by KEMMAN | Jul 14, 2026 | Compliance, Fraud, money laundering, Online Cryptocurrency Scams, Scam
By Emmanuel Kunda Kalaba, CAMS, CFE Introduction As digital banking, fintech services, and cryptocurrency continue to reshape the global financial landscape, fraudsters are becoming increasingly sophisticated. Two of the fastest-growing financial crimes affecting...
by KEMMAN | Jul 14, 2026 | Compliance, Crypto Currency, Digital currency, Financial Crime, Fraud, money laundering, Scam, Terrorism, Terrorism Financing
Introduction The rapid growth of online banking, mobile payments, fintech applications, and cryptocurrency platforms has transformed the way people manage their finances. Customers can transfer funds, invest, trade digital assets, and make payments from virtually...
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 24, 2020 | Connivance, Conspiracy, deceipt, Deception, Fraud, Impersonation, Scam, Skimmimg
There is strength in numbers but also there are also existential challenges which come with business undertakings in groups such as the Village Banking which may for now be taken as “fore-warnings and LESSONS Learnt” as we move to encourage, and champion such Business...
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...
by KEMMAN | Nov 19, 2020 | Corruption, Financial Crime, governance, money laundering, Scam
In June 2020 Gregory Chifire alleged that $105 Million had been stolen at Ndola Lime through a series of transactional activities he termed “Matrix of theft of $105 million at Ndola Lime”. To the initiated, these series of financial transactional activities and...
