Another Hushpuppi nabbed: Interpol arrests Nigerian scammer James Aliyu in South Africa zwnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zwnews.com Daily Mail and Mail on Sunday newspapers.
June 30, (THEWILL) – A suspected cybercrime kingpin, James Aliyu, has been arrested in a luxury Sandton estate, in South Africa, by operatives of the International Criminal Police Organisation (Interpol). Aliyu, a Nigerian national, was arrested on Wednesday, in connection with almost R196m in alleged romance scam and business email compromise fraud. He was arraigned
Bitcoin crackdown in South Africa — what you should know mybroadband.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mybroadband.co.za Daily Mail and Mail on Sunday newspapers.
Report: South Africa Bars Transfer of Locally Acquired Cryptocurrencies to Overseas Exchanges, Offenders Face Jail Time
Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them to externalize “any right to capital” will be deemed a criminal offense.
Risk of Imprisonment
According to a Mybroadband report, this new interpretation of the country’s exchange control regulations is contained in the FAQ document recently published by the Intergovernmental Fintech Working Group (IFWG), a body that is comprised of South Africa’s financial regulators. In the document, regulators explained: