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2 JULY 2015
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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.

  Main story  
     
 
Wednesday, 01 July 2015

Operation Blue Amber takes on organised crime
500 suspects arrested across Europe Read more ...

 
     

Latest feature
     
 
Terror funding: What are the warning signs to look out for?

In the second of our two part article on AML controls and terrorist funding flows, John Byrne of ACAMS outlines the warning signs to look out for, and gives his Top 10 tips for controlling the problem.
Read more ...
 
     
 
Don't miss
     
   
     

 
 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
News - ResearchWednesday, 01 July 2015

Fraud costs UK SMBs £18bn year
Study finds UK consumers prioritise security, but companies must do more to protect themselves and safeguard revenue Read more ...

News - Cards and PaymentsTuesday, 30 June 2015

Fraud is main challenge facing banks for fourth year in a row
Fraud has been named as the biggest challenge facing the payments and card industry for the fourth consecutive year, demonstrating it as an ongoing concern for the industry globally. Read more ...

article thumbnail News - InvestigationsTuesday, 30 June 2015

130 held in global airline fraud crackdown
Operation covers 140 airports Read more ...

article thumbnail News - ResearchMonday, 29 June 2015

Merchants ‘lack tools’ to tackle omnichannel fraud
New trends leave fraud management struggling to catch up Read more ...

News - InvestigationsMonday, 22 June 2015

Italy accuses 300 in Bank of China case
Milan branch at centre of ML allegations Read more ...

News - Company newsFriday, 19 June 2015

Bitcoin monitoring for compliance officers
Offering traces historic trail of transactions Read more ...

News - InvestigationsThursday, 18 June 2015

Swiss investigate 53 ML cases involving FIFA
Transactions relate to awarding of Word Cup tournaments Read more ...

News - ComplianceThursday, 18 June 2015

Banks resort to box ticking to meet regulatory burden
Constant state of change is ‘the New Normal’ Read more ...

article thumbnail News - ResearchWednesday, 17 June 2015

Indonesia top for eCommerce fraud
Global research finds most ‘dangerous’ countries for online shopping Read more ...

News - RegulationTuesday, 16 June 2015

FTC settles first crowdfunding fraud case
Action may herald closer regulatory scrutiny of funding sites Read more ...

News - Research
Fraud costs UK SMBs £18bn year
Maxine Wernick - Wednesday, 01 July 2015

Jobs & People - Jobs & People
PwC appoints global financial crime leader
Maxine Wernick - Wednesday, 01 July 2015

News - Cards and Payments
Fraud is main challenge facing banks for fourth year in a row
Maxine Wernick - Tuesday, 30 June 2015

News - Investigations
130 held in global airline fraud crackdown
Maxine Wernick - Tuesday, 30 June 2015

News - Research
Merchants ‘lack tools’ to tackle omnichannel fraud
Maxine Wernick - Monday, 29 June 2015

Events - General
9th Annual London Fraud Forum Conference
Maxine Wernick - Thursday, 25 June 2015

News - Investigations
Italy accuses 300 in Bank of China case
Maxine Wernick - Monday, 22 June 2015

News - Company news
Bitcoin monitoring for compliance officers
Maxine Wernick - Friday, 19 June 2015

News - Investigations
Swiss investigate 53 ML cases involving FIFA
Maxine Wernick - Thursday, 18 June 2015

News - Compliance
Banks resort to box ticking to meet regulatory burden
Maxine Wernick - Thursday, 18 June 2015

News - Research
Indonesia top for eCommerce fraud
Maxine Wernick - Wednesday, 17 June 2015

News - Regulation
FTC settles first crowdfunding fraud case
Maxine Wernick - Tuesday, 16 June 2015

Events - General
Middle East Retail Banking Forum 2016
Maxine Wernick - Friday, 12 June 2015

News - Regulation
Carney calls for better balance between individual and firm accountability
Maxine Wernick - Thursday, 11 June 2015

News - Research
Cost of cybersecurity breaches doubles
Maxine Wernick - Wednesday, 03 June 2015

News - Public sector fraud
Olaf receives record number of tip-offs
Maxine Wernick - Wednesday, 03 June 2015

News - Bribery and corruption
China targets corrupt “tigers”
Maxine Wernick - Tuesday, 02 June 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 - Company news
iSignthis enters into agreement with SolidTrustPay
Maxine Wernick - Monday, 04 May 2015

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

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 - Research
UK retail fraud migrates online
Maxine Wernick - Wednesday, 21 January 2015

News - Cybercrime
Untrained employees the ‘weakest link’ for banks
Maxine Wernick - Monday, 19 January 2015

News - Cards and Payments
Mobile fraud losses jump 70% in 2014
Maxine Wernick - Friday, 30 January 2015

News - Research
Fraudsters move from wealthy to vulnerable
Maxine Wernick - Wednesday, 14 January 2015

News - Research
New fraud threat from 'less moral, more individualised’ workers
Maxine Wernick - Tuesday, 10 February 2015

article thumbnail Features - ResearchWednesday, 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 ...

article thumbnail Features - CybercrimeFriday, 08 May 2015

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 ...

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 ...

 
     
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