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29 AUGUST 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  
     
 
Friday, 26 August 2016

Russian opposition leader jailed
Conviction for money laundering and extremism Read more ...

 
     

Latest feature
     
 
UK tipped to keep regulation pre-eminence

Country is an early adopter of Beneficial Ownership registers

The UK has been at the forefront of international efforts to improve financial conduct and transparency both before and after the Panama Papers revelations.
Read more ...
 
     
 
Don't miss
     
 
 
     

 
 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
News - RegulationThursday, 25 August 2016

US regulators step up scrutiny on SWIFT
Agencies set out actions taken after cyberattacks Read more ...

News - Cards and PaymentsWednesday, 24 August 2016

POS breaches show payment system vulnerabilities
Visa issues warning to check merchant devices for malware Read more ...

News - InvestigationsTuesday, 23 August 2016

Taiwan bank compliance programme was a ”hollow shell”
US penalty for AML failures Read more ...

News - Money launderingTuesday, 23 August 2016

Deloitte & Touche sued for Middle East negligence
US$230m alleged to have been laundered through collapsed bank during auditor’s watch Read more ...

News - Cards and PaymentsTuesday, 23 August 2016

Samsung Pay admits system can be hacked
'White hat' hacker demonstrates how attack can succeed Read more ...

article thumbnail News - ResearchMonday, 22 August 2016

Banks put FCIUs at top of priority list
Reducing fraud loss is main task for units Read more ...

News - CybercrimeMonday, 22 August 2016

Blockchain: Banks most concerned about confidentiality and private keys
FIs lean towards PBFT as preferred blockchain option Read more ...

article thumbnail News - RegulationMonday, 22 August 2016

FCA to play more active role in ‘regtech’
Outstanding response to consultation Read more ...

News - RegulationFriday, 19 August 2016

Deutsche Bank charged with swap reporting violations
Latest in series of regulatory woes for struggling FI Read more ...

article thumbnail News - Money launderingWednesday, 17 August 2016

Iran is highest global ML risk
Ranking comes despite suspension of sanction and FATF countermeasures Read more ...

News - Regulation
US regulators step up scrutiny on SWIFT
Maxine Wernick - Thursday, 25 August 2016

News - Cards and Payments
POS breaches show payment system vulnerabilities
Maxine Wernick - Wednesday, 24 August 2016

Jobs & People - Jobs & People
Roe promoted to head of compliance at CIMA
Maxine Wernick - Wednesday, 24 August 2016

Jobs & People - Jobs & People
StepChange charity appoints director of risk and compliance
Maxine Wernick - Wednesday, 24 August 2016

Jobs & People - Jobs & People
Marc Cane joins WHIreland
Maxine Wernick - Wednesday, 24 August 2016

Jobs & People - Jobs & People
O’Connor appointed at TrackBack
Maxine Wernick - Wednesday, 24 August 2016

Jobs & People - Jobs & People
Security and ID veteran becomes TeleSign CEO
Maxine Wernick - Wednesday, 24 August 2016

News - Investigations
Taiwan bank compliance programme was a ”hollow shell”
Maxine Wernick - Tuesday, 23 August 2016

News - Money laundering
Deloitte & Touche sued for Middle East negligence
Maxine Wernick - Tuesday, 23 August 2016

News - Cards and Payments
Samsung Pay admits system can be hacked
Maxine Wernick - Tuesday, 23 August 2016

News - Research
Banks put FCIUs at top of priority list
Maxine Wernick - Monday, 22 August 2016

News - Cybercrime
Blockchain: Banks most concerned about confidentiality and private keys
Maxine Wernick - Monday, 22 August 2016

News - Regulation
FCA to play more active role in ‘regtech’
Maxine Wernick - Monday, 22 August 2016

News - Regulation
Deutsche Bank charged with swap reporting violations
Maxine Wernick - Friday, 19 August 2016

News - Money laundering
Iran is highest global ML risk
Maxine Wernick - Wednesday, 17 August 2016

News - Court cases
PwC faces three major negilgence trials
Maxine Wernick - Wednesday, 17 August 2016

News - Public sector fraud
London counter fraud hub plans pick up speed
Maxine Wernick - Thursday, 11 August 2016

News - Cybercrime
Bitfinex hack causes security and secrecy protests
Maxine Wernick - Wednesday, 10 August 2016

News - Investigations
SFO targets Airbus over use of third parties
Maxine Wernick - Tuesday, 09 August 2016

News - Cybercrime
UBI breach highlights inter-bank payments security issues
Maxine Wernick - Tuesday, 09 August 2016

News - Cards and Payments
Security MasterCard changes specifications to guard against relay attacks
Administrator - Monday, 08 August 2016

News - Research
Card fraud rose in 10 of 19 European countries last year
Administrator - Friday, 05 August 2016

News - Cybercrime
Bitcoin price recovers after exchange heist
Administrator - Thursday, 04 August 2016

News - Court cases
US Court of Appeals upholds right to fire non-cooperative employee
Administrator - Wednesday, 03 August 2016

News - Court cases
Serious Fraud Office secures second DPA
Administrator - Tuesday, 02 August 2016

News - Court cases
Culture hasn't changed enough to prevent another rogue trader, says Adoboli
Administrator - Monday, 01 August 2016

News - Data security
Is the Pokémon hiding in your building a potential liability?
Administrator - Monday, 01 August 2016

News - Cards and Payments
105 card fraud syndicate suspects arrested
Maxine Wernick - Friday, 08 July 2016

News - Court cases
Barclays Libor traders are jailed
Maxine Wernick - Thursday, 07 July 2016

News - Money laundering
Criminals can 'sidestep' EU beneficial owner registers
Maxine Wernick - Wednesday, 06 July 2016

News - Research
Cross-industry fraud cases have higher impact on firms
Maxine Wernick - Thursday, 14 July 2016

News - Investigations
Encryption firm suspected in drugs and killings case
Maxine Wernick - Tuesday, 12 July 2016

News - Regulation
Brexit: Uncertainty over precedence of UK or EU law
Maxine Wernick - Monday, 04 July 2016

News - Cards and Payments
Rise in internal ATM skimming devices
Maxine Wernick - Thursday, 07 July 2016

News - Public sector fraud
London counter fraud hub plans pick up speed
Maxine Wernick - Thursday, 11 August 2016

News - Investigations
Comment: HSBC Forex charges are a statement of intent from the DoJ
Maxine Wernick - Wednesday, 27 July 2016

News - Data security
ID theft: Banks must look for device risk
Maxine Wernick - Friday, 08 July 2016

News - Compliance
Brexit Friday
Administrator - Friday, 01 July 2016

News - Court cases
US Court of Appeals upholds right to fire non-cooperative employee
Administrator - Wednesday, 03 August 2016

News - Investigations
Proceeds of Crime stay with the criminals
Administrator - Friday, 01 July 2016

News - Investigations
US charges former HSBC employees
Maxine Wernick - Friday, 22 July 2016

News - Investigations
SFO targets Airbus over use of third parties
Maxine Wernick - Tuesday, 09 August 2016

News - Compliance
Financial services needs a compliance re-think
Maxine Wernick - Wednesday, 27 July 2016

News - Court cases
Three Irish bankers jailed for Eur7bn fraud conspiracy
Maxine Wernick - Friday, 29 July 2016

News - Research
Half of all fraud offences cyber-related
Maxine Wernick - Friday, 22 July 2016

News - Investigations
Call for SFO to investigate BHS collapse
Maxine Wernick - Thursday, 28 July 2016

News - Money laundering
EC strengthens AML and terror funding rules
Maxine Wernick - Wednesday, 06 July 2016

article thumbnail Features - ComplianceWednesday, 25 May 2016

Corruption: New transparency plans "a step in the right direction"
- Failure to prevent financial crime offence likely to mirror Bribery Act
- New unexplained wealth tool may be useful to compliance officers
- Beneficial ownership: Real control may be easily circumvented
- Commonwealth anti-corruption best practice standard proposed Read more ...

article thumbnail Features - Financial fraudTuesday, 15 March 2016

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 ...

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 ...

 
     
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