Banks (Finance)
A 64-year-old man from Newcastle lost an estimated tens of thousands of pounds after falling victim to a bank scam involving courier fraud. Three suspects, a 26-year-old man and two women aged 32 and 26, have been remanded at court and are due to appear at Newcastle Crown Court on
Banks (Finance)
Nadia Mitsopoulos and Sue Peacock, 720, ABC Radio Perth, 720 Perth, bankwest, commonwealth bank, michael alford, money laundering, bank reported on a disturbing case of a Perth couple, Michael Alford and his wife, who have been struggling to understand mysterious transactions on their bank accounts. Despite their efforts to resolve
Fraud
Phindile Jessie Kubheka, a former Eskom contractor, has been sentenced to 16 years imprisonment, wholly suspended, after pleading guilty to charges of fraud and money laundering. Kubheka, director of Umnandi Catering and Accommodation and Ronny Grass Cutting (Pty) Ltd, was contracted by Eskom to supply a customised oil storage container
Fraud
Arif Patel, a key player in a massive carousel tax fraud, has been ordered to pay back over £90 million following a 14-week trial in 2023. Patel and his co-accused, Mohamed Jaffar Ali, were found guilty in their absence of fraud and money laundering offences. The convictions followed a joint
Banks (Finance)
As banks in India grapple with the evolving nature of digital fraud, they are encountering a significant shift in risk dynamics. Gone are the days when loan accounts were considered the primary risk factor; today, operational concerns surrounding deposit accounts are mounting, driven by the proliferation of mule accounts and
Banks (Finance)
As the Trinidad and Tobago Police Service (TTPS) continues to warn the public about the dangers of phone scams and fraudulent activities, a recent case highlights the importance of being vigilant when receiving unsolicited messages. A woman claimed that TT$45,000 had been unlawfully transferred from her bank account
Banks (Finance)
The directorate of enforcement (ED) has attached immovable properties worth Rs 2.8 crore in a bank fraud case against Crown Minerals Trading Corporation (CMTC) and its partners. The firm and its partners are accused of cheating Canara Bank by fraudulently obtaining a loan of Rs 7 crore, which they
Fraud
The Brazilian government has successfully executed a massive operation against organized crime in the fuel sector, resulting in the execution of over 400 warrants, including six arrest warrants and hundreds of searches and seizures, in at least eight states. The operation, which involved the coordination of multiple government agencies, has
Fraud
Brazilian authorities have launched the largest operations against organized crime in the fuel sector, resulting in the execution of over 400 warrants, the freezing of R$3.2 billion in assets, and the seizure of approximately R$140 billion in illicit funds. The operations, dubbed Quasar, Tank, and Hidden Carbon,
Fraud
Arif Patel, a 57-year-old former sock manufacturer from Preston, has been found guilty in his absence of VAT repayment claims on false exports of textiles and mobile phones, amounting to £97 million. Patel's criminal gang also imported and sold counterfeit clothes worth at least £50 million, had they
Banks (Finance)
The Bank of Ghana (BoG) has issued a new directive aimed at enhancing Anti-Money Laundering (AML) measures by mandating stricter documentation requirements for importers dealing in foreign currency. As part of these measures, importers must provide comprehensive sets of endorsed documents to support any foreign currency transactions related to their
Banks (Finance)
The Federal High Court in Abuja has ordered six commercial banks to provide the Inspector-General of Police (IGP) with the details and statements of accounts linked to human rights activist and Sahara Reporters publisher Omoyele Sowore. The order, which was made on Tuesday, covers transactions from January 2024 to date.
