The Risk Professional: "Clean Sheet" draft money laundering law proposed
10. January 2012
In 2011, Compliance Complete published a series of articles titled "What's Wrong with Counter-Money Laundering Laws?". The articles promised that the author, Nigel Morris-Cotterill, Head, The Anti Money Laundering Network, would subsequently supply a draft law designed to improve on existing legislation. |
InfoTech: SD Association adds WiFi spec to data cards
10. January 2012
The SD Association has announced "standardised wireless communication" is to be added to itsSD Memory Card Standards. It combines the convenience of Bluetooth with the expanded capability of WiFi network access. |
Retail: UK retail failures show falacy of "recovery."
9. January 2012
If 2010 was bad for retail, then the reality of retail failures during a supposed recovery is awful and shows the lie that the economy is doing well, unless numbers are carefully chosen. |
Aviation: A320 "wing on a wing" reduces fuel burn by more than 3%
9. January 2012
Airbus is replacing the little raised tip of the wings on its A320 designs with what it calls "sharklets." No, they are nothing like the air intakes on a Ferrari: they are super-sized wing tips some 2.5 metres tall. |
Public Health: Now Germany recommends removal of PIP breast implants
9. January 2012
Germany's medical regulator, the Federal Office for Pharmaceuticals and Medical Devices has issued advice that women should have the PIP breast implants removed because the silicon in them is industrial grade not approved for use in medicine or cosmetic procedures. Other countries have made decisions - and they are not all the same. |
Aviation: Qantas B747 in severe turbulence near Singapore
9. January 2012
The stories reported in some media of the results of a Qantas Boeing 747 hitting severe and unexpected turbulence are shocking, over-excited and full of "I heard" and "I believe" statements. But the crew of QF32 from London to Sydney via Singapore are universally praised. |
Audit and Accounting: PwC fined for UK JP Morgan Securities audit failures
6. January 2012
The UK's Accounting and Actuarial Discipline Board (AADB) has fined PriceWaterhouseCoopers (PwC) a record fine of GBP1.4 million for failures in its audit of J P Morgan Securities Limited. PwC admitted the allegations. |
The Legal Professional: English solicitors told to face up to Facebook, etc.
6. January 2012
Solicitors in England and Wales have been issued with a new Practice Note (a non-binding guidance) relating to the use of social media including sites such as Twitter and Facebook. It reveals a fascinating insight into the ways in which supposedly transient media can trip up the unwary, and not just lawyers. |
Insolvency: 25-34 age-group biggest user of "insolvency for the poor" scheme
5. January 2012
A simplified insolvency scheme designed for those who are too poor to be bankrupt is most used by those between 25-34 years of age, says a UK government report. |