Fraud

Money laundering with cryptocurrency presents a significant challenge as the nature of cryptocurrencies complicates tracking transactions, often enabling illegal activities to thrive. This article delves into how money laundering occurs within the crypto ecosystem, the techniques employed by

In a rapidly evolving technological landscape, banks are under immense pressure to undergo digital transformations to stay competitive, enhance services, and meet the heightened expectations of their customers. However, many face significant challenges, such as regulatory constraints, data security

The intricate challenges of financial crimes, especially involving large sums of government funds, were spotlighted as the Economic and Financial Crimes Commission (EFCC) arraigned businessman Akindele Akintoye on December 24, 2024. These charges, which include money laundering and contract fraud,

In a striking revelation, three individuals linked to Evergreen Recovery, Inc., a drug and alcohol treatment center, have been implicated in an extensive Medicaid fraud and money laundering scheme that highlights the vulnerabilities in healthcare systems. Operating from March 2018 to July 2024, the

In a significant and controversial move, Metro Bank has announced plans to ban all deposits into cryptocurrency exchanges starting from November 2024. This decision is part of the bank's broader efforts to safeguard its customers from the growing threat of cryptocurrency-related fraud.

The fintech industry is on the brink of a significant transformation, driven by advancements in artificial intelligence (AI) and the increasing demand for personalized financial services. By 2025, these technologies are expected to redefine the financial landscape, offering consumers more tailored,