Category: AML

Regulatory Watch News

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  BaFin warns consumers about services offered by the company EmexFunding

  BaFin

  March 18, 2025

  The Federal Financial Supervisory Authority (BaFin) warns consumers about the company EmexFunding and the services it is offering. BaFin suspects the unknown operators of the website emexfunding.com of offering consumers financial, investment and cryptoasset services without the required authorisation.

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  Detecting, Disrupting and Investigating Online Child Sexual Exploitation

  FATF

  March 18, 2025

  Online child sexual exploitation (OCSE) - the use of the internet to carry out or facilitate the sexual exploitation of children - is rapidly becoming a dominant, complex, cyber-enabled, victim-based crime trend. These offences have a devastating, severe and long-lasting consequence on victims and their families. This landmark report draws on case studies and expertise from across the FATF’s Global Network. It aims to provide an updated and more precise understanding of the financial flows behind these heinous crimes and enhance both the private and public sectors’ ability to detect, disrupt and investigate online child sexual exploitation.

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  EFCC Arraigns Woman for Alleged N6.8m Romance Scam in Maiduguri

  EFCC

  March 18, 2025

  The Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission,  EFCC,  on Monday, March 17, 2025 arraigned one Catherine Ijeoma Ugwu before Justice Aisha Kumaliya of the Borno State High Court Maiduguri. The defendant was arraigned on a four -count charge bordering on obtaining by false pretence, criminal misappropriation and cheating by impersonation to the tune of N6, 815,300.00 (Six Million Eight Hundred and Fifteen Thousand Three Hundred Naira only).