Financial Crime
Banks Dominate Nigeria’s Suspicious Transaction Reports, Account for 92% of NFIU Filings
By Benson Daniel Deposit Money Banks accounted for about 92 per cent of all Suspicious Transaction Reports submitted to the Nigerian Financial Intelligence...
Germany Charges Four Former Commerzbank Employees Over Cum-Ex Tax Fraud
German prosecutors have charged four former Commerzbank employees over alleged tax evasion linked to so called cum-ex trading carried out in 2008, in...
SEC Sues Former Tricolor Executives Over Alleged Investor Fraud
The U.S. Securities and Exchange Commission has sued the former chief executive of collapsed used-car seller and subprime lender Tricolor and two other...
Transaction Monitoring Becomes Strategic Priority for Nigerian Banks
By Benson Daniel Transaction monitoring is increasingly moving beyond its traditional role as a regulatory compliance function to become a strategic priority for...
Former Orlen Executives Face Trial Over $378 Million Crude Oil Deal Losses
Three former executives of Polish energy company Orlen and one of its subsidiaries face up to 25 years in prison after prosecutors filed...
Court Jails Self Acclaimed Prophet for Defrauding Church Members of N136 Million
A court has sentenced a self acclaimed prophet to prison after finding him guilty of defrauding members of his church of N136 million...
