Tag: Money Laundering

Indian regulator Financial Intelligence Unit has imposed a fine of 55 million rupees (approximately $663,000) on Paytm’s banking business over money laundering allegations.The penalty...

Zhao Changpeng, the chief executive of Binance, the largest global cryptocurrency exchange, stepped down and pleaded guilty to violating criminal U.S. anti-money-laundering requirements, in...

The Central Bank of Nigeria (CBN) has introduced a new regulation that mandates all regulated financial institutions to collect and verify customers’ social media handles...

Fraud and Security Consultant Richard Kumadoe has said that any investment interest directly or indirectly linked to the embattled romance fraud suspect Mona Montrage...

Recent developments have brought to the forefront a series of card fraud schemes that have left unsuspecting customers grappling with unauthorized money transfers and...

David Aseye Tay, Renaizance Oil MD, an unlicensed Oil Marketing Company  has been found guilty and convicted for defrauding Nick Danso Adjei, Chairman of...

Africa’s most valuable unicorn Flutterwave is still not off the hook in Kenya. About $3 million of its money that was confiscated in the...

Flutterwave, Africa’s biggest fintech has welcomed the withdrawal of claims against the company by the Asset Recovery Agency (ARA) in July 2022 and looks...

Kenya has dropped charges of financial impropriety against Flutterwave Inc., about seven months after a court in the East African country froze the bank...

Co-founder of OneCoin, Sebastian Greenwood has finally pled guilty to scamming users of the platform of $4 billion and is facing up to 60...