Archives 2022

It can be carried out by individual employees and most commonly observed when employees falsefully increase the amount they should be paid. An employee attempting to receive any money they…

No company is immune against corruption. While a carefully crafted anti-corruption policy and code of conduct remain key to preventing corruption, they are not enough. A single dubious employee who…

The lawsuit was filed as a representative action against Singapore-registered public company PNG Sustainable Development Program (PNG) on behalf of around 15,000 members of certain communities in the Western Province…

This scam scheme involves fraudulent investment operations where returns are paid to investors from money deposited by subsequent investors, rather than actual profits from a company’s operations. In reality, the…

Deception usually occurs in speech patterns such as speeding up or slowing down, talking louder, talking softer, coughing or clearing the throat. Other non-verbal clues can include closing the mouth…

Although there are many legitimate ways to profit from the forex market, there are also pitfall (such as portfolio manager scam, pump-and-dump, and trading bots) one has to be wary…

The US Senate yesterday August 8,2022 passed the inflation Reduction Act with a 50-51 votes and the act is aimed at reducing cost of health care expenditure,reduce inflation and fight…

U.S. Treasury sanctions cryptocurrency ‘mixer’ group over money launderingThe Treasury announced sanctions against Tornado Cash, a virtual currency ‘mixer,’ over accusations of money laundering facilitation. The Treasury Department said that…

The Inland Revenue Authority of Singapore (IRAS) on Thursday, 28th Jul, 2022 issue a warning to the general public on “sudden surge” in phishing scams involving individuals impersonating as IRAS…

The Central Bank (BDL) has informed authorities and the public that it will no longer execute documentary credit destined to purchase fuels at preferential exchange rates. BDL will use market…