23rd September 2016
The United States has moved against what it describes as a major international money laundering network which has operations based in Ireland. The PacNet group, a Canadian international payments processor, was allegedly clearing money based on scams targetting elderly and vulnerable victims involving fake lottery wins, sweepstakes and letters from psychics. Read More
22nd September 2016
China’s outbound direct investment spiked at US$102.75 billion in the first seven months, a 61.8 per cent year-on-year surge Read More
22nd September 2016
The fraudsters behind a £113 million (€131.68m) international money laundering ring used their ill-gotten gains to fund a lavish lifestyle of fast cars and five-star hotels. Read More
20th September 2016
The European Union’s top competition regulator stood by her decision to demand more than $14 billion in tax repayments from Apple Inc. and tweeted that she may investigate other major US companies, ahead of meetings with officials in Washington. Margrethe Vestager, the EU’s commissioner for competition, on Monday will meet… Read More
19th September 2016
A group of lawyers, under the umbrella of "Lawyers for Justice" has demanded an immediate investigation into the tenure of Mr. Austin Alegeh (SAN), immediate past president of the Nigerian Bar Association (NBA), by the Economic and Financial Crimes Commission (EFCC). The group’s demand was contained in a petition addressed to the EFCC Chairman, exclusively obtained by SaharaReporters. Read More
19th September 2016
Twenty officials with the Arab Balad party arrested, may face charges of aggravated fraud, falsifying corporate documents, forgery, campaign financing violations Read More
16th September 2016
The Central Bank of Nigeria (CBN) has warned Nigerians to be careful not to deposit money in any institution that is not insured by the Nigeria Deposit Insurance Corporation (NDIC). The bank through its the acting Director of Corporate Communications, Mr. Isaac Okoroafor, warned especially on the trending MMM Nigeria community. “At times like this… Read More
14th September 2016
When Wells Fargo was hit last week with $185 million in fines after thousands of its employees were caught setting up fake accounts that customers didn’t ask for, regulators heralded the settlement as a breakthrough. The Consumer Financial Protection Bureau noted that the $100 million it will collect as part… Read More
11th September 2016
The Philippines’ department of justice has ended primary investigation in the cyber highest of the largest-ever amount of money Bangladesh Bank account of New York Federal reserve. At least 81 million dollars of the stolen money was en-cashed in Manila. The Daily Inquirer reported that the probe was related to… Read More
6th September 2016
Brazilian police launched an investigation of fraud at state-run companies’ pension funds on Monday, as a judge ordered dozens of senior financiers and executives away from their firms, including the chief executive of the world’s biggest beef exporter. Police carried out five arrests, more than two dozen interrogations and over… Read More