When money laundering meets 419 fraud

By Sandra Fungai Kabaya (August 16, 2023, 10:18 AM EDT) -- In today's interconnected world, financial fraud has become increasingly sophisticated, posing significant challenges to individuals, businesses and governments. One prevalent form of fraud is the 419 scam, also known as the advance fee fraud. This article aims to shed light on the 419-fraud scheme and explore the crucial role of anti-money laundering (AML) measures in combating this fraudulent activity....