Cybercriminals launder money out of mansions, private islands & crypto currency

As it stated in Websites offer All thing from penthouse suites & lavish mansions, to 160-acre private islands, all with the option to purchas Utilizing bitcoins. Researcher Dr. Mike McGuire noted, "It's no surprise to see cybercriminals Utilizing virtual currency for money laundering. A more 35 % Utilize other digital payment systems, involving Skrill, Dwoll, Zoom, & cell cell smartphone payment systems such as M-Pesa. Dr. McGuire concludes, "The growing Utilize of digital payment systems with cybercriminals Information Systems creating significant crises for the universal financial system. Digital payment systems are generality efficient the time combined with other digital resources, such as virtual currencies & on-line banking.

Banks resist crypto currency Utilize in Ghana

Some banks have expressed powerful resistance to the adoption of crypto currency in Ghana describing it as grounds of breeding money laundering & other financial crimes. The banks have too cited the absence of a law as foundation for their posture. There have been calls on the central bank to let the Utilize of crypto currencies because of the uptake in the currency, globally. The chief executive officer of Groupe Nduom, Dr. Papa Kwesi Nduom has discovered of plans to venture into crypto currency transaction. This too formed fraction of the visit of the universal Head of Digital Retail Banking at level Chartered, Aalishaan Zaidi to Ghana.

Ghanaian banks resist the Utilize of crypto currency

As it stated in newsSome banks in Ghana have told which they are against the adoption of cryptocurrency in Ghana. The banks describe it as grounds of breeding money laundering & other financial crimes. I think at this point in time which Information Systems Apparently our position because we would need to prevent the consumer, & our world from money laundering & terrorist financing & not until there Information Systems any law, we going to only not play," he added. READ ALSO: Vodafone cuts off line to Ghana Police Service because they oweHis response comes after calls from some Ghanaians for the Bank of Ghana (BoG) to let the Utilize of cryptocurrencies because of the uptake in the currency, globally. The chief executive officer of Groupe Nduom, Dr Papa Kwesi Nduom has discovered of plans to venture into cryptocurrency transaction.

collected by :Mathio Rix