Search results for : moneygram agent
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'
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
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.
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...