The House of Representatives Committee has launched an extensive investigation into Sterling Bank following allegations of money laundering, unauthorized deductions, and other financial irregularities. The probe, which also implicates the Central Bank of Nigeria (CBN) and Shell Petroleum, was
Sterling Bank Limited has found itself embroiled in a controversy as serious allegations of money laundering and fraud involving $28.3 million have come to light. These allegations were brought forward by Miden Systems Ltd and its director, Dr. Brendan Innocent Usoro. The case began gaining
The ongoing investigation involving K.T. Rama Rao, commonly known as KTR, who serves as the working president of the Bharat Rashtra Samithi (BRS) and is a former Municipal Administration Minister, has captured significant public and media attention. The case revolves around allegations of financial
Indonesia, with its rapidly increasing internet penetration and widespread adoption of digital financial services, has become a prime target for online fraud and scams. These issues are exacerbated by the country's legal and regulatory frameworks, which are struggling to keep pace with the evolving
In an age where technological evolution is happening at lightning speed, virtual banking stands out as one of the most transformative changes in the financial sector. By 2024, it is expected that nearly 2.5 billion people globally will be relying on virtual banking services, making it evident that
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
