October 4, 2019/Ecobank Nigeria Ecobank Nigeria limited has advocated continuous collaboration by all stakeholders in the fight against cyber crimes in the country. In his welcome address at the second general meeting of Nigeria electronic Fraud Forum (NeFF) in Lagos, Patrick Akinwuntan, Managing Director, Ecobank Nigeria, said the activities of […]
Frauds & Scandals
SEC Orders Blockchain Company to Pay $24 Million Penalty for Unregistered ICO
September 30, 2019/US SEC The Securities and Exchange Commission today announced settled charges against blockchain technology company Block.one for conducting an unregistered initial coin offering of digital tokens (ICO) that raised the equivalent of several billion dollars over approximately one year. The company agreed to settle the charges by paying […]
CBN Direct Banks to Report Transactions Listed on UN Security Council Resolution 1718
September 30, 2019/CBN Further to the provisions of Regulation 11 of the CBN AML/CFT Regulations, 2013 and our previous Circulars on targeted financial sanctions, we write to remind all financial institutions on the need to increase surveillance and report all transactions involving persons and entities designated under the United Nations […]
