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5 MAY 2016
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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  
     
 
Thursday, 05 May 2016

Russian ML ring dismantled
Criminals targeted struggling football clubs Read more ...

 
     

Latest feature
     
 
SFO on the brink?

The future of the UK's anti-fraud agency is at the centre of a power struggle. Its future may depend on achieving successful outcomes in soon to start Libor trials, argues Bambos Tsiattalou of Stokoe Partnership Solicitors.
Read more ...
 
     
 
Don't miss
     
 
 
     

 
 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
News - Money launderingWednesday, 04 May 2016

Ex-banker hands over her home
Woman accused of landering proceeds from bribes Read more ...

News - RegulationWednesday, 04 May 2016

China clamps down on risky lending practices
Regulations to be tightened after rise in bad debts
Read more ...

News - InvestigationsTuesday, 03 May 2016

Barclays at centre of French ML scandal
Letter from CRO implicates bank Read more ...

News - Data securityFriday, 29 April 2016

Turkish data law will enable "surveillance state"
- Heavy criticism for country first ever data protection legislation
- Law comes after huge data leak by Anonymous hacktivists Read more ...

News - TechnologyFriday, 29 April 2016

FICO partners on AI cyber analytics
Companies link on platform to prevent cyberattacks and data loss
Read more ...

News - ResearchFriday, 29 April 2016

Pressure mounts on big banks as profits fall
Mounting regulatory requirements impact major players Read more ...

News - ResearchFriday, 29 April 2016

LPWA to account for 55% of IoT connections
Low Power Wide Area connections set to grow rapidly and become standard Read more ...

article thumbnail News - CybercrimeThursday, 28 April 2016

Cybercriminals relying on human nature for success
- No need for change in attack types as phishing threat increases dramatically
- Mobile and IoT "not a significant factor" Read more ...

News - CybercrimeThursday, 28 April 2016

Customised malware behind Bangladesh cyberattack
Researchers reveal technical details of US$81m bank heist Read more ...

News - RegulationWednesday, 27 April 2016

FCA starts anti-competition investigations
Firms face fines of up to 10% of turnover under new powers Read more ...

News - Money laundering
Ex-banker hands over her home
Maxine Wernick - Wednesday, 04 May 2016

News - Regulation
China clamps down on risky lending practices
Maxine Wernick - Wednesday, 04 May 2016

News - Investigations
Barclays at centre of French ML scandal
Maxine Wernick - Tuesday, 03 May 2016

News - Data security
Turkish data law will enable "surveillance state"
Maxine Wernick - Friday, 29 April 2016

News - Technology
FICO partners on AI cyber analytics
Maxine Wernick - Friday, 29 April 2016

News - Research
Pressure mounts on big banks as profits fall
Maxine Wernick - Friday, 29 April 2016

News - Research
LPWA to account for 55% of IoT connections
Maxine Wernick - Friday, 29 April 2016

News - Cybercrime
Cybercriminals relying on human nature for success
Maxine Wernick - Thursday, 28 April 2016

Jobs & People - Jobs & People
FBI appoints Johnson to criminal and cyber response branch
Maxine Wernick - Thursday, 28 April 2016

News - Cybercrime
Customised malware behind Bangladesh cyberattack
Maxine Wernick - Thursday, 28 April 2016

Events - General
ACAMS’ 12th AML & Financial Crime Conference Europe
Maxine Wernick - Wednesday, 27 April 2016

News - Regulation
FCA starts anti-competition investigations
Maxine Wernick - Wednesday, 27 April 2016

News - Technology
Trulioo wins cybersecurity innovation award
Maxine Wernick - Tuesday, 26 April 2016

News - Cards and Payments
3D Secure shunned in m-payments
Maxine Wernick - Monday, 25 April 2016

News - Company news
Funding: Forter raises US$32m
Maxine Wernick - Monday, 25 April 2016

News - Company news
Swiss anti-fraud provider launches in Africa
Maxine Wernick - Monday, 25 April 2016

News - Cards and Payments
ATM black box attacks increase
Maxine Wernick - Monday, 25 April 2016

News - Regulation
Companies agree to settle SEC fraud cases
Maxine Wernick - Monday, 25 April 2016

News - Cards and Payments
Lack of cohesion damaging US EMV migration
Maxine Wernick - Monday, 25 April 2016

News - Cards and Payments
Italian ATM skimming network dismantled
Maxine Wernick - Thursday, 21 April 2016

News - Cards and Payments
Merchants remain naive on issue of mobile fraud
Maxine Wernick - Wednesday, 20 April 2016

News - Company news
Stroz Friedberg buys security business
Maxine Wernick - Thursday, 14 April 2016

News - Cybercrime
Cybercriminals increasingly go professional
Maxine Wernick - Wednesday, 13 April 2016

News - Research
Anti-fraud controls pay off
Maxine Wernick - Thursday, 07 April 2016

Events - General
Loyalty Magazine Awards Finalists 2016
Maxine Wernick - Wednesday, 06 April 2016

News - Regulation
FCA contacts firms after Panama revelations
Maxine Wernick - Wednesday, 06 April 2016

News - Research
Anti-fraud controls pay off
Maxine Wernick - Thursday, 07 April 2016

News - Investigations
SEC charges alleged head of US$10m Ponzi scheme
Maxine Wernick - Friday, 18 March 2016

News - Cybercrime
Spelling mistake helps stop US$1bn cyberheist
Maxine Wernick - Friday, 11 March 2016

News - Bribery and corruption
Boards engaging more on corruption
Maxine Wernick - Wednesday, 23 March 2016

News - Cards and Payments
Card fraud outpaces rise in expenditure
Maxine Wernick - Tuesday, 22 March 2016

News - Regulation
EU VAT fraud prevention system is "ineffective"
Maxine Wernick - Wednesday, 09 March 2016

News - Risk
Current risk tools 'could not prevent' another financial meltdown
Maxine Wernick - Tuesday, 08 March 2016

News - Company news
Equiniti buys risk and KYC companies
Maxine Wernick - Thursday, 10 March 2016

News - Money laundering
China to tackle escalating laundering problem
Maxine Wernick - Tuesday, 29 March 2016

News - Cybercrime
Cybercriminals increasingly go professional
Maxine Wernick - Wednesday, 13 April 2016

News - Technology
Tackling cyberattacks through AI analysis
Maxine Wernick - Tuesday, 08 March 2016

News - Company news
Stroz Friedberg buys security business
Maxine Wernick - Thursday, 14 April 2016

News - Regulation
Senior managers to be held responsible for failures
Maxine Wernick - Monday, 07 March 2016

News - Regulation
FCA contacts firms after Panama revelations
Maxine Wernick - Wednesday, 06 April 2016

News - Money laundering
Iraqi ML ring broken up in Germany
Maxine Wernick - Friday, 01 April 2016

News - Investigations
Overseas requests to SFO up 62%
Maxine Wernick - Monday, 07 March 2016

News - Court cases
Merchants sue over EMV migration losses
Maxine Wernick - Thursday, 17 March 2016

News - Company news
Jumio files for bankruptcy protection
Maxine Wernick - Wednesday, 30 March 2016

News - Money laundering
Massive Panama leak highlights risky territories
Maxine Wernick - Monday, 04 April 2016

News - Cards and Payments
Italian ATM skimming network dismantled
Maxine Wernick - Thursday, 21 April 2016

article thumbnail Features - ComplianceThursday, 04 February 2016

Don't be complacent about power of FCPA
- Background to the Foreign Corrupt Practices Act
- Explanation of the importance of the Yates Memo
- List of countries amending their rules
- International impact Read more ...

article thumbnail Features - Financial fraudMonday, 18 January 2016

Corporate corruption: Smith & Ouzman ordered to pay £2.2m
- How the SFO secured its first corporate conviction by a jury in an international bribery case
- Two directors also sentenced over Kenya and Mauritius contracts Read more ...

article thumbnail Features - ResearchThursday, 17 December 2015

2016 Predictions: Business response to cyberattacks to undergo shift
Next year, there is likely to be a shift in the ways businesses respond to cyber attacks as they accept data breaches are a part of life, says Javvad Malik, security advocate at security management company AlienVault. Read more ...

article thumbnail Features - ComplianceTuesday, 13 October 2015

Tackling the global compliance workload
With ever increasing business globalisation and more complex supply chains, the due diligence challenge has never been greater. Compliance officers must think across national boundaries to retrieve the relevant information, argues Arachnys CEO David Buxton.  Read more ...

article thumbnail Features - ComplianceTuesday, 06 October 2015

Individuals still in firing line despite corporate offence decision
The UK government has quietly announced that it will not introduce a corporate offence of failure to prevent economic crime. The decision may seem a blow for the SFO, but individuals are still firmly in the sights of authorities, in the UK and globally. Read more ...

 
     
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