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27 FEBRUARY 2017
Keep up to date with developments in fraud and money laundering compliance, regulation and developments. Only £295 for a full year's access and six printed newsletters.

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Welcome to

Fraud Watch

Fraud Watch is the premier title reporting on fraud and money laundering in financial services. Providing a daily news service, it publishes contributed articles from industry experts; it reports extensively on the latest compliance requirements, laws and regulatory changes, and gives very wide coverage of the latest court cases, ongoing investigations and fraud threats. It reports on security issues, including data, PCI requirements, systems security, diagnostics and forensics including the cyber threat.

  Main story  
     
 
Friday, 24 February 2017

Former IMF boss jailed for embezzlement
Corporate credit card fraud at two banks Read more ...

 
     

Latest feature
     
 
Rolls-Royce: Finally some bragging rights for the SFO?

The £671m deferred prosecution agreement with the aero engine maker marks a successful end to the Serious Fraud Office’s  biggest ever investigation, argue Kelly Hagedorn and Jessica Veitch of legal firm Jenner & Block.
Read more ...
 
     
 
Don't miss
     
  IN THE LATEST PRINTED EDITION OF FRAUD WATCH
- Plea to companies: Report ransomware attacks
- Analysis: Regulation rollback under Trump
- EC amends 4th AML Directive
- SLPs: An ongoing headache for MLROs
- Bank attacks show need for proper disaster planning
- Corporate compliance officers key to avoiding fines
- Law firms face major AML challenges
- Singapore needs compliance staff

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 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
article thumbnail News - RegulationThursday, 23 February 2017

EBA backtracks on strong authentication
Exemptions around transaction risk analysis in revised PSD2 draft Read more ...

article thumbnail News - ComplianceWednesday, 22 February 2017

EU financial firms exposed to terror financing risks
Lack of access to intelligence highlighted Read more ...

article thumbnail News - ResearchTuesday, 21 February 2017

80% think mobile wallets are secure
US and Indian consumers have most faith in ability of organisations to safely store their data Read more ...

article thumbnail News - RegulationFriday, 17 February 2017

US banks seek overhaul of 'outdated' AML régime
Call for just one agency to regulate large multinationals Read more ...

article thumbnail News - CybercrimeTuesday, 14 February 2017

NCSC boss aims to make UK 'safest place' to work online
National Cyber Security Centre officially opens Read more ...

News - RegulationMonday, 13 February 2017

Accounts fraud case settled after over a decade
CEO and CFO at insurer admit culpability
Read more ...

article thumbnail News - Money launderingFriday, 10 February 2017

MEPs reject AML blacklist
Revised list of countries branded “entirely insufficient” Read more ...

News - Cards and PaymentsFriday, 10 February 2017

GoCardless hit by burglary
Low-tech crime puts customer data at risk Read more ...

article thumbnail News - CybercrimeThursday, 09 February 2017

Customers trust bank security more than banks
Gulf between consumer perceptions and reality Read more ...

News - Court casesThursday, 09 February 2017

Healthcare services provider to pay US$60m over false charges
Whistleblowing doctor brings scheme to light Read more ...

News - Regulation
EBA backtracks on strong authentication
Maxine Wernick - Thursday, 23 February 2017

News - Compliance
EU financial firms exposed to terror financing risks
Maxine Wernick - Wednesday, 22 February 2017

News - Research
80% think mobile wallets are secure
Maxine Wernick - Tuesday, 21 February 2017

News - Regulation
US banks call for overhaul of 'outdated' AML régime
Maxine Wernick - Friday, 17 February 2017

News - Cybercrime
NCSC boss aims to make UK 'safest place' to work online
Administrator - Tuesday, 14 February 2017

News - Regulation
Accounts fraud case settled after over a decade
Administrator - Monday, 13 February 2017

News - Money laundering
MEPs reject AML blacklist
Administrator - Friday, 10 February 2017

News - Cards and Payments
GoCardless hit by burglary
Administrator - Friday, 10 February 2017

News - Cybercrime
Customers trust bank security more than banks
Administrator - Thursday, 09 February 2017

News - Court cases
Healthcare services provider to pay US$60m over false charges
Administrator - Thursday, 09 February 2017

News - Regulation
CHF6.5m Swiss fine for Coutts
Administrator - Wednesday, 08 February 2017

News - Court cases
Four found guilty in £160m financing fraud
Administrator - Wednesday, 08 February 2017

News - Money laundering
Dutch target bitcoin ‘mixers’
Administrator - Tuesday, 07 February 2017

News - Regulation
Trump starts anti-regulation onslaught
Administrator - Friday, 03 February 2017

News - Technology
AI fraud prevention tool for banks
Administrator - Friday, 03 February 2017

News - Money laundering
India secures first ML law conviction
Administrator - Thursday, 02 February 2017

News - Regulation
Latest fines
Administrator - Wednesday, 01 February 2017

News - Court cases
Former HBOS execs convicted of fraud, ML and corruption
Administrator - Tuesday, 31 January 2017

News - Bribery and corruption
Asia Pacific performs poorly on bribery & corruption
Administrator - Monday, 30 January 2017

News - Research
The CFO challenge: Fighting fraud in the digital age
Administrator - Wednesday, 11 January 2017

News - Regulation
NY imposes new AML requirements on banks
Administrator - Thursday, 12 January 2017

News - Court cases
Ten-year Kuwait sentences for card fraud gang
Administrator - Tuesday, 10 January 2017

News - Regulation
Regulation remains top concern for FS in 2017
Administrator - Friday, 06 January 2017

News - Compliance
Mexican bank signs up for SWIFT compliance service
Administrator - Thursday, 26 January 2017

News - Cybercrime
Asia faces email compromise threat
Administrator - Tuesday, 03 January 2017

News - Cybercrime
“Major bank will fail after cyber-attack” claim
Administrator - Friday, 06 January 2017

News - Regulation
Nigeria bans banks from virtual currency transactions
Administrator - Friday, 27 January 2017

News - Research
Junior employees pose biggest fraud threat
Administrator - Thursday, 19 January 2017

News - Money laundering
Massive AML fine for Western Union
Administrator - Friday, 20 January 2017

News - Regulation
Accounts fraud case settled after over a decade
Administrator - Monday, 13 February 2017

News - Regulation
Trump names new SEC boss
Administrator - Thursday, 05 January 2017

News - Bribery and corruption
Asia Pacific performs poorly on bribery & corruption
Administrator - Monday, 30 January 2017

News - Cards and Payments
GoCardless hit by burglary
Administrator - Friday, 10 February 2017

News - Technology
AI fraud prevention tool for banks
Administrator - Friday, 03 February 2017

News - Court cases
Former HBOS execs convicted of fraud, ML and corruption
Administrator - Tuesday, 31 January 2017

News - Research
Return of the ’super case’ as UK fraud tops £1bn
Administrator - Tuesday, 24 January 2017

News - Regulation
Whistleblower scheme a “game changer” says SEC
Administrator - Wednesday, 04 January 2017

News - Research
Fraud and computer misuse are most common offences
Administrator - Monday, 23 January 2017

News - Money laundering
China starts AML crackdown
Administrator - Monday, 09 January 2017

article thumbnail Features - ComplianceFriday, 16 December 2016

2017 Predictions: The year ahead in fraud, compliance & security
The experts tells us about the major risks, threats and challenges for the next 12 months:
- Ransomware, IoT Risks, AML fines, The rise of the SWIFT-heist middlemen, Vigilante hackers, AML5, Nation state hacks Read more ...

article thumbnail Features - ComplianceThursday, 15 December 2016

Regulation rollback under Trump
The impact of the new presidency on:

- Dodd-Frank Act
- Sarbanes-Oxley
- Basel IV capital rules
- US extra-territoriality
- Alternative lenders
- Bank stress tests
- Compliance staff levels Read more ...

article thumbnail Features - CybercrimeFriday, 02 December 2016

Global cyberattack report
- Where to report attacks: Country-by country details
- The Regional Picture: Asia-Pacific, European Union reporting requirements
- Mixed messages on business response to cyberattacks
- Tech and customer facing functions often at adds Read more ...

article thumbnail Features - Cards and PaymentsFriday, 11 November 2016

What we need to learn from the Tesco Bank hack
Calls for data sharing like the baddies do

One third of Tesco Bank's customers were hacked last weekend. This much we know. What has still to come out, is how the baddies got in and whether or not there was an insider.

Even without this information, it raises questions that should be addressed by every financial services firm. Read more ...

Features - ComplianceThursday, 03 November 2016

What worries compliance officers?
PSD2, Open Banking API, 4AMLD and the Data Protection Act 2017 are all concerns for FPOs and MLROs. There is also the threat of a five year prison sentence for non-reporting, major cybercrime threats, unwieldy legacy systems, the enemy within, and of course Brexit Read more ...

 
     
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