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31 MARCH 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  
     
 
article thumbnail Monday, 30 March 2015

Remote bank fraud losses increase by 6%
Viruses, scams and overseas use blamed for overall UK card fraud increase Read more ...

 
     

Latest feature
     
 
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 ...
 
     
 
Don't miss
     
   
     

 
 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
News - RegulationThursday, 26 March 2015

FCA targets prevention of financial crime
Companies internal systems to be a key area of focus for 2015/16 Read more ...

article thumbnail News - Court casesWednesday, 25 March 2015

Fraudsters target young adults
Recorded fraud up by 25% as criminals become increasingly predatory and organised Read more ...

News - Money launderingTuesday, 24 March 2015

More must be done to stop ISIL funding – FATF
Terror state mostly financed through extortion rackets Read more ...

News - InvestigationsMonday, 23 March 2015

Afren calls in SFO
Concerns over expense payments during compliance review Read more ...

News - InvestigationsThursday, 19 March 2015

Seven arrested in £21m ML and VAT investigation
Suspects held in UK, Isle of Man and Guernsey Read more ...

News - RegulationWednesday, 18 March 2015

Ex-Rabobank trader banned over Libor
UK action after conviction in the US Read more ...

article thumbnail News - CybercrimeTuesday, 17 March 2015

BBC attack blamed on DDoS
Research suggest 43% of businesses unready for an attack Read more ...

News - RegulationMonday, 16 March 2015

EU Data Regulation becoming 'a shell'
Group accuses Germany and cohorts of undermining new cross-Europe data protection rules Read more ...

News - RegulationFriday, 13 March 2015

Exclusive: Payments industry reels as regulations converge
SecuRe Pay rules require PSD2 to be implemented this year Read more ...

News - InvestigationsFriday, 13 March 2015

Ex-RBS securities trader admits defrauding customers of millions
Prosecutors focus on role of CLOs in 2008 financial meltdown Read more ...

News - Regulation
FCA targets prevention of financial crime
Maxine Wernick - Thursday, 26 March 2015

News - Court cases
Fraudsters target young adults
Maxine Wernick - Wednesday, 25 March 2015

News - Money laundering
More must be done to stop ISIL funding – FATF
Maxine Wernick - Tuesday, 24 March 2015

News - Investigations
Afren calls in SFO
Maxine Wernick - Monday, 23 March 2015

News - Investigations
Seven arrested in £21m ML and VAT investigation
Maxine Wernick - Thursday, 19 March 2015

News - Regulation
Ex-Rabobank trader banned over Libor
Maxine Wernick - Wednesday, 18 March 2015

Events - General
Payment Security Summit
Maxine Wernick - Tuesday, 17 March 2015

News - Cybercrime
BBC attack blamed on DDoS
Maxine Wernick - Tuesday, 17 March 2015

News - Regulation
EU Data Regulation becoming 'a shell'
Maxine Wernick - Monday, 16 March 2015

News - Regulation
Exclusive: Payments industry reels as regulations converge
Maxine Wernick - Friday, 13 March 2015

News - Investigations
Ex-RBS securities trader admits defrauding customers of millions
Maxine Wernick - Friday, 13 March 2015

News - Research
Current account fraud drives rise in ID theft
Maxine Wernick - Wednesday, 11 March 2015

News - Public sector fraud
EU may investigate Front National for fraud
Maxine Wernick - Tuesday, 10 March 2015

Jobs & People - Jobs & People
RiskSpan appoints chief risk strategist
Maxine Wernick - Monday, 09 March 2015

News - Public sector fraud
Europe-wide VAT fraud ring broken up
Maxine Wernick - Monday, 09 March 2015

News - Cybercrime
Card data compromised at luxury hotel chain
Maxine Wernick - Friday, 06 March 2015

News - Investigations
Chinese police freeze trading house accounts
Maxine Wernick - Friday, 06 March 2015

News - Cybercrime
57 arrested in UK cybercrime crackdown
Maxine Wernick - Friday, 06 March 2015

News - Investigations
SFO investigates Bank of England over liquidity auctions
Maxine Wernick - Thursday, 05 March 2015

News - Cards and Payments
Apple Pay-enabled fraud is rampant
Maxine Wernick - Thursday, 05 March 2015

News - Research
London property a ‘centre’ for corrupt money
Maxine Wernick - Wednesday, 04 March 2015

News - Court cases
Ex-Morrisons exec jailed for insider trading
Maxine Wernick - Tuesday, 03 March 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 - 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 - Cards and Payments
Target latest - Login credentials stolen
Administrator - Friday, 14 February 2014

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

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

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

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

News - Money laundering
Small banks warned over ML failures
Administrator - Monday, 17 November 2014

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

News - Cards and Payments
Western Europe hit by ATM malware attacks
Administrator - Thursday, 23 October 2014

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

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 ...

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 ...

 
     
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