Criminal groups around the world are exploiting opportunities for illicit profit during the Covid-19 pandemic. As criminal behaviors shift, their illicit financial footprints are not left behind.
To help mitigate the financial consumer protection issues during the pandemic, AGA-Africa in collaboration with the Department of Mercantile Law, Faculty of Law, University of Pretoria (UP) held a one-day webinar themed Financial Consumer Protection on 22nd April 2021 in South Africa.
The webinar was designed to bring up critical discussions of the scams in the financial sector and financial consumer protection during Covid-19 pandemic. The discussions included a broader perspective of the illegal and/or unfair commercial practices as well as fraudulent and deceptive activity that negatively affect the financial wellbeing of consumers.
The webinar was graced by Aaron Ford, Attorney General, Nevada and officially opened by AGA-Africa Board Member, Markus Green with Prof. Jacolien Barnard, Associate Professor, Department Mercantile of Law, Law Faculty, University of Pretoria and Mercy Buku, AML/CFT Legal and Risk Management Consultant, Banking and Digital Financial Services Sector from Kenya co-moderating the event.
The regional subject matter experts were Andisa Potwana, Member, National Consumer Tribunal (NCT) and Mercy Buku, AML/CFT Legal and Risk Management Consultant, Banking and Digital Financial Services Sector. Their counterparts from the US were: Aaron Ford, Attorney General, Nevada, Emily Wu Esq, Attorney, Division of Consumer and Business Education, Federal Trade Commission, Los Angeles, CA, Michael Panzera Esq, Attorney, Office of International Affairs, United States Federal Trade Commission (FTC) and Michael Alfonso, Assistant Special Agent in Charge (ASAC), Homeland Security Investigations (HSI), New York Field Office.
The webinar was officially closed by Kim Robinson, AGA-Africa Country Coordinator for South Africa.