The role of Financial Intelligence in preventing fraudulent activities in the case of Banc ABC.

Author

Jera, Kudzaishe B.

Title

The role of Financial Intelligence in preventing fraudulent activities in the case of Banc ABC.

Abstract

Financial fraud is still a big problem for the stability and trustworthiness of banks and other financial institutions around the world, especially in Zimbabwe. This dissertation looks at how financial intelligence can help stop fraud by utilizing BancABC as an example. The study looks at how financial intelligence units (FIUs), internal control systems, data analytics, and following the rules help find, stop, and lessen financial fraud. We used a qualitative research method that included semi-structured interviews with important people at BancABC and a review of financial reports and regulatory standards. The results show that the bank's ability to fight fraud is much improved by using financial intelligence effectively, especially by monitoring transactions in real time, reporting suspicious activity, and working with national and regional regulatory organizations. However, the study also points out problems that make it hard to fully deploy financial intelligence frameworks, such as inadequate technology capability, limitations in personnel training, and inconsistent regulations. The dissertation suggests that putting money into better financial intelligence systems, making institutions stronger, and making sure that policies are in line with each other can help fight fraud. In the end, the study shows how important financial intelligence is for keeping financial institutions honest and rebuilding trust in Zimbabwe's banking system.

Date

June 2025

Publisher

BUSE

Keywords

Financial Intelligence

Fraudulent Activities

Banc ABC

Supervisor

Ms. Chinyoka