fly more than my stewardess friend was permitted to under health and safety rules. Once I told my father that a visit to a go-kart chassis maker 70 miles from his house was "just around the corner." When he blustered, I said "anything that doesn't mean getting on a plane is just around the corner." When you fly from KUL to HKG just to have brisket for lunch, in a scruffy restaurant where their masterstock is at least ten years old, and then to pick up gai mai bau from an old fashioned bakery only to turn round and fly home again a few hours later, you are definitely not scared of flying.

But I am afraid of Boeing. It all started some years ago when I was on a CX747 on its maiden flight from HKG to LHR. A panel fell from the overhead bin, held up only by a couple of thin electrical wires. It scythed through the air millimetres above the bald head in front of me. Luckily, that was when planes still had flight engineers and he arrived, with a screwdriver, and refitted it. But it was the start of a dislike of any Boeing product: you'd think it would hold together for its first passenger flight, wouldn't you?

Did all the abbreviations in that story irritate you? If they did - and they should - you'll appreciate the fact that I eradicate as many acronyms, abbreviations and buzzwords as possible from the training I deliver.

Now we can fly and not have to spend weeks locked in a hotel room. or worse, I'm back on the wing again.

London is the starting point: there's a one day course in central London: THE FINANCIAL CRIME RISKS OF LEGAL PROFESSIONALS on 5th April. https://financialcrimeriskandcompliancetraining.com/esprit/20220405_law… . It's for lawyers, of course, but it's also for banks etc. that deal with them - and lawyers that deal with other lawyers. Not long to go so best book quickly.

There's a new, face-to-face only, version of Understanding Suspicion in Financial Crime tweaked especially for Police Officers, Judges, Prosecutors, Regulators, officers in Financial Intelligence Units, Anti-Corruption Commissions, Immigration, Customs and financial investigations. Details are at https://financialcrimeriskandcompliance.com/elan/web/face_to_face_under…. This version is available only in-house but by that we mean that it must be organised by a government department, etc. which may invite officers and other relevant representatives from other departments.

Both of these courses can be organised anywhere a plane can reach, where my vaccinations are accepted and I don't have to do quarantine either there or on return so if you wish to host one or both of them, get in touch.

We've added a page on dumping to Essentials: Trade-Based Financial Crime. See learning.financialcrimetraining.com.

The UK's Economic Crime (Transparency and Enforcement) Act 2022 was passed a week ago and I've re-written chunks of it, rearranged it and produced a commentary and a series of check-lists to help with compliance.

*This course has special relevance to the offshore financial industry, especially trusts, tax planning and asset protection including those offering such services to UK citizens and residents.* It is also important for those advising on or assisting non-UK citizens and residents on the acquisition of property in the UK via a legal structure (e.g. company, trust, etc) outside the UK. Practical Compliance: The UK’s Economic Crime (Transparency and Enforcement) Act 2022 (Part 1) is here: https://learning.financialcrimeriskandcompliancetraining.com/courses/pr….

As if that's not enough, we have started preparations for the first post-pandemic Financial Crime Forum. It's going to be in London, provisionally in May. Keep an eye on www.financialcrimeforum.com for news.

I'll be available for consultation in London or, even, just chat over a coffee, for a couple of weeks. Get in touch via LinkedIn or the website.

*E-mail problems.*

As you know, we send out e-mails in plain text only so that there is no risk of hidden codes anywhere. It's for your security. Microsoft decided that it didn't like one of our open codes that have been in our e-mails for years - it was the unsub link. So it stripped it out. That led to some users of Microsoft services reporting the mail for failure to include an unsub link. Be assured, it was there when it left our server and it's in all the control messages and in messages to the people we contacted to ask them to check. We had to modify the code to fix that problem.

Then something else became a problem: the most recent newsletter had an enormous number (more than 4,000) of bounces mostly from domains controlled by Microsoft e.g. outlook, MSN, hotmail, live and, even, some but not all corporate domains hosted on Outlook via Office365. There have also been a disproportionate number of bounces from gmail and yahoo. We have no idea why this should be but we have a strict policy of removing - and blacklisting so the address cannot be re-entered - any mail address with two consecutive bounces. If the bounce rate continues, then we will have no alternative but to remove from the list *all* subscribers using free mail. This is because high numbers of bounces trigger "spam" reports that could result in our server being blocked from sending any e-mail, be it from the list or otherwise. So if you use one of those services, or any other free mail account, and wish to continue to receive this mail, I strongly recommend that you sign up afresh using a corporate address.

Sign up here: https://www.financialcrimeriskandcompliance.com/info/?p=subscribe&id=1

I look forward to seeing you soon in London or at your place.

Best wishes

Nigel Morris-Cotterill