Tag: Money Laundering
The biggest crypto scam: OneCoin co-founder pleads guilty
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...
UK government launches fraud and money laundering crackdown
The UK government has announced plans to rolled out reforms to protect the economy from fraud and money laundering.The Economic Crime and Corporate Transparency...
Kenya drops money laundering case against three Nigerian companies
Kenya's Assets Recovery Agency (ARA) has dropped a lawsuit against three Nigerian companies; Avalon Offshore Logistics Limited, OIT Africa Limited, and RemX Capital Limited,...
FLUTTERWAVE: Reports about us and Kenya are misleading
Flutterwave, Africa’s biggest fintech firm has completely denied allegations of fraud in recent reports from Kenya, saying they are “completely misleading”.In July, Kenya’s Asset...
Extra US$3.3 million FLUTTERWAVE money blocked in Kenya, as company deny...
A Kenya court has reportedly frozen an additional US$3.3 million in accounts belonging to Africa's biggest Fintech firm, Flutterwave, over allegations of money laundering...
Hackers, fraudsters launder $540 million via crypto bridge RenBridge – Report
Hackers, fraudsters, and others laundered at least $540 million through the cryptocurrency bridge network RenBridge since 2020, according to blockchain analysis group Elliptic. Elliptic...
Flutterwave battles fires on multiple fronts
Africa’s largest start-up, Flutterwave, is battling allegations of financial impropriety and personnel harassment from Lagos to Nairobi, as it considers pushing ahead with plans to...
CWG Ghana, Clari5 bring Real-Time fraud management solutions to banks, fintechs,...
Amid recent cases of money laundering and financial fraud involving some of the leading fintechs and banks in Africa, cybersecurity firms CWG Ghana and...
Ping Express Saga: How FinTechs can avoid anti-money laundering compliance problems
The year 2021 saw more and bigger deals closed in Africa. Interestingly, the tech ecosystem in Africa raised over $5 billion, with about $1.49...
Two Nigerian Fintech executives jailed in US over money laundering
Two Nigerian executives of a Texas-based fintech, Ping Express, have been convicted of money laundering in the US in a matter involving US$167 million fraudulent...