Betsho Forensics

17/11/2023

Be warned‼️‼️‼️‼️

NOTICE TO CUSTOMERS

We are aware of a fraudulent page on social media that claims to be affiliated with FNB Botswana and is requesting customers to join an online trading platform.

We would like to inform customers that FNB Botswana has no affiliation to this page and strongly recommend customers to be cautious of unsolicited messages or pages.

At FNB Botswana, your security is our priority. We will never ask for your Online Banking login details, bank account balance, PIN, or request you to transfer or receive money from unknown accounts via phone calls, WhatsApp, SMS, or social media platforms.

We strongly advise all our customers to exercise caution and refrain from sharing any personal, sensitive, or confidential information on unsecured websites, emails, or social media pages. Additionally, do not click on any links or interact with unsolicited social media pages, emails, and SMSs.

If you ever suspect any fraudulent activity or malicious intent, please send us a screenshot to report the fraudster. You can also contact our toll-free number 0800 302 302 to learn more about how you can stay safe with our fraud prevention tips via the FNB mobile banking app.

Regards
FNB Botswana

15/09/2022

"Based on a survey conducted by the Association of Certified Fraud Examiner (ACFE) on occupational fraud, it was discovered that there were 2,504 cases of occupational fraud that occur in 125 countries around the world for the period from January 2018 to September 2019. The number of cases resulted in huge total losses of around 3.6 billion dollars."

Source: Internet: Article titled "Fraud Triangle Theory: Calling for New Factors"

Link:

PDF | The famous financial scandal of Enron, WorldCom and 1 Malaysia Development Berhad has harmed the auditor’s reputation as the protector of... | Find, read and cite all the research you need on ResearchGate

30/08/2022

"𝐀𝐌𝐋-𝐂𝐅𝐓 𝐑𝐞𝐝 𝐅𝐥𝐚𝐠𝐬 𝐈𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫𝐬 𝐨𝐟 𝐒𝐮𝐬𝐩𝐢𝐜𝐢𝐨𝐮𝐬 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬 :

- Personal Information Related to Client :
It’s a red flag if the client is unable to provide or refuse to give the following information:
>Business activities and corporate history
>Beneficial owner’s identity
>Source of wealth or funds
>Why the activities are carried out in a certain manner
>Identity of persons they transact with
>Nature of business dealings with third parties, especially those located outside the UAE
>Suspicious Nature / Activities of Clients

-Inexplicable changes in ownership
-Frequent changes in legal structures
-Red flags Associated with Client’s Transactions
Suspicious transactions may take one or more forms from the following list:
> Large sums of cash are involved
>Parties with questionable connections are involved
>Involvement of family members who lack legitimate business rationale.

>Involvement of persons residing in tax havens or high-risk countries
Red Alerts for Means of Payment

The payment involves doubts as to the validity of the documents submitted in connection with the Transaction
The payment Involves a loan granted, or an attempt to obtain a loan, using cash collateral, especially when this collateral is deposited abroad

Key Threats
Due to the nature of their work in terms of examining the accounts, books, records, transactions, and documents of their clients, audit professionals are in a unique position to detect potentially suspicious activity or transactions. For this reason, auditors need to be aware of the key ML/FT threats faced by their clients in the UAE. Among these are ML/FT threats related to the following predicate offences:
Fraud
Counterfeiting and Piracy of Product
Professional third-party Money Laundering
Insider Trading and Market Manipulation
Tax crimes (related to direct taxes and indirect taxes)
Red Flags during the audit
Transactions involve customs, excise or value-added tax or any other kind of tax fraud.
Involve loans or other financings from private third parties without adequate supporting agreements, collateral, or regular interest payments, or principal repayments.
Uses services of professional intermediaries that deliberately provide or depend upon more anonymity than is normal under the circumstances.
- Include contractual agreements with terms that are unusual or that do not make business sense for the parties involved.

- Involve frequent intracompany loan transactions or their repayment, and/or multi-jurisdictional wire transfers, especially when there is no apparent legal or commercial purpose.
- Involve payments of “consultancy fees” to shell companies established in foreign jurisdictions or jurisdictions known to have a market in the formation of numerous shell companies."



Source: Global AML CFT, LinkedIn.

15/05/2022

Senzo Meyiwa's life was tragically stolen in his home years ago and his killers have yet to be found and brought to justice. The absence/lack of evidence surrounding this case does not mean the crime was not committed. Some people might even know who the killers are, however without their sworn testimonies, and without enough evidence to place the killers at the scene of the crime at the time of the crime and the absence of the murder weapons makes it difficult for justice to be delivered atleast for the family of the deceased if not for the South African population and humanity in general.

Batswana, gatwe madi a nyena a jelwe, mme go lebega mabaka a le mantsi aa BAKANG gore batho ba ba a tsereng ba seka ba tshwarwa. Chief amongst these is EVIDENCE. Everything is centred around it or its lack thereof. Chain of custody, how it was collected, who handled the investigations, where the files were stored, witness testimonies, koore all of!

If you are stopped by the police for overspeeding and if in the process the police are unable/fail to provide footage of you driving the vehicle whilst committing the alleged crime, you can walk free. But it doesnt mean the crime was not committed.

16/12/2021

When investigations lead to prosecution.

10/11/2021

I have recently come across these complaints posted on the Consumer Watchdog page/group. It seems not one bank has been affected and these are the possible reasons:

1. The security of one or more ATMs has been compromised (card skimmers, etc);
2. The security of one or more POSs has been compromised.

Steps to take for those affected include but are not limited to the following:

•If you can access your account online, block your cards and account and report the transactions as fraudulent,

•Check if you are in possession of all your cards,

•Visit your nearest bank branch immediately or call to report the fraudulent transactions!

•Before using an ATM, please check if the machines have not been tempered with by just checking if anything seems out of the ordinary,

•Hide the key input area when you key in your pin and also be aware of your surroundings to see if there are no people acting out of the ordinary.

•Other fraud actors can pretend to be struggling with using the ATM and ask you to "help them" especially when you had just used to machine and you were walking away; they can use that time to discreetly copy your card.

SHARE FOR AWARENESS! We are approaching the festive season and this period is a very dangerous time as fraudsters take advantage of the busy schedule and use of cards in various places in preparation for the holiday period. Please note that fraud can occur at ANY TIME and that ANYONE can be a victim!

Stay alert!

05/05/2021

Be warned. Scammers are all over the net.

https://fb.watch/5iv-YUBLHo/

17/04/2021

Some people actually think we are all born with email addresses. I encountered several people who gave me name@gmail only to realise later the addresses don't exist and they thought it was automatic. We need to seriously train and empower people especially the youth about all things digital. A lot of people are missing out on a lot of opportunities as a result of lack of knowledge. We also need to train people on issues of security; stuff like how to keep your digital information safe and how to access online services securely. The 4th Industrial revolution brings with it great opportunities but its also presents challenges and we need to be at par with the "civilised world".
How prepared are we Batswana? Our progress and level of safety depends a lot on our level of knowledge and preparedness.

A re itekeng betsho.
Knowledge is indeed power.

08/04/2021

Not all criminals are smart. But I think the biggest threat, does not really lie in the intelligence of criminals, but in the lack of proactiveness of the officers responsible for detecting and preventing fraud and money laundering. Most often, they are reactive. That's why we are always behind.

06/04/2021

WHAT IS ORGANIZED CRIME?

Answer: "Criminal activities that are planned and controlled by powerful groups and carried out on a large scale." Can also be defined as "A category of transnational, national, or local groupings of highly centralized enterprises run by criminals to engage in illegal activity, most commonly for profit. Some criminal organizations, such as terrorist groups, are politically motivated."

"Its continuing existence is maintained through corruption of public officials and the use of intimidation, threats or force to protect its operations."

02/04/2021

Why not free up some of the pension funds, say 10%, give it back to the employees (pensioners) so that they have extra cash to invest into other projects or businesses to keep the businesses afloat?🇧🇼

10/03/2021