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31 JANUARY 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  
     
 
Friday, 30 January 2015

Mobile fraud losses jump 70% in 2014
Merchants flock to mCommerce channel, but so do fraudsters Read more ...

 
     

Latest feature
     
 
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 ...
 
     
 
Don't miss
     
   
     

 
 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
News - Bribery and corruptionThursday, 29 January 2015

Date set for Alstom bribery trial
Executives and train maker face charges relating to India, Poland Lithuania and Tunisia Read more ...

News - Money launderingThursday, 29 January 2015

Romania ex-Minister indicted for laundering
Claims of failing to declare money from former husband Read more ...

News - ComplianceWednesday, 28 January 2015

Brokers banned for LIBOR failings
Pair contributed to culture allowed rate fixing Read more ...

News - Court casesFriday, 23 January 2015

Hedge fund manager convicted of £536m fraud
UPDATE: JUDGE PASSES SENTENCE
Read more ...

News - Money launderingThursday, 22 January 2015

Former Vice President of Iran jailed
Five-year laundering term for ex-Ahmadinejad aide Read more ...

News - ResearchWednesday, 21 January 2015

UK retail fraud migrates online
Reported fraud incidents total over 135,000 in last year Read more ...

News - CybercrimeMonday, 19 January 2015

Untrained employees the ‘weakest link’ for banks
Warning about cybersecurity risks Read more ...

News - ResearchWednesday, 14 January 2015

Fraudsters move from wealthy to vulnerable
Court case numbers up but total value of fraud declines Read more ...

News - CybercrimeTuesday, 13 January 2015

Obama sets out cybersecurity plans
Speech comes in wake of Morgan Stanley breach Read more ...

News - Money launderingFriday, 09 January 2015

Trade-based laundering: a major emerging risk
Bid Data critical to an effective anti-trade ML programme Read more ...

News - Bribery and corruption
Date set for Alstom bribery trial
Maxine Wernick - Thursday, 29 January 2015

News - Money laundering
Romania ex-Minister indicted for laundering
Maxine Wernick - Thursday, 29 January 2015

News - Compliance
Brokers banned for LIBOR failings
Maxine Wernick - Wednesday, 28 January 2015

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

Events - General
Midlands Fraud Forum Annual Conference
Maxine Wernick - Thursday, 22 January 2015

News - Money laundering
Former Vice President of Iran jailed
Maxine Wernick - Thursday, 22 January 2015

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

News - Cybercrime
Obama sets out cybersecurity plans
Maxine Wernick - Tuesday, 13 January 2015

Events - General
The Loyalty Conference 2015
Maxine Wernick - Monday, 12 January 2015

News - Money laundering
Trade-based laundering: a major emerging risk
Administrator - Friday, 09 January 2015

News - Risk
Integrated risk management the 'key theme' for risktech
Administrator - Thursday, 08 January 2015

News - Investigations
Japan bitcoin losses 'due to fraud not cyberattacks'
Maxine Wernick - Wednesday, 07 January 2015

News - Cards and Payments
Money transfer provider hit by US$30.8m fraud
Maxine Wernick - Wednesday, 07 January 2015

News - Compliance
Former MoneyGram compliance boss faces US$1m penalty
Maxine Wernick - Tuesday, 06 January 2015

News - Cybercrime
Hacking group member held over PayPal frauds
Maxine Wernick - Tuesday, 06 January 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 - 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 - Employee fraud
Court ruling may reduce scope of US computer fraud law
Administrator - Wednesday, 11 April 2012

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

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 ...

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 ...

 
     
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