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9 FEBRUARY 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  
     
 
Monday, 08 February 2016

Deadline day for Senior Managers Regime
Up to date list of personnel must be with regulators by today Read more ...

 
     

Latest feature
     
 
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 ...
 
     
 
Don't miss
     
 
 
     

 
 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
News - Cards and PaymentsFriday, 05 February 2016

Rise in skimming at instore ATMs
Window of opportunity in US because of liability shift differences Read more ...

article thumbnail News - InvestigationsFriday, 05 February 2016

SFO gains access to Barclays internal rescue documents
Bank agrees to pass documents to the SFO Read more ...

News - InvestigationsFriday, 05 February 2016

City watchdogs accused of ignoring whistleblower
£50m scam could have been prevented Read more ...

News - CybercrimeFriday, 05 February 2016

Cybercrime rise leads to increase in IT salaries
Every cloud has a silver lining. An increase in cybercrime has led to a rise in salaries for IT security professionals. Read more ...

News - Bribery and corruptionThursday, 04 February 2016

Lawyers warn of rise in FCPA enforcement actions
Raft of cases being investigated under US bribery law Read more ...

News - RegulationThursday, 04 February 2016

FCA criticised as toothless on day US regulators fine "dark pool" banks
Cases highlight Atlantic differences in approach Read more ...

article thumbnail News - RegulationWednesday, 03 February 2016

US and Europe agree to talk about data
Safe Harbour data sharing becomes Privacy Shield Read more ...

article thumbnail News - Cards and PaymentsWednesday, 03 February 2016

Faster transactions creating new fraud risks
Criminals able to 'cash out' quicker
Banks face dilemma of customer experience vs. security checks  Read more ...

article thumbnail News - CybercrimeTuesday, 02 February 2016

Most cyberattacks not big earners
Wages of cybersecurity professionals are four times higher Read more ...

article thumbnail News - InvestigationsMonday, 01 February 2016

Media criticism of SFO is unfair
The acquittals of five brokers on charges of LIBOR manipulation have led to further media calls for the Serious Fraud Office to be disbanded - but perhaps it is time to cut the embattled agency some slack. Read more ...

News - Cards and Payments
Rise in skimming at instore ATMs
Maxine Wernick - Friday, 05 February 2016

News - Investigations
SFO gains access to Barclays internal rescue documents
Maxine Wernick - Friday, 05 February 2016

News - Investigations
City watchdogs accused of ignoring whistleblower
Maxine Wernick - Friday, 05 February 2016

News - Cybercrime
Cybercrime rise leads to increase in IT salaries
Maxine Wernick - Friday, 05 February 2016

Jobs & People - Jobs & People
Risk and regulation expert joins D2 Legal Technology
Maxine Wernick - Friday, 05 February 2016

News - Bribery and corruption
Lawyers warn of rise in FCPA enforcement actions
Maxine Wernick - Thursday, 04 February 2016

News - Regulation
FCA criticised as toothless on day US regulators fine "dark pool" banks
Maxine Wernick - Thursday, 04 February 2016

News - Regulation
US and Europe agree to talk about data
Maxine Wernick - Wednesday, 03 February 2016

News - Cards and Payments
Faster transactions creating new fraud risks
Maxine Wernick - Wednesday, 03 February 2016

News - Cybercrime
Most cyberattacks not big earners
Maxine Wernick - Tuesday, 02 February 2016

News - Investigations
Media criticism of SFO is unfair
Maxine Wernick - Monday, 01 February 2016

News - Regulation
Virtual currency: EC opts to monitor not regulate
Maxine Wernick - Friday, 29 January 2016

News - Research
Companies suffer four payment data breaches every two years
Maxine Wernick - Thursday, 28 January 2016

News - Court cases
Five brokers acquitted of LIBOR charges
Maxine Wernick - Thursday, 28 January 2016

News - Bribery and corruption
Global corruption efforts improving, says TI
Maxine Wernick - Wednesday, 27 January 2016

Jobs & People - Jobs & People
OFX appoints head of UK and Europe operation
Maxine Wernick - Wednesday, 27 January 2016

News - Investigations
Tesco "knowingly" delayed money to suppliers
Maxine Wernick - Tuesday, 26 January 2016

News - Regulation
New permanent boss for FCA
Maxine Wernick - Tuesday, 26 January 2016

News - Investigations
MPs to hold no confidence debate on FCA after select committee questioning
Administrator - Friday, 22 January 2016

News - Regulation
China tightens controls on booming internet business
Maxine Wernick - Wednesday, 20 January 2016

Events - General
The Financial Services Forum 2016
Maxine Wernick - Tuesday, 19 January 2016

News - Cybercrime
Lawsuit opens new area of potential liability for cyberattacks
Maxine Wernick - Tuesday, 19 January 2016

News - Court cases
Why are hotel security systems failing?
Maxine Wernick - Monday, 18 January 2016

News - Court cases
Trader charged with fraud by tweets
Maxine Wernick - Friday, 15 January 2016

News - Research
Charities ignoring fraud issues
Maxine Wernick - Friday, 15 January 2016

News - Investigations
Former JJB Sports head to pay confiscation
Maxine Wernick - Friday, 15 January 2016

News - Insider dealing
China and HK traders settle insider case
Maxine Wernick - Thursday, 14 January 2016

News - Regulation
Banks given more time to meet PRA 'bail-in' requirements
Maxine Wernick - Thursday, 14 January 2016

News - Regulation
SEC bars hedge fund manager for failing to supervise
Maxine Wernick - Wednesday, 13 January 2016

News - Investigations
Indonesia deports internet fraud ring
Maxine Wernick - Tuesday, 12 January 2016

News - Regulation
UK fraud chief calls for tougher powers
Maxine Wernick - Tuesday, 12 January 2016

News - Court cases
Spain's Princess Cristina begins fraud trial
Maxine Wernick - Tuesday, 12 January 2016

News - Money laundering
Cantor Fiztgerald fined US$6m
Maxine Wernick - Tuesday, 12 January 2016

Jobs & People - Jobs & People
SEC promotes internally for OCIE director
Maxine Wernick - Tuesday, 12 January 2016

News - Regulation
'Rudderless' FCA seeks full-time boss
Maxine Wernick - Tuesday, 12 January 2016

News - Investigations
Son of Laurent Fabius arrested
Maxine Wernick - Tuesday, 12 January 2016

News - Court cases
US$23m health fraud settlement
Maxine Wernick - Tuesday, 12 January 2016

News - Regulation
China tightens controls on booming internet business
Maxine Wernick - Wednesday, 20 January 2016

News - Cybercrime
Lawsuit opens new area of potential liability for cyberattacks
Maxine Wernick - Tuesday, 19 January 2016

News - Court cases
Trader charged with fraud by tweets
Maxine Wernick - Friday, 15 January 2016

News - Research
Companies suffer four payment data breaches every two years
Maxine Wernick - Thursday, 28 January 2016

News - Insider dealing
China and HK traders settle insider case
Maxine Wernick - Thursday, 14 January 2016

News - Research
Charities ignoring fraud issues
Maxine Wernick - Friday, 15 January 2016

News - Investigations
Former JJB Sports head to pay confiscation
Maxine Wernick - Friday, 15 January 2016

News - Court cases
Five brokers acquitted of LIBOR charges
Maxine Wernick - Thursday, 28 January 2016

News - Investigations
MPs to hold no confidence debate on FCA after select committee questioning
Administrator - Friday, 22 January 2016

News - Bribery and corruption
Global corruption efforts improving, says TI
Maxine Wernick - Wednesday, 27 January 2016

News - Regulation
'Rudderless' FCA seeks full-time boss
Maxine Wernick - Tuesday, 12 January 2016

News - Regulation
SEC bars hedge fund manager for failing to supervise
Maxine Wernick - Wednesday, 13 January 2016

News - Investigations
City watchdogs accused of ignoring whistleblower
Maxine Wernick - Friday, 05 February 2016

News - Cybercrime
Pan-Europe crackdown on remote access Trojans
Maxine Wernick - Wednesday, 16 December 2015

News - Investigations
Son of Laurent Fabius arrested
Maxine Wernick - Tuesday, 12 January 2016

News - Regulation
Game of Thrones as a business role model
Maxine Wernick - Thursday, 07 January 2016

News - Cards and Payments
Rise in skimming at instore ATMs
Maxine Wernick - Friday, 05 February 2016

News - Investigations
Tesco "knowingly" delayed money to suppliers
Maxine Wernick - Tuesday, 26 January 2016

News - Data security
Beware the Databerg
Maxine Wernick - Tuesday, 05 January 2016

News - Regulation
Banks given more time to meet PRA 'bail-in' requirements
Maxine Wernick - Thursday, 14 January 2016

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 ...

article thumbnail Features - Financial fraudTuesday, 25 August 2015

SFO compelled interviews: The right to be legally represented
The High Court has upheld the SFO's right to refuse three executives to be accompanied by their employer's external legal representative at an SFO compelled interview where they were not suspects. Abdulali Jiwaji and Rory Spillman of Signature Litigation assess the implications. Read more ...

 
     
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