How have these Regulatory problems and issues directly affected the creditors who have suffered loss in this Operational set up by the fraudsters ?
Well, the bottom line is that the Regulators have to date been unable to adequately or appropiately enforce the standards that have been set, and updated since 2001, which amongst other things is: to protect, and uphold, the Public interest where certain standards around ‘investments’ are concerned, and to provide ‘protection’ to the Public interest through the ‘Rules’ where money changes hands, or are in clear breach of the money-laundering and ‘KYC’ (Know your client) regulations required as a standard of Practice from banks etc. This ‘gap’ and shortfall has resulted in costly “incongruence” between the regulations, the Regulators, and the regulated – and we, as members of the Public who have been directly affected by this to the extent we have had to carry the weight of the losses through the disappearance of our moneys for these past six years !
