The Unstoppable Cryptos

“An investment in knowledge pays the best interest.”— Benjamin Franklin.
This year, 2021, learn the new skillsets from the professional Educators pertaining to Foreign Currency Exchange (FOREX -) and Digital Currency Exchange (DCX) Trading Ideas, the Patterns and the FOREX market trends. Know how to trade in FOREX & CRYPTO Currencies and make extra money on your own using your own account. You will start earning whilst learning from the best in the Industry. Get in touch and you will be guided along the way.
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ICC FRAUDNET ANNUAL REPORT 2020 — raytodd.blog

ICC FRAUDNET ANNUAL REPORT 2020 The International Chamber of Commerce has released its report on international developments and perspectives in the field of fraud, financial crime and asset recovery.  It includes articles on – Economic substance and beneficial ownership: legal and regulatory developments; The international corporate transparency landscape: a not so silver bullet?; Using bankruptcy […]

ICC FRAUDNET ANNUAL REPORT 2020 — raytodd.blog

Purging Contagious & Negative Media Friends

On 02/02/2021 I will fortunately be purging some of my social media friends. I wish to cut out some contagious negativity, unnecessary arguments, oversharing, and the “empty” noise generated by and from random stuff “friends” masquerading as experts in all areas of human endeavors.

Social media platforms like Facebook, YouTube, Instagram, WhatsApp, Telegram, LinkedIn and many others are and can be a great way to learn, share, and interact with people you know and extended networks of people you don’t especially during these pandemic times when the World is expected to continue social distancing. But surely, at my age and anyone above 40+1 etc., should not be proud to really be seeing everything from the niece’s best friend’s boyfriend’s mother’s Ben 10 (younger boyfriend) or bally (Sugar Daddy).

Incidentally, those with affinity and propensity to spiritedly argue (and vehemently defend the indefensible) and want to stamp their unqualified, self-acclaimed, self-imposed wisdom and authority masquerading as Subject Matter Experts (SMEs) in all fields ranging from nuclear/quantum physics to Political image building, Banking/Finance to National Tenders/Bill of Quantities in construction, Aqua fish farming to Mining Deals, tax avoidance/tax evasion to civil engineering, political defections/elections to criminal economics, Governance/Policy to Global History,  Northern Circuit Tourism to Financial Intelligence Center Reports, Efficacy and Expired Medicine/Pharmaceutical products to Import Cover deficits, via covid-19 to Intangible heritage and Sangomas all the way to Voter registration and Religious matters in between. From the Papacy to Cult Leaders. Please self-introspect as social media could be poignant right now until 2025. Many of the things shared may not be very accurate after all.

Sometimes the friends we have on Facebook, YouTube and WhatsApp can have opinions that are divergent and we would rather not see. While they have every constitutional right to voice their opinion, we also reserve and have every right to decide whether to see, listen, read and indeed to remove them from our News Feed. It is for our own peace of mind and maintaining our slightly above normal blood pressure. I hope you are not one of the potential casualties after February 2021. Stay safe and be blessed.

Just reflecting – Wherever and whenever I meet HATIANS – People from HAITI

Just reflecting – Wherever and whenever I meet HATIANS – People from HAITI, I’m always reminded of people from Congo DR and Congo Brazzaville. The character, the conduct, personality, mannerisms, behaviour, outlook and even the way they talk, interact with one another, eat, dance and dress.

The way we see people from Somalia, Djibouti and Eritria, with similar features like some of them fom Kenya and South Sudan. Congolese and Fashion. I have attached some pictures here. We know some people even in neigbouring Zambia who dress like these in very bright Colours.

There is a YouTube Documentary and short videos titled “The Congolese Dandies”. La Sape, an abbreviation based on the short phrase Société des Ambianceurs et des Personnes Élégantes. In French language literally means a “Society of Ambiance-Makers and Elegant People”. Ambiance and Elegance indeed. This is also hinting to the French slang word sape which means “clothes” or sapé, which means “dressed up”. In Zambia they may say “Ukupopoka”- “Dressed to Kill”.

This reminds me of the once upon a time famous place dubbed “The Cotton Club” near Stephen Mpashi’s joint the Lazimen’s in Chilenje in Lusaka, Zambia in the Early 1990s when Zambia airways crew and travelers would bring back Shoes and Clothes (NYULA) from Monrovia, UK, India and VIALOS wear, sale and show off.

This addictive hobby or passion is a subculture centered on the cities of Kinshasa and Brazzaville in the Democratic Republic of the Congo and Republic of Congo respectively. The two closest neigbouring Capital Cities are just divided by the Mighty Congo River.

An adherent of La Sape is known as a sapeur or, if female, as a sapeuse. Some African First Ladies from the 1990s up to date could qualify to be called Sapeuse. Bright colours of clothes matching with shoes and Head Gear/Hair dressing (Ifisote Ifikulu) with matching bright colours. Sapology Extravaganza – La Sape is a unique movement based in Congo that unites fashion. Very conscious men who are ready to splurge money they don’t really have on designer clothes. Dressing in stark contrast with their surroundings, these elegant ambiance-makers become true local celebrities.

The fame comes at a price. The movement embodies the elegance in style and manners of colonial predecessor dandies. In the YouTube Documentary titled “The Congo Dandies” which I watched during COVID-19 self isolation recently, one fellow blew $8,000 lottery money on those flamboyant shoes and clothes. Another managed to steal from the Father’s shop and bankrupted the business thereby sending his younger brother to work grudgingly on an incomplete small garden farm plot!

Them La Sape are a crazy bunch of human beings. It is like a movement and a hobby by a group of possessed men and women – frenzied and willing to spend 95% of any income/ money they stumble upon on bright colour clothes whilst living in rented ram-shackles and wallowing in abject poverty. What a contrast. Imagine, a chap blew the $8,000 of lottery money buying Weston shoes and another one bankrupted his father’s business just to become a dandy.

One has opened up a Training School teaching the younger generation the trade of how to be a Congolese Dandy. Sick in the head for the sake of Fashion from Paris. Zambians, stay in your lane. Know the origins of things you want to blindly emulate! Congolese temunobe (are not your friends when it comes to dressing). If you can, watch this. https://youtu.be/W27PnUuXR_A

Mr. Doubting Thomas & Mrs. Doubt-Fire – 2021

“The oldest and strongest emotion of mankind is fear, and the oldest and strongest kind of fear is fear of the unknown.” H.P. Lovecraft wrote those words in the 1920s and they are still relevant today and will be more relevant in 2021 and beyond.

These days of the “New Normal”, inevitably means Online Banking transactions, Online Marketing, Online selling and buying of Services and Products, online booking, e-commerce, Online Classes for Schools, Colleges, University Students, Online shopping, Online FOREX Trading, Online Training, lonely working from Home, Online on your Personal Computer (PC), Laptop, Tablet or Smartphone, attending online presentations, Virtual meetings, Workshops, Training and Conferences using ZOOM, Webinars, Podcasts, Microsoft Teams, LinkedIn, Skype, YouTube, Facebook, Vimeo, Instagram, Snapchats and other Social media etc.

We are always being introduced to Subjects we never knew existed in 2000 or indeed paid attention to such as Machine Learning, Coding, Algorithms, Artificial Intelligence and the cyber world of the Digital Currency, Cryptos, Block Chains and Digital Wallets. We all need to understand where the World is moving to. We all need to play catch up. You speed up or get peed on. The Digital Currency is simply unstoppable. The train is still moving and moving forward. We just have to trade with the trend and jump on now in 2021 if you are already not on. If you you have to fall, fall forward but make sure you wake up, dust yourself up and move forward. Do not just make movements. Rocking Chairs and Rocking Horses make movements but they do not go anywhere. You have to take action and move forward.

It is understandable to question things. A doubting Mr. Thomas and or a Mrs. Doubt-Fire is a skeptic person who refuses to believe without direct personal experience, someone who rarely trusts or believes things before having proof : a doubtful or skeptical person. Granted, but how will you prove if you are not willing to find out by learning? Some learning and knowledge is acquired through practical action of doing, e.g. When you are told to Download Apps on App Store or Google Store on your Mobile Phone or Google Search up the name of the Company. You do in order to learn more.

Willingness to learn is defined as a desire, wish or readiness to acquire new knowledge and develop. It means that a person does not want to stand in one place, wishes to be more qualified and keep up with the modern trends and tendencies. It refers to both professional competence and general education. This willingness to learn is an extremely valuable quality to have especially now and beyond 2021. As all aspects of society are constantly changing, your willingness to learn will ensure you can adapt, grow, and be successful in many areas of human endeavor.

One thing is for sure “Success won’t fall in your lap — you have to pursue it”, Beyond being personally or professionally beneficial, taking risks may be a necessary step in actively pursuing success. Embracing risk-taking helps you overcome a fear of failure. Arianna Huffington has long identified the fear of failure as a major roadblock to success. You don’t achieve your dreams by playing it safe. Risk-taking won’t only potentially benefit the career-path you’re already on — it may actually open you up to a world of possibilities you have yet to consider. President and CEO of EngenderHealth Pamela Barnes urged female professionals to leave their comfort zone in order to achieve their potential in an interview with The Grindstone:

“It is fear that reinforces the walls we build, people are afraid to be swayed from their convictions, afraid to question their moral instincts and expose themselves to ideas that may challenge the fabric of their entire existence, but what are we if we are not seeking to better ourselves?” ― Aysha Taryam

“In moments of great change we suffer, somehow hoping deep down that our emotions and our dramas can change the future or prevent it from happening. Future happens regardless.” Dragos Bratasanu, Ph.D. May I add, Digital currency is here to stay. What we thought of the FUTURE is already happening. We are already in the FUTURE on CRYPTOS. We just have to learn them.

The term risk-averse describes the investor who chooses the preservation of capital over the potential for a higher-than-average return. You may be so bogged down with worries about the consequences of taking a risk that you forget there are consequences involved with not taking a risk also. If you never take risks, you will always be settling and living with regret. This constitutes a serious risk as well, as you may not be living the fulfilling life you really want.[1]

Let go of what others think. Stop living the life that you think other people expect you to live, and start living the life you really want to live. If you aren’t constantly worrying about disappointing others or embarrassing yourself, it will be much easier for you to take risks in life.[2]

“The way to develop self-confidence is to do the thing you fear and get a record of successful experiences behind you. Destiny is not a matter of chance, it is a matter of choice; it is not a thing to be waited for, it is a thing to be achieved.” — William Jennings Bryan “Nothing will ever be attempted, if all possible objections must be first overcome.” — Samuel Johnson

“Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did. So throw off the bowlines, sail away from the safe harbor, catch the trade winds in your sails. Explore. Dream. Discover.” — Mark Twain.

“Do not be too timid and squeamish about your actions. All life is an experiment. The more experiments you make the better.” — Ralph Waldo Emerson.

“Nothing will ever be attempted, if all possible objections must be first overcome.” — Samuel Johnson.

A Chinese proverb goes like this. “Pearls don’t lie on the seashore. If you want one, you must dive for it.”

Opportunity dances with those on the dance floor. You can’t always be watching from the terraces or the Balcony. The floor is open. The music is playing. The DJ/MC is live. You have to Dance. “Let’s Dance in 2021 and Beyond” Happy New Year 2021. See you at the Top. The Bottom is just too crowded Lol!

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Forex and Digital Currency Trading Ideas

From Fiat to Cryptocurrency – Bitcoin & others

The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain.

Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin.

There are many more others like Ethereum and Ripples . You can as well learn how they operate and how you can participate on the Forex and Digital Exchange Markets and Platforms through trading and make money. Click on the link to learn more and get in touch.

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Zambia – Banking & Financial Services Act

The Banking and Financial Services (Amendment) Act No. 7 of 2020 was assented on 23 October 2020. The Zambian Act amends the Banking and Financial Services Act in relation to among others;
• licensing for banking businesses, financial businesses or financial services;
• implementation of supervision for the purposes of the prevention and combating of money laundering and financing of terrorism or proliferation or any other serious offence;
• the restructuring, transferring or closing, for instance, of a financial service provider by the Bank of Zambia; and decisions of a tribunal.

All Commercial Banks, Non-Banking Financial Service Providers, Bureau de Change (Casas De Cambio), Law Enforcement, Financial Intelligence Centre, Security and Exchange Commission and other key stake holders in the Compliance, Operations and Financial Crime Risk Management Portfolios need to study the Legal provisions contained herein the amended Act and ensure compliance with the breath and spirit of the law in order to avoid sanctions, penalties and attendant fines.

Knowing Who, How and Why is cardinal

Just like KNOWING who and how are important, knowing “WHY” is also very cardinal. There is an old Zambian song which goes like ” Kusiyana siyana kwa Nchito”. Another one by Air power band which stated “It is the way we get by”.

Both songs allude to the facts of life pertaining to different callings, passions, professions etc. Others are Doctors, Accountants, Lawyers, Tax Collectors, Teachers, Nurses, Police Officers, Business people, Traders, Cadres, Politicians, Clergy, Tamangas, Plumbers, Brick layers, Artisans, Carpenters, Marketers, Drivers, Painters, Photographers, Economists, Farmers, Athletes, Footballers, Undertakers etc.

The Big Question we must all ask ourselves and yourself in particular is why have you chosen to do what you do? Knowing why makes all the difference. We all must Know why, and you’ll figure out how. Know why, and you’ll find the motivation, enthusiasm, persistence, and strength to make it happen.

Begin noticing and being careful about keeping your imagination free of thoughts that you do not wish to materialize. Instead, initiate a practice of filling your creative thoughts to overflow with ideas and wishes that you fully intend to manifest. Honor your imaginings regardless of others seeing them as crazy or impossible. – Wayne Dyer said.

When all of your wishes are granted, many of your dreams will be destroyed – Marily Manson. Not ukusabaila. Jack and Jane of all trades and master/mistress of none. Focus and be determined. Not fye ukwalola umwela eko naimwe mwalola. Once you hear that cross boarder trading in woolen blankets from Botswana is in the in thing, you abandon your University Education and opt for that. You hear that eggs and goats are selling fast at Kasumbalesa Boarder Post, you want to do the same abandoning your Mukula Tree selling project.

You hear mongers rumoring about the African Potato and its alleged potency to cure certain ailments, you abandon your Moringa and Jathropa Tree growing project on your livestock and fish farm and go into swamps and dambos looking for the African Potatoes. You hear that importing used vehicles from Japan is trending, you abandon the Traditional Healing Kantemba selling sawdust as aphrodisiacs (mutototo) and jump in the smuggling in of lagers for Comesa Market.

You cant do everything; From selling Needles to selling Aeroplanes via selling boats and Buses. You are not Amazon, Alibaba or ebay, Walmart, Costco, Target or Game online store. Just because everyone else desires to do, to have, to achieve something, is not enough. Be sure it’s truly important to you, and know why.

Give your actions the power of authentic purpose. Tap into a source of energy that grows stronger the more you use it. To complete your daily mental hygiene, observe any part of you that is upset or anxious, and offer that part of yourself the following simple wishes: ‘May you be well. May you be happy. May you be free from suffering.’ Repeat this until you actually mean it. – Martha Beck.

Instead of frustration, you can experience joy. Instead of disappointment, you can know fulfillment. It all comes from understanding why. Know why, and whatever you imagine is yours to create. Stay well and be Blessed.

Yakuza tribal cousins to the Triads and the Mafia

Italy has the Mafias. China has the Triads. Zambia has the Jerabos. Japan has the Yakuza. Yakuza, also known as gokudō, are members of transnational organized crime syndicates originating in Japan. The Japanese police, and media by request of the police, call them bōryokudan, while the yakuza call themselves ninkyō dantai.

The largest group in the Japanese Yakuza, the Yamaguchi-Gumi, from its headquarters in Kobe, is involved in drug trafficking, human trafficking, extortion, prostitution, fraud and money laundering both in Japan and abroad.

These activities are estimated to generate the group billions of dollars in illicit funds annually. To combat such criminal activities, financial investigation units and financial institutions have begun putting pressure on the Yakuza and its affiliates by freezing its assets.

In February 2012, USA President Barrack Obama and Joe Biden identified the Yakuza as a significant transnational criminal organization (TCOs) and charged the US treasury department with pursuing additional sanctions against their members and supporters. The Treasury Department proceeded to designate the largest group within the Japanese Yakuza, the Yamaguchi-Gumi and two of its leaders as targets of its sanctions authority.

This action resulted in the freezing of any assets the designated persons had within the jurisdiction of the United States and prohibiting any transactions with them by the U.S. persons. The pressure against the Yakuza has since increased as Japan’s Financial Services Agency ordered Mizuho Financial, one of the wealthiest financial institutions in the World, to improve its compliance regarding suspected loans loaned to known criminal organizations.

Japan’s Police Agency estimates that due to this increased pressure from regulators, the membership of the Yakuza is steadily declining as it becomes increasingly difficult to launder the money. They are always re-invention new modus operandi.

Philippines to Crush Bulk-Cash Smuggling

The House of Representatives of the Philippines filed a bill in March 2020 aimed at curbing bulk-cash smuggling. The proposed Anti-Bulk Cash Smuggling Act of 2020, would impose reporting requirements and demand prior clearance for those transporting PHP500,000 or more in cash or using other monetary instruments. If passed, those caught violating the requirements could face several years in prison.

Government employees who facilitate smuggling would be prosecuted, fined and may face prison time as well. The legislation comes just a few days after the country’s Department of Finance announced that from mid-2019 to March 2020, two Chinese organized crime syndicates, “Rodriguez” and “Chinese,” have smuggled into the country $200 million and $168 million, respectively. Further, a total of approximately $180 million was brought into the Philippines from China just from December to February. The “Singapore” group smuggled in PHP2.6 billion, and “Hong Kong” group PHP2.3 billion.

Much of this cash has been brought in through couriers, who make trips to and from China a few times a week and avoid proper inspection at the airport with the help of corrupt police or military escorts. In filing House Bill No. 6516 Albay Rep. Joey Salceda said bulk cash smuggling is a serious national security risk as much as it is a risk to the country’s institutions.

“Bulk cash smuggling suspected to be in the billions of pesos is enough to shift political fortunes and corrupt institutions in the country facilitating crime and other illegal activities,” Salceda said. He warned that if the country’s financial authorities are unable to respond to bulk cash smuggling decisively, the risk becomes greater that the Philippines would get delisted from the Financial Action Task Force (FATF) for being a high-risk base for terrorism financing and money laundering.

“This delisting would have serious implications on the ability of our financial institutions to expand and do business transnationally. This would also carry broader dangers to our credit standing internationally, making the country a riskier borrower of funds,” he said.

The bill seeks to expand the coverage of the Anti-Money Laundering Act of 2001 to include one-time cash transports of more than PHP500,000 at any one time. It shall also empower the Anti-Money Laundering Council (AMLC) to define a cumulation of closely-related events that would constitute “one-time”. The bill proposes to criminalize bulk cash smuggling to ensure that the evasion of a paper trail for cash transfers will not be tolerated.

A person convicted of a currency smuggling offense shall be imprisoned for not less than 7 years and not more than 14 years. There shall also be a civil forfeiture in favor of the Philippines of assets related to cash smuggling.

“In view of the urgency of the need for a response to the currently unmitigated influx of bulk cash into the Philippines, and given the critical importance of a policy response to the threats that bulk cash smuggling pose to peace and order, national security, and institutional and financial integrity, the immediate enactment of this bill is urgently sought,” he said.

Finance Secretary Carlos Dominguez III has indicated willingness to work with legislators anew for the proposed Anti-Money Laundering Act (AMLA) reforms, as he cited loopholes in the existing law. “Our laws have no teeth to investigate and prosecute these activities effectively. We don’t have enough tools to know where all this money is going, without being hamstrung by stringent bank secrecy laws,” he added. Dominguez said it is imperative to amend AMLA, which remains a weak tool against money laundering and other unlawful activities.” (PNA)