Tag Archives: Money laundering

04Jun/23

New Independent Research Study Reveals Majority of Global Financial Institutions Are Unable to Respond Effectively to Fraud and Financial Crime

June 4, 2023FinanceCrime, Financial crime, Financial regulation, Forrester Consulting, Fraud, Money laundering, Property crimes, Property law, Tax evasion, Terrorismadmin

BioCatch, the pioneer of behavioral biometric intelligence and a leader in digital fraud detection, today announced the findings of a new commissioned study conducted by Forrester Consulting on behalf of BioCatch: “Improve Fraud and Anti-Money Laundering Operations With A Proactive And Unified Approach.” The research reveals the reality about the concern and readiness of the world’s largest banks’ ability to effectively respond to the changing fraud and financial crime landscape. This research comes on the heels of increasing media and regulatory body reports that money laundering scams are increasing at alarming rates. Continue reading

21Apr/23

Kamono Farm Initiatives Limited (KFI) a Zambian company is facing allegations of fraud and money laundering.

April 21, 2023LegalConservative talk radio, Crime, Fraud, Kamono Farm Initiatives Limited, KFI, Money laundering, Radio, Radio stations, Zambiaadmin

Kamono Farm Initiatives Limited (KFI) is a Zambian company that was founded in 2012 with the vision of changing the agribusiness landscape by offering farmers a superior service. KFI’s business model is based on contract farming, which allows the company to provide farmers with access to inputs, markets, and technical expertise. This has allowed KFI to help farmers increase their yields and incomes, and to improve the sustainability of their farming practices.

However, in recent years, KFI has been facing allegations of fraud and money laundering. These allegations stem from a number of factors, including:
Continue reading →

18Apr/23

The Financial Intelligence Centre (FIC) of Zambia on trade-based money laundering (TBML)

April 18, 2023EconomyAfrica, Articles, Corruption, Corruption in Russia, Financial regulation, Geography of Africa, Money laundering, Police corruption, Political corruption, Tax evasion, Terrorism, Zambiaadmin

April 18, 2023 /Business/ — The Financial Intelligence Centre (FIC) of Zambia has published a report on trade-based money laundering (TBML) in the country. The report found that TBML is a serious threat to the Zambian economy and that it is being used to finance a variety of criminal activities, including terrorism, corruption, and drug trafficking.

The report identified a number of factors that make Zambia vulnerable to TBML, including: Continue reading →

16Apr/23

Impact of the Al Jazeera’s Gold Mafia Investigation in Africa and its leaders

April 16, 2023FinanceBusiness law, Corruption, Crime, Financial Action Task Force on Money Laundering, Financial regulation, London, Money laundering, Patriot Act, Patriot Act, Title III, Tax evasion, Terrorism, Title IIIadmin

LONDON, 13 April 2023 / — It is still too early to say what the full impact of Al Jazeera’s Gold Mafia investigation will be on Africa and its leaders. However, the investigation has already had a number of significant impacts. Continue reading →

Tag: Money laundering