The Financial Crime Investigation Unit of the Seychelles Police says it is investigating OneCoin pyramid scheme which involves transaction of cash and property worth over $10 billion. Read more.
Tags : fraud
Bitcoin has been one of the most lucrative cryptocurrencies which is rivalling several legal tenders where popularity and adoption are concerned. Read more.
A local cryptocurrency investment company, AfriCrypt, has allegedly defrauded about $3.6 billion (about R54bn) in investor funds, after the company said its trading system was “hacked”.
Steinhoff has reached an agreement with certain insurance companies underwriting the group's directors and officers insurance policy. Read more.
First Covid-19 vaccine doses expected to arrive in SA on February 1, and calls to crack down on fraudulent schemes from direct selling lobby group. Read more.
A notable increase in suspicious transactions and money laundering in South Africa according to FIC report. South Africa has conducted its first money-laundering and terrorism finance risk assessment. Read more.