October 4, 2017/SEC The zero tolerance stance on infractions of the Securities and Exchange Commission (SEC), received a major boost Thursday when the BGL Group and its officials were arraigned at the Chief Magistrate Court Zone 6, Abuja on charges of criminal conspiracy, Breach of Trust and cheating contrary to Sections 96, […]
Frauds & Scandals
Mastercard Arms Issuers with Predictive Tool to Combat Account Related Fraud from Data Breaches
October 2, 2017/Mastercard With speed being a critical factor in fighting fraud, Mastercard today announced the launch of Early Detection System. This new service provides issuers with a unique advanced alert for cards and accounts at a heightened risk of fraudulent use based on their exposure in security incidents or […]
Darkness descends on KPMG; Auditing firm faces ruin as its reputation lies in tatters
Culled—Proshare September 29, 2017/Times Live Auditing firm KPMG SA’s reputation is in tatters and it faces ruin as another two major clients ditch it. On Tuesday financial services company Sasfin and investment company Hulisani announced plans to drop KPMG because of reputational risks. Sygnia Asset Management had fired it earlier. […]
