Tag: Financial Crime
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MobileMoney Fintech Limited Partners Stakeholders to Combat Digital Fraud
MobileMoney Fintech Limited(MMFL) has held its maiden Fintech Partner Exchange, bringing together key stakeholders across Ghana’s financial services ecosystem in a bid to deepen collaboration, strengthen trust, and build a more coordinated response to the growing threat of digital financial fraud. The engagement, held under the theme “Uniting Against Fraud: Strengthening Ecosystem Collaboration,” provided a platform for…
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Calls Mount for Presidential Pardon for Capital Bank Founder Ato Essien
The Head of Mission for the Commonwealth Enterprise and Investment Council, Dr. John Apea, has asked for a presidential pardon for Mr. William Ato Essien, founder of Capital Bank. William Essien was convicted and jailed for 15 years over Gh¢90 million theft against him, and is currently in a poor state of health in prison…
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Court Jails Nana Agradaa 15 Years Over Money-Doubling Hoax
Former traditional priestess turned evangelist, Patricia Asiedua Asiamah, popularly known as Nana Agradaa, has been sentenced to 15 years in prison by the Circuit Court in Accra. The sentence follows her conviction for charlatanic advertisement and defrauding by false pretence. Nana Agradaa was found guilty of luring victims through a 2022 televised broadcast, in which…
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Financial Crime: Mobile Money Fraud and Illicit Financial Flows In Ghana
Mobile money, often referred to as MoMo, is a financial transaction via mobile phones without requiring a bank account. Since its launch in 2009 by MTN, it has expanded financial access in developing countries. MTN was the first platform to enable share purchases with Momo in 2020. MoMo’s popularity stemmed from its simplicity, speed,…