Mmegi

Forex, crypto again top FIA fraud list

Friday, December 13, 2024 | 500 Views |

On the hunt: Cyber criminals are stalking Batswana on social media in increasing numbers PIC: THE CYBER EXPRESS

Fraud involving cryptocurrencies and forex continues to dominate the crimes being spotted by the Financial Intelligence Authority (FIA), whose latest data shows that Batswana continue to fall victim to get-rich-quick social media scammers.

A trend analysis report published recently indicates that between January and June 2023, banks and other authorities filed a total of 165 Suspicious Transaction Reports (STR) with the FIA, of which 116 involved fraudulent cryptocurrency dealings.

In a trends report issued by FIA covering the period from January to June 2023, the authority noted that scammers continue to lure larger numbers of Batswana into investing in dodgy digital trading platforms, purporting to be brokers who can invest on behalf of people.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

fraud

Selefu

1 h ago

BNF opens doors to returnees

Tsaone Basimanebotlhe | 12 Dec 2025

BCP rises strongly, BDP falls as UDC wins

Tsaone Basimanebotlhe | 12 Dec 2025

Sowa Town council raises P1.5 million as financial pressures mount

Tsaone Basimanebotlhe | 12 Dec 2025

Police crackdown on bars, other businesses sparks backlash

Lesedi Mkhutshwa | 12 Dec 2025

From debate to digital warfare: Botswana’s crisis of democratic discourse

THOMAS NKHOMA | 12 Dec 2025

BTC reaches seven-year high on BSE

Mbongeni Mguni | 12 Dec 2025

Discovering serenity: A Journey to Manong Game Lodge

Nnasaretha Kgamanyane | 12 Dec 2025

Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

Mmegi Editor | 12 December 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Forex, crypto again top FIA fraud list

Fraud involving cryptocurrencies and forex continues to dominate the crimes being spotted by the Financial Intelligence Authority (FIA), whose latest data shows that Batswana continue to fall victim to get-rich-quick social media scammers.

Selefu

BNF opens doors to returnees

BCP rises strongly, BDP falls as UDC wins

Sowa Town council raises P1.5 million as financial pressures mount

Police crackdown on bars, other businesses sparks backlash

From debate to digital warfare: Botswana’s crisis of democratic discourse

BTC reaches seven-year high on BSE

Discovering serenity: A Journey to Manong Game Lodge

Human rights are sacred