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, “During a raid of the gang’s headquarters in Guangxi’s Fangchenggang City, Police seized 70 deposit books,Continue reading “Underground bank and Money Laundering Typologies – Viets & Sino”
Category Archives: scam
The Village Banking – Zambian Style
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 Ventures. Nalikwebele tabulapo. Kuti mwashala muli mwamoneni mwamoneni, ka Capital naContinue reading “The Village Banking – Zambian Style”
The Jet-Setting Monk from the Tiger Kingdom
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 crime doesn’t pay. The Perpetrator is Wirapol Sokphol a.k.a “The Jet-Setting Monk fromContinue reading “The Jet-Setting Monk from the Tiger Kingdom”
Impact of COVID-19 on AML/CTF Regime
Authored by Diphat Tembo-CAMS, Director-Compliance and Prevention Department of the Financial Intelligence Centre-Zambia and Kunda Kalaba-CAMs, CFE, Managing Partner KEMMAN Consultancy. The Coronavirus-COVID-19 has infected more than 57,228,106 individuals globally, and killed over 1,365,461 people, since being identified in China at the end of 2019, spurring governments across the World introducing measures such as socialContinue reading “Impact of COVID-19 on AML/CTF Regime”
Matrix of theft of $105 million at Ndola Lime
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 actions qualify to be one of the Anti-Money Laundering (AML) typologies worth beingContinue reading “Matrix of theft of $105 million at Ndola Lime”
LUSAKA BANKER WALKS FREE FROM 12 FRAUD CHARGES INVOLVING OVER $50,000
Theft by Agent
Magecart, aka web skimming or e-skimming
29. jan. 2020: Magecart, aka web skimming or e-skimming is a form of cyberecrime where hackers plant malicious JavaScript code on online stores configured to steal payment card data while users enter the card info inside checkout & payment forms
