How did suspicious transactions involving 909 accounts across numerous financial institutions continue for so long without triggering stronger compliance mechanisms? Why were unusual transaction patterns apparently not detected much earlier? Could more robust anti-money laundering controls, transaction monitoring systems, and Know-Your-Customer (KYC) procedures have disrupted the scheme before it reached this magnitude?
“Ghosts are supposed […] The post Ghost workers, IPPIS fraud, and lessons from the ₦941m forfeiture, By Nafisat Bello appeared first on Premium Times Nigeria.
Summary from source