frame_main_header_title
  Home frame_main_breadcrumb_about frame_main_breadcrumb_contact    
 
27 MAY 2015
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 newsletter. Subscribe now

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.

  Main story  
     
 
Tuesday, 26 May 2015

Target data breach settlement collapses
Banks reject proposed deal Read more ...

 
     

Latest feature
     
 
Firms forced to confront cyberattack threat

Bank of England creates CBEST to require banks to perform penetration testing against online threats

The initiative is initially voluntary but may well become mandatory, so what are the implications for financial services companies?

Read more ...
 
     
 
Don't miss
     
   
     

 
 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
News - Cards and PaymentsFriday, 22 May 2015

Three countries reject Europe ‘SecuRe Pay’ standards
EBA demands one-time passwords for internet transactions by August Read more ...

News - InvestigationsThursday, 21 May 2015

Banks fined US$5.6bn for forex rigging
Six major banks have been fined a total of US$5.6bn for fixing foreign exchange market. Read more ...

article thumbnail News - Money launderingWednesday, 20 May 2015

How funding sustains a foreign terror fighter
63% of AML professionals think current laundering controls are sufficient to combat terrorist funding. In the first of a two part article, John Byrne of ACAMS outlines the sources from where terrorists draw their funding. Read more ...

News - InvestigationsMonday, 18 May 2015

Big firms failing to report frauds
Only 12% of cases revealed, claims Met Police chief Read more ...

News - Employee fraudFriday, 15 May 2015

JP Morgan teller jailed for part in multi-bank ID fraud
Crime is a "growing problem" says Attorney General Read more ...

News - ResearchThursday, 14 May 2015

Ethics training ‘vital’ to preventing insider fraud
Tone at the top is critical to reducing risk Read more ...

News - ResearchWednesday, 13 May 2015

97% fail to identify phishing emails
Global security quiz shows challenges in preventing info theft Read more ...

News - InvestigationsTuesday, 12 May 2015

Cisco fraud ring busted
Three arrested suspected of shifted US$10m of networking equipment Read more ...

News - InvestigationsTuesday, 12 May 2015

Football club boss fights extradition
Legal battle over bank asset stripping goes to High Court Read more ...

News - Cards and PaymentsMonday, 11 May 2015

Credit card fraud on the rise in Germany
Travel and tourism sector particularly affected Read more ...

News - Cards and Payments
Three countries reject Europe ‘SecuRe Pay’ standards
Maxine Wernick - Friday, 22 May 2015

News - Investigations
Banks fined US$5.6bn for forex rigging
Maxine Wernick - Thursday, 21 May 2015

Events - General
CyberSecurityJobsite.com
Maxine Wernick - Wednesday, 20 May 2015

News - Money laundering
How funding sustains a foreign terror fighter
Maxine Wernick - Wednesday, 20 May 2015

News - Investigations
Big firms failing to report frauds
Maxine Wernick - Monday, 18 May 2015

News - Employee fraud
JP Morgan teller jailed for part in multi-bank ID fraud
Maxine Wernick - Friday, 15 May 2015

News - Research
Ethics training ‘vital’ to preventing insider fraud
Maxine Wernick - Thursday, 14 May 2015

News - Research
97% fail to identify phishing emails
Maxine Wernick - Wednesday, 13 May 2015

News - Investigations
Cisco fraud ring busted
Maxine Wernick - Tuesday, 12 May 2015

News - Investigations
Football club boss fights extradition
Maxine Wernick - Tuesday, 12 May 2015

News - Cards and Payments
Credit card fraud on the rise in Germany
Maxine Wernick - Monday, 11 May 2015

Jobs & People - Jobs & People
VocalLink appoints chief regulatory officer
Maxine Wernick - Monday, 11 May 2015

News - Bribery and corruption
Alderman forced to leave OECD advisory group
Maxine Wernick - Thursday, 07 May 2015

News - Investigations
MtGox bitcoin theft ‘started in 2011’
Maxine Wernick - Wednesday, 06 May 2015

Events - General
AML & Financial Crime
Maxine Wernick - Tuesday, 05 May 2015

News - Investigations
Italian police make diversion fraud arrests
Maxine Wernick - Tuesday, 05 May 2015

News - Cards and Payments
Paytm bosses accused of enabling wallet fraud
Maxine Wernick - Tuesday, 05 May 2015

News - Company news
iSignthis enters into agreement with SolidTrustPay
Maxine Wernick - Monday, 04 May 2015

News - Cybercrime
EC puts cybercrime fight among top 3 priorities
Maxine Wernick - Friday, 01 May 2015

News - Cybercrime
Cybercriminals change tactics due to Bitcoin decline
Maxine Wernick - Friday, 01 May 2015

Events - General
Next Level Customer Experiences & Insights Financial Services Conference
Maxine Wernick - Wednesday, 29 April 2015

News - Employee fraud
Company fears over insider threat security gaps
Maxine Wernick - Wednesday, 29 April 2015

News - Compliance
SWIFT KYC Registry now used in 109 countries
Maxine Wernick - Tuesday, 28 April 2015

News - Cards and Payments
Skimming gang use ‘ghost’ payment terminals
Maxine Wernick - Monday, 27 April 2015

News - Bribery and corruption
Fraud Watch comment: India corruption protest shows power of social media
Administrator - Thursday, 25 August 2011

News - Court cases
Links page
Administrator - Saturday, 16 January 2010

News - Bribery and corruption
Fraud Watch Comment: What about Wimbledon?
Administrator - Monday, 31 January 2011

News - Money laundering
Fraud Watch comment: Fine for MLRO highlights personal responsibilities
Administrator - Monday, 07 June 2010

News - Bribery and corruption
Comment: The new FCPA Guidelines analysed by BakerHostetler
Administrator - Friday, 16 November 2012

News - Cards and Payments
Comment: Counterfeit fraud - the dangers of over-confidence
Administrator - Friday, 15 April 2011

News - Court cases
Comment: Latest warnings on data hacks fail to get through
Administrator - Wednesday, 18 January 2012

News - Risk
New boss for global securities rules body
Administrator - Tuesday, 06 March 2012

News - Court cases
ICSA Labs hires malware expert
Administrator - Friday, 11 November 2011

News - Research
Pope butler arrest the year’s top fraud story?
Administrator - Thursday, 20 December 2012

News - Risk
Book Review - Managing Fraud Risk - a practical guide for directors and managers
Administrator - Thursday, 06 February 2014

News - Court cases
Hedge fund manager convicted of £536m fraud
Maxine Wernick - Friday, 23 January 2015

News - Cards and Payments
Target latest - Login credentials stolen
Administrator - Friday, 14 February 2014

News - Cybercrime
Cyber-attacks: Who takes the blame?
Administrator - Thursday, 18 December 2014

News - Bribery and corruption
UK to create specialist anti-corruption unit
Administrator - Thursday, 18 December 2014

News - Risk
Integrated risk management the 'key theme' for risktech
Administrator - Thursday, 08 January 2015

News - Court cases
Ex-PwC worker charged over LuxLeaks
Administrator - Monday, 15 December 2014

News - Cards and Payments
Money transfer provider hit by US$30.8m fraud
Maxine Wernick - Wednesday, 07 January 2015

News - Regulation
FCA fines soar by over 300%
Administrator - Monday, 08 December 2014

News - Court cases
US$1.3m fine for gold fraud
Administrator - Tuesday, 16 December 2014

Features - Financial fraudWednesday, 15 April 2015

Tracing the proceeds of fraud and punishing offenders
Unlike many jurisdictions, the English legal system offers effective means to track down, freeze and reclaim stolen assets. Jeremy Andrews (pictured), Sarah Ellington and Gregory Pantlin of legal firm DLA Piper outline the options open to victims. Read more ...

article thumbnail Features - Data securityThursday, 19 February 2015

Attackers target low-cost POS systems
Retailers are tightening security strategies after a spate of major POS system breaches last year. Stephen Coty of Alert Logic looks at the industries hardest hit by data breaches and assesses the threats from new and emerging malware. Read more ...

article thumbnail Features - CybercrimeMonday, 02 February 2015

Cybercrime report: Who takes the blame?
When a company suffers a cyber-attack, who is held ultimately responsible – the company itself, the directors or the CISO? Where can companies turn for assistance? A special report in which fraud and security experts suggest methods of approach to a rapidly escalating problem. Read more ...

article thumbnail Features - ResearchThursday, 29 January 2015

2015 Predictions: Dramatic rise in cyber risk
Over the next few days we will be publishing ongoing Predictions from industry experts on the likely major developments in 2015. Keep checking back on this section to see what the New Year holds! Read more ...

Features - ComplianceTuesday, 13 January 2015

P2PE not the only PCI compliance option
The ongoing confusion over PCI requirements has been increased by the arrival of point-to-point encryption (P2PE). Kevin Burns, head of solution architecture at Vodat International, suggests there is another option. Read more ...

 
     
Do you have a fraud early warning system? SUBSCRIBE to keep informed of the latest card, financial fraud and money laundering issues.
Find out more...
Fraud links