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
March 14, 2024
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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
March 13, 2024
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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
February 19, 2024
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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
July 7, 2022
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6 Uncomplicated Ways to Get Studying Fun

Acestea sunt semne bune că vor oferi mult

Investment commission pledges FDI support to improve Nigeria’s

Nigeria’s gas revolution will lift West Africa’s energy

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Some Populer Post

Kano, Morocco sign $10bn energy, mineral development deal

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Tag: Fraud