Search results for : moneygram agent
January 05, 2015
Compliance officers increasingly targeted for AML breaches
The U.S. government's decision to sue a former compliance officer for $1 million over his alleged failure to ensure that anti-money laundering (AML) procedures at the company he worked for were followed - a decision which has disturbed some observers - raises questions about the personal liability of compliance officers in The Bahamas, especially as the jurisdiction embraces Internet gaming.
On De...
Money transfer fraud: 'It's all hands on deck'
December 08, 2011
Money transfer fraud: 'It's all hands on deck'
By NATARIO McKENZIE
Tribune Business Reporter
nmckenzie@tribunemedia.net
MONEYGRAM International yesterday confirmed it had launched an investigation into reports of ‘test transaction fraud’ that had hit some of its agents in the Bahamas and the Caribbean, a senior executive said yesterday, telling Tribune Business it was “all hands on deck” to get to the bottom of the mat...
Money Gram Security Breach
December 04, 2011
Money Gram Security Breach
A MONEYGram agent in the Bahamas may have lost hundreds of thousands of dollars this weekend as a result of its system being hacked, The Tribune understands.
July 18, 2017
Clearing Banks Association issues 'mystery shopper' scam warning
In an effort to promote fraud awareness, the Clearing Banks Association (CBA) issued a notice yesterday about the "mystery shopper" scam, which could result in a victim of fraud being liable for stolen money.
The CBA explained that "fraudsters, to gain the assistance of third-party victims in money laundering", often use the scam.
"The scheme begins with an email or Facebook message offering you a...
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