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22 DECEMBER 2014
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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  
     
 
Thursday, 18 December 2014

UK to create specialist anti-corruption unit
Plan also sets out better whistleblower protection Read more ...

 
     

Latest feature
     
 
2015 Predictions: Technology will shape the fight, says ACFE

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 ...
 
     
 
Don't miss
     
   
     

 
 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
article thumbnail News - Cards and PaymentsThursday, 18 December 2014

Comment: Advanced apps load the pack against card fraudsters
Banks need to stop fraudulent transactions as quickly as possible, but at the same time avoid reducing the all-important convenience for customer. The historical patterns of a customer's behaviour provide a solution, according to Giles Nelson of Software AG. Read more ...

article thumbnail News - CybercrimeThursday, 18 December 2014

Cyber-attacks: 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 ...

News - Court casesTuesday, 16 December 2014

US$1.3m fine for gold fraud
Owner is also banned from future precious metals trading by CFTC Read more ...

News - InvestigationsMonday, 15 December 2014

Brazil petrol giant scandal widens
Senior politicians implicated Read more ...

News - Court casesMonday, 15 December 2014

Ex-PwC worker charged over LuxLeaks
Former employee claims he is not only 'whistleblower' in tax avoidance scandal Read more ...

News - Company newsThursday, 11 December 2014

Financial crime compliance initiative goes live
KYC registry for correspondent banks

Read more ...
News - Company newsWednesday, 10 December 2014

Partnership to combat Latin America CNP fraud
Companies link to target region’s growing ecommerce market Read more ...

News - Company newsWednesday, 10 December 2014

Belden buys cybersecurity provider
Transaction will improve Internet of Things capabilities Read more ...

News - Bribery and corruptionTuesday, 09 December 2014

Turkey plummets in corruption rankings
Poor rating despite economic growth Read more ...

News - RegulationTuesday, 09 December 2014

FCA hits choppy waters as three execs resign
Regulator to be re-organised after just 18 months
Head of supervision among those to depart
Read more ...

News - Cards and Payments
Comment: Advanced apps load the pack against card fraudsters
Administrator - Thursday, 18 December 2014

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

Events - General
Anti-Corruption & Export Controls Summit
Administrator - Tuesday, 16 December 2014

Events - General
The Winning Digital Marketing Financial Services Conference
Administrator - Tuesday, 16 December 2014

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

News - Investigations
Brazil petrol giant scandal widens
Administrator - Monday, 15 December 2014

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

News - Company news
Financial crime compliance initiative goes live
Administrator - Thursday, 11 December 2014

Jobs & People - Jobs & People
Ukraine names anti-corruption Ombudsman
Administrator - Thursday, 11 December 2014

Jobs & People - Jobs & People
Former GCHQ man joins Wynyard Group
Administrator - Thursday, 11 December 2014

News - Company news
Partnership to combat Latin America CNP fraud
Administrator - Wednesday, 10 December 2014

News - Company news
Belden buys cybersecurity provider
Administrator - Wednesday, 10 December 2014

News - Bribery and corruption
Turkey plummets in corruption rankings
Administrator - Tuesday, 09 December 2014

News - Regulation
FCA hits choppy waters as three execs resign
Administrator - Tuesday, 09 December 2014

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

News - Money laundering
Guide for casinos to prevent money laundering
Administrator - Friday, 05 December 2014

News - Court cases
Verdict due in first SFO Bribery Act prosecution
Administrator - Thursday, 04 December 2014

News - Compliance
Multi-nationals “ignore” whistleblowing risks
Administrator - Wednesday, 03 December 2014

News - Cybercrime
Koreans suspected of Sony cyberattack
Administrator - Tuesday, 02 December 2014

News - Investigations
118 held in global crackdown on airline fraud
Administrator - Monday, 01 December 2014

News - Court cases
Australian mining magnate investigated for fraud
Administrator - Friday, 28 November 2014

News - Court cases
Former Bertelsmann chief will appeal jail sentence
Administrator - Tuesday, 25 November 2014

News - Investigations
Ex-Portugal PM held in corruption investigation
Administrator - Monday, 24 November 2014

News - Regulation
Switzerland signs up to end banking secrecy
Administrator - Monday, 24 November 2014

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

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

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 - Regulation
Government sets out plans for tighter UK regulation
Administrator - Tuesday, 05 February 2013

News - Risk
Nearly 40% of auditors expect to find fraud at clients in 2012
Administrator - Friday, 27 April 2012

News - Bribery and corruption
Pope’s butler held as Vatican corruption scandal widens
Administrator - Monday, 28 May 2012

News - Employee fraud
Court ruling may reduce scope of US computer fraud law
Administrator - Wednesday, 11 April 2012

News - Bribery and corruption
SFO blasted for "ineffective" foreign settlements
Administrator - Tuesday, 03 April 2012

News - Regulation
Equities payment and settlement rules to be toughened up
Administrator - Monday, 16 April 2012

News - Bribery and corruption
Olympus whistleblower gets Person of the Year award
Administrator - Wednesday, 21 March 2012

News - Company news
US social security rolls out fraud prevention services
Administrator - Friday, 18 May 2012

News - Insider dealing
Gupta trial: Prosecutors seek to have recorded calls played
Administrator - Friday, 11 May 2012

article thumbnail Features - ComplianceThursday, 13 November 2014

Comment: Is the Auditor-Client relationship too cosy?
The Tesco accounting scandal throws up some major questions regarding the power of major firms.

In whose interests are the auditors working, the company they are assessing or those of society? Is it healthy that there are only four major auditors? And should big retailers such as Tesco be allowed to exert such a huge level of power over suppliers? Read more ...

article thumbnail Features - ComplianceFriday, 10 October 2014

US advisory is a red flag to banks over compliance
Two banks sell businesses after FinCen interventions

The US$300m fine imposed on Standard Chartered by FinCen is a significant red flag for every other bank and its compliance professionals. Read more ...

Features - Data securityThursday, 14 August 2014

Fighting fraud in a mobile digital world
Data protection will dominate mobile fraud prevention efforts over the next five years, but so far there is a lack of industry collaboration in addressing this. Mark Somers of 4most Europe outlines the technology approaches that can be used to tackle the problem.
Read more ...

article thumbnail Features - ComplianceMonday, 21 July 2014

Japan case shows FCPA risks for non-US firms
The case of Japanese trading firm Marubeni is a stark reminder that the US Foreign Corrupt Practices Act is not limited to US-listed companies. It is one of the few firms to have fallen foul of the Act twice. Paul Friedman of legal firm Morrison Foerster, assesses the lessons from the case. Read more ...

article thumbnail Features - ComplianceMonday, 19 May 2014

Sanctions threat to compliance
What will be the impact for compliance of the escalating list of blacklisted companies and individuals in global trouble spots such as Russia, Ukraine and Syria? Read more ...

 
     
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