In the realm of financial security, the Financial Crimes Recovery Agency (FCRA) issues a vital advisory to the public regarding a growing threat: criminals attempting to recruit individuals as unwitting participants in illicit fund transfers. This deceptive practice, often termed a “financial shell game,” constitutes a form of money laundering and is unequivocally against the … Read more
The Financial Crimes Recovery Agency (FCRA) urges the public to conduct thorough research before engaging in over-the-counter foreign exchange (“forex”) trading, especially when dealing with potential fraud. As part of our commitment to consumer protection, we emphasize the importance of verifying the registration of dealers and their employees with all relevant bodies. This includes scrutinizing … Read more
What is Blockchain? Blockchain, the revolutionary technology behind cryptocurrencies like Bitcoin, has gained significant attention in recent years. It is a decentralized and transparent ledger that records and verifies transactions. But how does it work, and how does it differ from the traditional FIAT banking system? In a traditional banking system, transactions are validated and … Read more