Search results
Results From The WOW.Com Content Network
The Economic and Financial Crimes Commission (EFCC) is a Nigerian law enforcement and anti-graft agency that investigates financial crimes and unknown transactions such as advance fee fraud (419 fraud) and money laundering. [1] The EFCC was established in 2003, partially in response to pressure from the Financial Action Task Force on Money ...
The act also established the Special Control Unit against Money Laundering, under the EFCC. This act made key changes to the repealed act, some of which are; Restrictions on cash payment transactions: Transactions exceeding N5 million for individuals and N10 million for corporate bodies are to be made through a banking system, and any attempt ...
Whistle-blowing Policy in Nigeria is an anti-corruption programme that encourages people to voluntarily disclose information about fraud, bribery, looted government funds, financial misconduct, government assets, and any other form of corruption or theft to the Nigeria's Federal Ministry of Finance. [1][2] A whistle-blower who provides ...
The Independent Corrupt Practices Commission (ICPC; in full the Independent Corrupt Practices & Other Related Offences Commission) is a Nigerian agency that was inaugurated on 29/9/2000 following the recommendation of President Olusegun Obasanjo. The mandate is to receive and investigate reports of corruption and in appropriate cases prosecute ...
The Hobbs Act (enacted 1934), [1] the mail and wire fraud statutes (enacted 1872), including the honest services fraud provision, [2] the Travel Act (enacted 1961), [3] the Racketeer Influenced and Corrupt Organizations Act (RICO) (enacted 1970), [4] and the federal program bribery statute, 18 U.S.C. § 666 (enacted 1984), [5] permit the ...
Advance-fee scam. An advance-fee scam is a form of fraud and is a common confidence trick. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. [1][2] If a victim makes the payment, the fraudster ...
The State Security Service (SSS), self-styled as the Department of State Services (DSS), [1] is a security agency in Nigeria and one of three successor organisations to the National Security Organization (NSO). The agency is under the Presidency of Nigeria, and it reports its activities direct to the President, office of the ONSA, headquartered ...
The Dodd–Frank Wall Street Reform and Consumer Protection Act was created as a response to the financial crisis in 2007. Passed in 2010, the act contains a great number of provisions, taking over 848 pages. It targets the sectors of the financial system that were believed to be responsible for the financial crisis, including banks, mortgage ...