Search results for : moneygram agent
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.
By NATARIO McKENZIE
Tribune Business Reporter
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...
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...