Financial Crime Compliance | Training | Advisory
A desktop computer, shirts, shoes and a belt – these were items received by senior ANC MP Cedric Frolick as “birthday gifts” from Cheeky Watson, brother of the former Bosasa boss Gavin, the state capture inquiry heard on Friday. Frolick said these were the only Bosasa-linked items he received as gifts on his birthday, and not…
For four years, Donald Trump’s tax returns have been the white whale of political journalists and the most sought-after material of any presidency this side of Richard Nixon’s Watergate tapes. Naturally, when The New York Times obtained and published the trove, it was an epochal moment for the media and a major headache for Trump…
Business advisory firm KPMG says with the current state, investors are chasing high-returns and so could fall into the trap of fraud.
Ishaka Abdullahi The Economic and Financial Crimes Commission has arraigned the Education Secretary of Sabon Birni Local Government Area of Sokoto State, Ishaka Abdullahi, before Justice Malami Umar Dogondaji of the state high court for fraud. Abdullahi was arraigned on a six-count charge bordering on obtaining money by false pretence to the tune of N429,000.…
Eleven years on from the creation of Bitcoin and cryptocurrency security is still a genuine struggle. Crypto security firm Slowmist keeps an ongoing log of blockchain, exchange, and wallet hacks. So far, the company estimates that blockchain hackers have lifted a cool $13 billion in 319 separate events. And hacking is big business. Far from…
Financial crime as a wider category of cybercrime continues to be one of the most potent of online threats, covering nefarious actives as diverse as fraud, money laundering and funding terrorism. Today, one of the startups that has been building data intelligence solutions to help combat that is announcing a fundraise to continue fueling its…
A MONTH after police warned the public to be wary of a growing trend of pyramid schemes in TT – also called “sou sou” schemes – nine people including a member of the defence force were held and a large quantity of cash seized by police after a raid at a house in La Horquetta…
KUALA LUMPUR: CIMB Group Holdings Bhd, one of the banks reportedly mentioned in a leaked document of the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN), said it is diligent in filing Suspicious Activity Reports when appropriate and adheres to a robust due diligence process in a secured and controlled environment.“CIMB Group takes its role…
The Economic and Financial Crimes Commission, EFCC, Gombe Zonal Office is interrogating one Eze Mavus Ugochukwu, a student of Computer Science, Bauchi State Polytechnic, who defrauds unsuspecting members of the public by posing as a Lieutenant in the Nigerian Army. Ugochukwu, an indigene of Nsukka Local Government Area of Enugu State was arrested by…
Summary List Placement Thousands of leaked documents shared with hundreds of journalists reveal how some of the world’s biggest banks have for years facilitated the movement of dirty money. The documents are part of a collection of files that belongs to the Financial Crimes Enforcement Network, an agency operating under the Treasury Department to detect…
