{"id":52561,"date":"2024-10-17T12:54:04","date_gmt":"2024-10-17T12:54:04","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=52561"},"modified":"2024-10-17T12:54:04","modified_gmt":"2024-10-17T12:54:04","slug":"nfiu-laments-crypto-tech-challenges-in-anti-fraud-efforts","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/10\/17\/nfiu-laments-crypto-tech-challenges-in-anti-fraud-efforts\/","title":{"rendered":"NFIU Laments Crypto, Tech Challenges in Anti-Fraud Efforts"},"content":{"rendered":"<p>Nigerian Financial Intelligence Unit (NFIU) CEO, Hafsat Bakari, emphasized that emerging technologies like cryptocurrency are complicating efforts to combat financial fraud. Speaking at a summit with law enforcement agencies in Abuja, Bakari noted the NFIU received over 60,000 suspicious transaction reports and more than 15 million currency transaction reports in 2023.<\/p>\n<p>The NFIU&#8217;s role, Bakari explained, involves analyzing financial reports to identify underlying criminal offenses, without investigating, arresting or prosecuting. She highlighted the dynamic nature of modern crime, often transnational and fueled by money.<\/p>\n<p>The NFIU is also strengthening its technology platforms, deploying Artificial Intelligence and Machine Learning tools to tackle illicit financial flows.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nigerian Financial Intelligence Unit (NFIU) CEO, Hafsat Bakari, emphasized that emerging technologies like cryptocurrency are complicating efforts to combat financial fraud. Speaking at a summit with law enforcement agencies in Abuja, Bakari noted the NFIU received over 60,000 suspicious transaction reports and more than 15 million currency transaction reports in 2023. The NFIU&#8217;s role, Bakari [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":52562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[1597],"class_list":["post-52561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-abuja-reports","tag-nfiu"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/52561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=52561"}],"version-history":[{"count":2,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/52561\/revisions"}],"predecessor-version":[{"id":52572,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/52561\/revisions\/52572"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/52562"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=52561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=52561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=52561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}