Financial Investigation Bureau

FIB uncovers pre-IPO scam

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The ICC Financial Investigation Bureau (FIB) is warning investors based in the Middle East to be wary if offered the opportunity to invest in any pre-IPO (Initial Public Offering) companies. The FIB is also recommending that caution be exercised in responding to any large-scale regional glossy magazine or newspaper advertisements making similar offers.

FIB warns against suspect gold transactions

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The ICC Financial Investigation Bureau (FIB) has recently been referred a number of suspicious transactions relating to gold that has purportedly originated in Africa.

Suspect sugar transactions

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The ICC Financial Investigation Bureau (FIB) has recently identified a spate of suspect financial instruments relating to shipments of sugar.

FIB issues warning on fake bank guarantees

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The ICC Financial Investigation Bureau (FIB) is urging banks to be vigilant in the wake of a spate of fraudulent bank guarantees identified in recent months.

FIB calls for more due diligence

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In the wake of the financial fraud involving Bernard Madoff, the investment broker in New York accused of defrauding investors of $50 billion, the ICC Financial Investigation Bureau (FIB) is calling for institutions to exercise a more robust due diligence programme.

FIB thwarts suspected oil fraud

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The ICC Financial Investigation Bureau (FIB) has uncovered a suspicious oil transaction worth approximately USD 30 million.

ICC-CCS refutes bogus blacklists

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In recent weeks a number of false ‘blacklists’ have been circulated via the internet, purportedly originating from ICC Commercial Crime Services (CCS) and ICC Financial Investigation Bureau (FIB).

FIB warns of bogus proof of funds letter

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The ICC's financial watchdog the Financial Investigation Bureau (FIB) is alerting banks and the investment community about the recent widespread circulation of a false Proof of Funds letter.