September 15, 2021/US SEC The Securities and Exchange Commission today announced awards of approximately $110 million and $4 million to two whistleblowers whose information and assistance led to successful SEC and related actions. With these awards, the SEC’s whistleblower program has now paid more than $1 billion in awards to […]
Frauds & Scandals
CBN to Suspend Operating License of Banks Found Culpable in FX Malpractices for One Year
September 14, 2021/CBN In line with our continuing close surveillance of our financial markets in general and the FX market in particular, the CBN wishes to remind all banks that it is their responsibility to not only Know their Customers (KYC requirements) but also Know their customers’ business (KYCB requirements). […]
SEC Charges Three Media Companies with Illegal Offerings of Stock and Digital Assets
Companies to Pay More Than $539 Million in Settlement for Distribution to Investors September 13, 2021/US SEC The Securities and Exchange Commission today charged New York City-based GTV Media Group Inc. and Saraca Media Group Inc., and Phoenix, Arizona-based Voice of Guo Media Inc., with conducting an illegal unregistered offering […]
FirstBank Firstmonie Wallet
