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Regulatory Watch News
Banque de France and Monetary Authority of Singapore Conduct Groundbreaking Post-quantum Cryptography Experiment to Enhance Communication Security
MAS
Singapore, 5 November 2024… The Banque de France (BdF) and the Monetary Authority of Singapore (MAS) today announced the successful completion of a groundbreaking joint experiment in post-quantum cryptography (PQC) conducted across continents over conventional Internet technologies. The PQC experiment aims to strengthen communication and data security in the face of quantum computing advancements, and the successful experimentation marks a crucial milestone in the evolution of the protection of international electronic communications against the cybersecurity threats posed by quantum computing.
Three individuals and two firms charged over alleged unauthorised business activities
Financial Conduct Authority
The FCA has started criminal proceedings against Anthony Hay, Laura Hay, Tim Stewart, Premier Finance GB Ltd and Proserv GBR Limited, for allegedly engaging in unauthorised business. Anthony Hay, Laura Hay and Tim Stewart are jointly charged for their involvement in the conduct of two Bristol firms, Premier Finance GB Ltd and Proserv GBR Limited, in relation to high-end luxury vacuum cleaners retailing for up to £3,000. Between 1 April 2014 and 31 March 2023, the firms are alleged to have generated at least £4m from unlawful business activities involving thousands of customers.
QLD men sentenced over failed multimillion-dollar cocaine import plot
Australia Federal Police
Two men whose attempt to import almost 600kg of cocaine into Australia was thwarted during an ocean pursuit off the coast of Queensland and New South Wales, were yesterday (4 November, 2024) sentenced to a combined 28 years’ imprisonment. The Supreme Court of Brisbane sentenced one of the men, now aged 42, to 15 years’ imprisonment, and sentenced the other man, now aged 48, to 13 years’ imprisonment. With time already served they are both eligible for immediate parole.
