by gegwp1 | Oct 8, 2024 | Financial Consulting, Industry News
According to an article in the February 5th, 2024, Financial Times, an Iranian state-owned oil company, Petrochemical Commercial Company Iran (PCC), used UK-registered front companies to evade US sanctions and hold active accounts at Santander UK and Lloyds. Leaked...
by gegwp1 | Oct 8, 2024 | Financial Consulting, Industry News
The recent controversy around Google’s image generation where it is accused of engineering its Gemini AI application to produce “woke” images intentionally highlights a concept in AI development known as Prompt Transformation. Most users interact with AI Large...
by gegwp1 | Oct 8, 2024 | Business Consulting, Industry News
It was the best of times, it was the worst of times. The divergent fates of two rival condiment businesses — the best of times for McIlhenny Company, maker of well-known Tabasco-brand hot sauces, and the worst of times for Huy Fong Foods, originator of the U.S....
by gegwp1 | Oct 8, 2024 | Financial Consulting, Industry News
The buzz around Gen AI has reached a fever pitch. At the recent WEF conference in Davos, it was all anyone wanted to discuss. Sorry ESG. Sorry Crypto. As my daughter would say – “you are so last semester!” Forecasts predict that workers will lose all sorts of...
by gegwp1 | Oct 8, 2024 | Economic Consulting, Industry News
There is an interesting case in the UK where a woman, Wen Jian, is accused of helping an alleged Chinese fraudster, Qian Zhimin, laundering the proceeds of a $6.3B fraud scheme using Bitcoin. Qian is accused of defrauding nearly 130,000 investors in China with...
by gegwp1 | Oct 8, 2024 | Economic Consulting, Industry News
NASDAQ’s Verafin business unit released its 2024 Global Financial Crime Report this week, highlighting the scale of the problem with an estimated $3.1 Trillion in illicit funds flowing through the global financial system. One interesting aspect of the report is the...
