Money Laundering

A significant legal proceeding in Abuja has cast a spotlight on the operations of several Nigerian banks, raising critical questions about their involvement in money laundering activities. The Federal High Court, under Justice Emeka Nwite, recently issued an interim order freezing 21 bank accounts

The recent enforcement action against Bank of America by the Office of the Comptroller of the Currency (OCC) highlights the significant regulatory pressures financial institutions face in ensuring robust Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance. The OCC's

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

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 court ruling that underscores the ongoing challenges in the fight against healthcare fraud, a Florida man, Jose Goyos, has been sentenced to 15 years in prison for his involvement in a massive healthcare fraud and money laundering scheme valued at $67 million. The intricate