Fraud Archives - AM Business

Youverify raises $2.5M to fight anti-money laundering

Nigerian firm specializing in identity verification and anti-money laundering solutions tailored for both banks and startups, Youverify, has successfully secured a $2.5 million investment from Elm, a leading provider of digital solutions serving public and private institutions in Saudi Arabia. This pre-Series A investment not only infuses capital into Youverify but also establishes a strategic […]

aomenyepdnlimited-com
14th March 2024
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23 Views

El Salvador moves Bitcoin to offline vault

Crypto

Binance trained ‘police, EFCC operatives’, blocked 281 accounts over money laundering

Binance stated it confined 281 accounts belonging to Nigerian residents as a result of money laundering concerns in 2022 and extensively partnered with the FG to protect users from illicit activity. The Binance team also stated in a press release, that it had visited the country twice during the fourth quarter, and the company’s Law […]

monwubukepdnlimited-com
13th March 2024
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18 Views

News

No fraud found in Nigerian unit, says Olam Group

Singapore’s Olam Group has addressed concerns by announcing that its investigation team found no evidence implicating its Nigeria unit in an alleged multi-billion-dollar foreign exchange fraud. The company stated that no charges were brought against Olam Nigeria, maintaining its innocence. In a recently released statement, Olam Group clarified that the investigation team, sanctioned by the […]

aomenyepdnlimited-com
19th February 2024
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15 Views

Banking

Kenyan court freezes Flutterwave accounts over money laundering

A High court in Kenya has frozen bank accounts linked to a Nigerian fintech company, Flutterwave, over alleged money laundering and card fraud. Flutterwave which is run by Gbenga Agboola was tied in an investigation involving 56 bank accounts holding 7billion Kenyan shillings ($59.3m) suspected to have been laundered by foreign nationals, according to The […]

enitan
7th July 2022
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21 Views

UK unveils major visa overhaul to cut legal

BUA cement announces revised date for ₦2.05 dividend

Lagos partners BOI, Sterling Bank to boost MSMEs

Disney beats Q2 expectations with strong Disney+ subscriber

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Some Populer Post

Saudi Aramco reports 5% drop in Q1 profit amid

African DeepTech innovation takes global stage at DTS 2025

UK immigration crackdown halt visa issuance for foreign care

SERAP calls on CBN to reveal disbursements to 774

Tag: Fraud

Youverify raises $2.5M to fight anti-money laundering

Binance trained ‘police, EFCC operatives’, blocked 281 accounts over money laundering

No fraud found in Nigerian unit, says Olam Group

Kenyan court freezes Flutterwave accounts over money laundering

Saudi Aramco reports 5% drop in Q1 profit.

African DeepTech innovation takes global stage at DTS.

UK immigration crackdown halt visa issuance for foreign.

SERAP calls on CBN to reveal disbursements to.

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