The alarming rise in digital bank fraud in 2024 has left the financial industry grappling to understand the underlying causes and implement effective countermeasures. According to the 2025 Digital Identity Fraud in Africa Report by Smile ID, digital bank fraud reached an unprecedented 35%, a
Canada is facing a significant economic dilemma. The country must decide whether to address transnational organized crime and money laundering to avoid 25% tariffs threatened by the United States. This decision could have profound economic consequences, potentially leading to a downturn similar to
Canada's anti-money laundering agency, FINTRAC, has come under scrutiny for its perceived lack of seriousness in addressing money laundering activities within the real estate sector. The focus has been on the recent efforts, or the lack thereof, to penalize real estate firms involved in money
In a significant development in the investigation of a Rs 220 crore bank fraud involving Sharon Biomedicine Limited (SBML), the Enforcement Directorate (ED) has intensively seized immovable assets worth Rs 79.78 crore. This seizure, which took place on January 24, included flats, plots, hotels, and
The article delves into the serious allegations against Sterling Bank Limited and its holding company, Sterling Financial Holdings Company, by Nigerian authorities. The Nigeria Police Force has charged these entities with money laundering, fraudulent deductions, and other financial malpractices.
Thailand is on the brink of a significant policy shift with the potential legalization of online gambling. This move, driven by economic incentives, aims to regulate and tax an already thriving underground industry. However, the prospect of legalizing online gambling brings with it substantial
