South Korea jails 90-year-old woman for laundering son's drug money
The woman has been sentenced to a year in jail for laundering money for her son who is imprisoned in Cambodia.
Tag: money
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How to help kids form healthy relationships with money: psychologist
As parents contend with rising costs and an overall tighter economic climate, more of them are using those challenges as an opportunity to have frank talks with their kids about money, according to a recent survey. Honest conversations — including telling your kids “no” when they ask you to buy something, and explaining why —…
Africa powers mobile money to $2-trillion milestone
Global mobile money transactions surpassed US$2-trillion in 2025, doubling in just four years, according to the GSMA’s latest State of the Industry Report on Mobile Money. The mobile telecommunications industry body said it took 20 years for mobile money to reach its first trillion dollars in annual transaction value, but only four years to double…
Mobile money industry surpasses $2tn threshold
Mobile money accounted for $2 trillion in transactions in 2025. (Image source: 123RF) In 2025, more than $2 trillion flowed through mobile money wallets, a figure that has doubled from the first trillion in just four years. The heightened transaction flows are spurred by the continued growth of active accounts, which now sit at 2.3…
Why most Cisco partners leave money on the table at renewal time
Most partners only start paying attention to a Cisco Enterprise Agreement when it is close to expiring. That is usually where the pressure begins. The scramble to understand what has been consumed, the questions around support status, the late discovery of end-of-life products, the pricing conversations that should have happened months earlier. By the time…
West Africa: Money Laundering Remains Significant Threat to Economic Stability in West Africa – Fagbemi
Attorney-General of the Federation (AGF) and Minister of Justice, Prince Lateef Fagbemi, SAN, has warned that money laundering, including terrorist financing, are significant threats to the stability of Nigeria’s economy and the West African sub-region. Fagbemi sounded the warning on Tuesday in Abuja at the national Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) Media…
Africa: The Black Box Problem – How Africa’s Music Money Is Lost in Global Systems
For African music, 2024 was a landmark year. The International Federation of the Phonographic Industry (IFPI) confirmed that Sub-Saharan Africa’s recorded music revenue surpassed $100 million for the first time, reaching $110 million with a growth rate of 22.6 percent, making it the fastest-growing region in the world. Driven by the global boom of Afrobeats…
Crackdown on students gambling away Nsfas money online
In a bid to stop students from spending their loans on online gambling, the National Gambling Board and the National Student Financial Aid Scheme (Nsfas) are working on targeted interventions to tackle the scourge. This follows the release of a study by the South African Responsible Gambling Foundation last year that found that nearly 45%…
Six Ways Couples Can Manage Their Money
Valentine’s month is full of heart-to-hearts about commitment and sharing a life together. What rarely makes the highlight reel between the chocolates and candlelight, however, is that building a life together involves – and needs – money. How couples organise their finances is one of the most important decisions they’ll ever make, yet many people don’t…
‘Please Call Me’ creator labels Black Rock’s quest for money ‘fraud’
‘Please Call Me’ inventor Nkosana Makate. ‘Please Call Me’ creator Nkosana Makate says Black Rock Mining’s claim that he owes it money is fraudulent, and there is no basis for arbitration to secure 40% of his settlement with Vodacom, South Africa’s second-largest mobile operator. In December, British Virgin Islands-registered Black Rock Mining lost its battle…