by KEMMAN | Oct 9, 2021 | Compliance, Corruption, Financial Crime, governance, money laundering
Sunday 10/10/2021 – Why ZAMBIA should expand the list of Politically Exposed Persons (PEPs) or now sugar-coated Prominent & Eminent Persons (PEPs). In 2012 and 2013, I, as Area Head of Financial Crime Risk for Southern and Eastern Africa, Country Money Laundering...
by KEMMAN | Nov 28, 2020 | Connivance, Fraud, money laundering, Terrorism, Terrorism Financing
Italy has the Mafias. China has the Triads. Zambia has the Jerabos. Japan has the Yakuza. Yakuza, also known as gokudō, are members of transnational organized crime syndicates originating in Japan. The Japanese police, and media by request of the police, call them...
by KEMMAN | Nov 26, 2020 | Financial Crime, Fraud, money laundering
The perpetrator was Carson Yeung, Hong Kong hairdresser turned businessman who made his fortune trading in penny stocks/shares, eventually becoming the president of English football club Birmingham city football club in 2009. After years of high living the charges...
by KEMMAN | Nov 26, 2020 | Compliance, Financial Crime, governance, money laundering, Scam, Underground banking
The Perpetrator was Ruan Zhizhong who operated in China and Vietnam. In August 2009 Chinese law-enforcement raided an underground bank and money laundering gang that had sent an estimated USD1.46 billion abroad in illegal transfers. Chinese media reported that,...
by KEMMAN | Nov 22, 2020 | Conspiracy, Corruption, deceipt, Deception, Financial Crime, Fraud, money laundering
There is a paper entitled “The Devastating impact of Money Laundering and other Economic and Financial Crimes on the Economy of Developing Countries: Nigeria as a Case Study” by Yusuf and Ibrahim from the International Islamic University Malaysia. The paper makes very...
by KEMMAN | Nov 22, 2020 | deceipt, Deception, Fraud, Impersonation, money laundering, Scam
The propensity and affinity for some people to gauge an opportunity to misappropriate, embezzle or divert funds to increase one’s wealth is too great and irresistible. While they may consider themselves “under the radar,” the example below demonstrate that in the end...
