Financial Crime World

Cybercrime on the Rise in Dakar: A Growing Concern

Dakar, Senegal - Cybercrime has become a major concern in Dakar, with criminal activities increasing in recent years. According to experts, most of these operations target goods and services, often involving foreign nationals.

Real-Life Scenarios

  • In 2008, a Belgian national was taken hostage in Nord Foire, a residential area of Dakar, after being lured by criminals who promised him a romantic encounter. The hostage was held captive for ransom, with his family receiving demands of €1.5 million.
  • Similarly, in 2013, Swiss, Finnish, and German investors were lured to Dakar under false pretenses, only to be scammed out of their life savings.

A Growing Transnational Problem

Cybercrime is not limited to one country or region; it requires international cooperation. In Dakar, criminals often involve themselves with criminal networks from different countries, making it difficult for authorities to track and prosecute them.

  • According to an IDRC report on cybercrime in West Africa, Senegal has an average of 82% computer software piracy, compared to the international average of 35%. This represents a significant loss of income worldwide, estimated at around $40 billion.

Penalizing Online Scams

In Senegal, judicial authorities have penalized online scams under general law, as most cybercriminals receive funds through unlawful methods. Law No. 2008-09 on copyright and related rights was adopted in Senegal to combat software piracy and counterfeiting crimes.

Money Laundering on the Rise

Money laundering has also become a significant problem in Dakar, with technological progress allowing criminals to easily move illicit funds around the world. Two bodies publish regular reports on money laundering in Senegal:

  • The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA)
  • CENTIF

According to CENTIF’s reports, money laundering cases have increased significantly over the past few years, with violations relating to embezzlement of public funds, drug trafficking, and other forms of crime or fraud.

A Call for International Cooperation

The rise of cybercrime and money laundering in Dakar highlights the need for international cooperation. It is essential that governments, law enforcement agencies, and financial institutions work together to combat these criminal activities and protect their citizens’ interests.

Conclusion

In conclusion, cybercrime and money laundering are growing concerns in Dakar, requiring immediate attention and action from authorities and international organizations.