The CBN mandates banks, fintechs, and financial institutions to deploy automated AML systems, using AI and real-time monitoring, with strict compliance deadlines.

Its impact is painfully visible in the lives of its victims, who will see their savings drained, credibility destroyed, opportunities lost, and confidence broken.

Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of N81,108,143.8 stolen from Sterling Bank Plc following a system glitch that befell the financial institution.Justice ...

Mumbai: The Vikhroli police have registered a case of alleged fraud worth Rs2.2 crore against Rajendra Babulal Kumar for allegedly cheating a man under the pretext of purchasing his house and using ...

Source: RBZ tightens screws on mobile money – herald Debra Matabvu THE Reserve Bank of Zimbabwe is moving to integrate the ...

In a note to clients, MST Marquee analyst Brian Johnson said CBA was unlikely to face a major fine, after reporting to police it had lent almost $1bn on fraudulent home loans. But Mr Johnson said he ...

The UK’s new Online Crime Centre, launching next month, will bring together government, police, intelligence agencies, banks, mobile networks and tech firms to take coordinated action against cyber ...

With fraud on the rise throughout the country, Therese Scarlati hopes her story can prevent others from becoming victims.

DRC agencies sign deal to monitor financial flows in infrastructure projects Partnership aims to improve transparency, traceability, prevent corruption and money laundering DRC seeks credibility as ...

Most people still think of bank fraud as something that happens to someone else. A stranger clicks a suspicious link, gets ...

Banks are increasing their surveillance of certain deposit patterns in 2026. Learn which common activities could lead to a ...

Large cash deposits aren't illegal. But they do trigger reporting. Here's what your bank is actually reacting to.