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

Zimbabweans dominate Botswana’s citizenship list

Pini Bothoko | 19 h ago

Bus operators back Tana, secure 35% stake

Larona Makhaiza | 19 h ago

Botswana makes gains in economic governance

Tsaone Basimanebotlhe | 19 h ago

BSPCA: your partner in animal care

correspondent | 19 h ago

Botswana’s pension score declines in global index

Pauline Dikuelo | 19 h ago

Huawei, Orange partner to accelerate digital transformation

staff writer | 20 h ago

Thamaga man charged with unlawful wounding

Pini Bothoko | 19 h ago

Two die in head-on collision

Pini Bothoko | 19 h ago

Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

The Monitor Editor | 03 November 2026

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.

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.

Explore

More

Zimbabweans dominate Botswana’s citizenship list

Bus operators back Tana, secure 35% stake

Botswana makes gains in economic governance

BSPCA: your partner in animal care

Botswana’s pension score declines in global index

Huawei, Orange partner to accelerate digital transformation

Thamaga man charged with unlawful wounding

Two die in head-on collision

Tana project a welcome development