Terrorism

EBA consults on amendments to the Guidelines on money laundering and terrorist financing risk factors to include crypto-asset service providers

Retrieved on: 
Friday, June 2, 2023

31 May 2023

Key Points: 
  • 31 May 2023
    The European Banking Authority (EBA) launched today a public consultation on amendments to its Guidelines on money laundering and terrorist financing (ML/TF) risk factors.
  • The proposed changes extend the scope of these Guidelines to crypto-asset service providers (CASPs).
  • The EBA is proposing to amend its ML/TF risk factors guidelines to set common, regulatory expectations of the steps CASPs should take to identify and mitigate these risks effectively.
  • The amendments introduce new sector-specific guidance for CASPs, which highlights factors that may indicate the CASP’s exposure to the higher or lower ML/TF risk.

How should Australia capitalise on AI while reducing its risks? It's time to have your say

Retrieved on: 
Friday, June 2, 2023

We saw the harms too late, once they had already started to have a substantive impact on society.

Key Points: 
  • We saw the harms too late, once they had already started to have a substantive impact on society.
  • With artificial intelligence – especially generative AI – we’re earlier to the party.
  • Read more:
    No, AI probably won’t kill us all – and there’s more to this fear campaign than meets the eye

Trillions of life-changing opportunities

    • In the last few months, two local unicorns (billion dollar companies) pivoted to AI.
    • We see many other opportunities across industry, government, education and health.
    • Tick.

What about the risks?

    • Are we going to drown in a sea of deepfakes and computer generated tweets?
    • We can expect the European Union’s AI Act to set a similar precedent on how to regulate AI.
    • Indeed, the Australian government’s consultation paper specifically asks if we should adopt a similar risk and audit-based approach as the AI Act.
    • Nonetheless, China’s approach reinforces how powerful AI is going to be, and how important it is to get right.

Existing rules

    • As the government’s consultation paper notes, AI is already subject to existing rules.
    • For example, procurement rules used by government can become de facto rules across other industries.

Missing the boat

    • We’ve not seen any such ambition from the Australian government.
    • The technologies that gave us the iPhone, the internet, GPS, and wifi came about because of government investment in fundamental research and training for scientists and engineers.
    • AI is going to touch everyone’s lives, so I strongly encourage you to have your say.

Drone strikes hit Moscow and Kyiv -- in the growing world of drone warfare, anything goes when it comes to international law

Retrieved on: 
Thursday, June 1, 2023

At least eight drone strikes hit Moscow in the early morning of May 30, 2023, damaging several buildings and injuring civilians.

Key Points: 
  • At least eight drone strikes hit Moscow in the early morning of May 30, 2023, damaging several buildings and injuring civilians.
  • This follows Russia’s targeting residential buildings in Ukraine with a wave of drone attacks in late May, killing civilians.
  • Today, drones are used in various other conflicts but are also used to deliver packages, track weather and entertain drone hobbyists.

A buying spree

    • Terrorists have also been known to deploy drones because they are relatively low-cost weapons with high degrees of civilian damage.
    • Consumer drone shipments, globally, topped 5 million units in 2020 and are expected to surpass 7 million by 2025.
    • Each country is free to decide when and where drones fly, without answering to any other country or international authority governing drones.

Different purposes

    • China is increasingly using sophisticated drones for covert surveillance, especially in international waters to patrol the disputed islands in the South China Sea.
    • Its expanding drone program has influenced other countries like the U.S. to also invest more in the technology.
    • And South Korea is considering starting a special drone unit after it failed to respond to a recent North Korean drone incursion.

No rules in the air

    • The countries with armed drones are individually navigating their own rules instead of an international agreed-upon set of regulations.
    • International law prohibits the use of armed force unless the United Nations Security Council authorizes an attack, or in the case of self-defense.
    • Figuring out the national and international rules of the sky for drone usage is hard.

US and drones

    • The U.S. killed a top al-Qaida leader with a drone strike in Afghanistan in 2022.
    • But there have been other instances of drone strikes that resulted in unintended casualties and damage.
    • There is scant public opinion research on how American feel about the use of drones overseas, which makes building public support for their military use difficult.

Drone dangers

    • Drone dangers are real.
    • Traditional radar detection has grown more sophisticated with new drone detection platforms to more accurately decipher the exact location of the drone operator.
    • In my view, the world needs new and consistent rules on drone usage for the decade ahead – better international monitoring of drone incursions and more transparency in the outcome of drone attacks.

West African countries show how decades of working together build peace, and stop wars breaking out

Retrieved on: 
Thursday, June 1, 2023

Out of 54 countries on the African continent, 45 have had at least one coup attempt since 1950.

Key Points: 
  • Out of 54 countries on the African continent, 45 have had at least one coup attempt since 1950.
  • We found evidence that the principles of non-aggression and peaceful settlement of disputes defined the relationships between west African countries.
  • The regional body was formed in 1975 by west African countries seeking to promote economic development.
  • We found a strong correlation between decades of regional cooperation and the rarity of conflicts between states in west Africa.

Making sense of the ECOWAS peace

    • That region has witnessed conflicts between Ethiopia and Eritrea, and between Ethiopia and Somalia, for example.
    • In the west African region, we found that the security arrangements agreed under ECOWAS have helped to foster peace between states.
    • For example, a border dispute between Ghana and Côte d'Ivoire was settled in 2017 through an international tribunal.
    • In both Liberia’s and Sierra Leone’s wars, which threatened to engulf other countries in the region, ECOWAS used these settlement mechanisms.
    • It has also created a sense of shared identity and solidarity among member countries.

Conclusion

    • This has happened with the European Union, the North Atlantic Treaty Organisation and the Association of Southeast Asian Nations.
    • Their collective identities are based on norms that reflect the history and political cultures of their member states.

Spanish elections: why devastating local losses to the right have forced socialist prime minister Pedro Sánchez to call an early national vote

Retrieved on: 
Thursday, June 1, 2023

The local and regional elections that took place the 28th May have shaken up the political chessboard in Spain.

Key Points: 
  • The local and regional elections that took place the 28th May have shaken up the political chessboard in Spain.
  • The right-wing Partido Popular took the largest proportion of votes and now has the largest number of seats in local and regional governments.
  • In one fell swoop the socialist party has lost around 70% of the local and regional power it had.

National identity

    • Ideas about identity and nationalism came to play an important part in what were supposed to be elections about local matters.
    • During the last week of the campaign in particular, national issues dominated the discourse.
    • The Partido Popular has constructed a rhetoric of being the only party defending the constitution and the union of the country.
    • The party, presided over by Alberto Núñez Feijóo, has absorbed the main voters from Ciudadanos, the Catalan political start-up that was at first phenomenally successful when it came to national prominence in 2015 but has already almost disappeared.

Political leadership

    • He has managed to boost his international image with good performances in Europe and occasional visits to Washington and Beijing.
    • But there is little time for Sumar to establish a strategy that can turn a social movement into a political entity with representation in the provinces.
    • Meanwhile, Alberto Núñez Feijoo, of the Spanish People’s Party, proposes a quiet style of leadership.

Plebiscite

    • He lost three MPs in the 2019 rerun election and now he has lost ground in many regions.
    • In Catalonia, his acceptance is growing, but the seats it brings to the general elections are not enough.
    • In this situation, Sánchez’s only chance is to get as near to his current 120 parliamentary seats as he can.
    • Whereas local elections weren’t supposed to be a plebiscite on national government, next 23rd of July seems to be the rerun of a general election whose first round took place last weekend.

Parsons Partners with Vizsafe to Enhance Public Safety and Security Solutions

Retrieved on: 
Wednesday, May 31, 2023

Parsons is providing safety, security, and biosurveillance services for government and commercial customers globally and will utilize Vizsafe’s patented Geoaware®, an intelligence and safety management software platform, to optimize operational effectiveness.

Key Points: 
  • Parsons is providing safety, security, and biosurveillance services for government and commercial customers globally and will utilize Vizsafe’s patented Geoaware®, an intelligence and safety management software platform, to optimize operational effectiveness.
  • “This partnership combines the experience and capabilities of two proven technology providers and delivers safety, security, and biosurveillance solutions that accelerate digital transformation,” said Jon Moretta, president, Engineered Systems for Parsons.
  • For decades, Parsons has delivered solutions for a healthy and safe world.
  • To learn more about Parsons’ health and biosciences solutions, visit Parsons.com/health-and-biosciences/ .

Melissa Points to Real-Time Data Quality as Key to Compliance Initiatives in Online Gambling

Retrieved on: 
Wednesday, May 31, 2023

A multi-part, automated data quality strategy offers ease of use that helps digital casinos prioritize regulatory compliance as well as customer engagement and profitability.

Key Points: 
  • A multi-part, automated data quality strategy offers ease of use that helps digital casinos prioritize regulatory compliance as well as customer engagement and profitability.
  • “For online gambling platforms to thrive, they must recognize the outsized role of robust data quality – essential in meeting regulatory demands, as well as overall business objectives.
  • For example, initial data validation occurs in real-time during the onboarding process, creating a seamless experience between online gambling hosts and wagering customers.
  • Compliance is dependent on current, relevant data from multiple sources – a range of data streams containing billions of global contact records.

Wrap Technologies to Showcase Its Pioneering Virtual Reality Training Platform, Wrap Reality™, at the International Counterterrorism Conference

Retrieved on: 
Tuesday, May 30, 2023

During the conference, the Company will showcase its immersive VR training platform, Wrap Reality™, featuring modules that address crucial aspects of counterterrorism, including Suicide Bomber Training, Human Trafficking Training, and Weapons Training.

Key Points: 
  • During the conference, the Company will showcase its immersive VR training platform, Wrap Reality™, featuring modules that address crucial aspects of counterterrorism, including Suicide Bomber Training, Human Trafficking Training, and Weapons Training.
  • Wrap Reality™ is a cutting-edge Virtual Reality (“VR”) platform designed to provide law enforcement and military professionals with realistic, immersive training experiences.
  • "We look forward to demonstrating the world-class capabilities of Wrap Reality™ at the International Counterterrorism Conference," said Kevin Mullins, CEO of Wrap Technologies.
  • The counterterrorism training modules within Wrap Reality™ underscore our commitment to harnessing technology to safeguard communities and improve the effectiveness of security operations worldwide."

First Trust Advisors L.P. Announces Distribution for FT Cboe Vest Gold Strategy Target Income ETF®

Retrieved on: 
Wednesday, May 31, 2023

FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.

Key Points: 
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • The material risks of investing in the fund are spelled out in its prospectus, statement of additional information and other regulatory filings.
  • First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund's distributor.
  • First Trust Advisors L.P. is registered as a commodity pool operator and commodity trading advisor and is also a member of the National Futures Association.

First Trust Advisors L.P. Announces Distribution for First Trust Enhanced Short Maturity ETF

Retrieved on: 
Tuesday, May 30, 2023

First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Key Points: 
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • Volatility is the characteristic of a security, an index or a market to fluctuate significantly in price within a short time period.
  • Such exposures could cause the Fund's net asset value to experience significant increases or declines in value over short periods of time.