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27 MAY 2016
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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  
     
 
article thumbnail Wednesday, 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 ...

 
     

Latest feature
     
 
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 ...
 
     
 
Don't miss
     
 
 
     

 
 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
News - InvestigationsWednesday, 25 May 2016

Date for Investigatory Powers Bill may be moved forward
Much criticised legislation to be speeded up warns PM Read more ...

article thumbnail News - CybercrimeFriday, 20 May 2016

Comment: LinkedIn shows how breaches come back to haunt you
The news that a hacker is trying to sell the account data of 117 million LinkedIn users harvested from an intrusion in 2012, shows how such breaches  can continue to damage companies years down the line. Read more ...

News - Money launderingWednesday, 18 May 2016

Warning of ML risk at central American banks
Failings in three countries highlighted Read more ...

article thumbnail News - CybercrimeMonday, 16 May 2016

Bangladesh accuses SWIFT over bank cyberattack
Latest attack on Vietnam bank linked to Bangladesh case Read more ...

article thumbnail News - Bribery and corruptionThursday, 12 May 2016

Anti-Corruption Summit: Global Asset Recovery Forum in 2017
Event to be hosted by US and UK Read more ...

News - Bribery and corruptionThursday, 12 May 2016

Anti-corruption summit: TI welcomes government commitments
Agreements "a positive step" Read more ...

article thumbnail News - Bribery and corruptionThursday, 12 May 2016

Anti-Corruption Summit: US fails to commit to beneficial ownership
Six countries so far sign up for information sharing agreement Read more ...

News - Bribery and corruptionThursday, 12 May 2016

Anti-Corruption Summit: New criminal offence is "a game changer"
Corporate wrongdoing to become easier to prosecute Read more ...

News - Money launderingThursday, 12 May 2016

SBI wins AML tech award
Praise for anti-trade-based money laundering practices Read more ...

News - ComplianceThursday, 05 May 2016

MAR to increase compliance workload
July 3 deadline for new Market Abuse Regulation means busy summer for compliance officers Read more ...

News - Investigations
Date for Investigatory Powers Bill may be moved forward
Maxine Wernick - Wednesday, 25 May 2016

News - Cybercrime
Comment: LinkedIn shows how breaches come back to haunt you
Maxine Wernick - Friday, 20 May 2016

Events - General
PayExpo Europe 2016
Maxine Wernick - Wednesday, 18 May 2016

News - Money laundering
Warning of ML risk at central American banks
Maxine Wernick - Wednesday, 18 May 2016

News - Cybercrime
Bangladesh accuses SWIFT over bank cyberattack
Maxine Wernick - Monday, 16 May 2016

News - Bribery and corruption
Anti-Corruption Summit: Global Asset Recovery Forum
Administrator - Thursday, 12 May 2016

News - Bribery and corruption
Anti-corruption summit: TI welcomes government commitments
Administrator - Thursday, 12 May 2016

News - Bribery and corruption
Anti-Corruption Summit: US fails to commit to beneficial ownership
Administrator - Thursday, 12 May 2016

News - Bribery and corruption
Anti-Corruption Summit: New criminal offence is "a game changer"
Administrator - Thursday, 12 May 2016

News - Money laundering
SBI wins AML tech award
Administrator - Thursday, 12 May 2016

News - Compliance
MAR to increase compliance workload
Maxine Wernick - Thursday, 05 May 2016

News - Money laundering
Russian ML ring dismantled
Maxine Wernick - Thursday, 05 May 2016

News - Money laundering
Ex-banker hands over her home
Maxine Wernick - Wednesday, 04 May 2016

News - Regulation
China clamps down on risky lending practices
Maxine Wernick - Wednesday, 04 May 2016

News - Investigations
Barclays at centre of French ML scandal
Maxine Wernick - Tuesday, 03 May 2016

News - Data security
Turkish data law will enable "surveillance state"
Maxine Wernick - Friday, 29 April 2016

News - Technology
FICO partners on AI cyber analytics
Maxine Wernick - Friday, 29 April 2016

News - Research
Pressure mounts on big banks as profits fall
Maxine Wernick - Friday, 29 April 2016

News - Research
LPWA to account for 55% of IoT connections
Maxine Wernick - Friday, 29 April 2016

News - Cybercrime
Cybercriminals relying on human nature for success
Maxine Wernick - Thursday, 28 April 2016

Jobs & People - Jobs & People
FBI appoints Johnson to criminal and cyber response branch
Maxine Wernick - Thursday, 28 April 2016

News - Cybercrime
Customised malware behind Bangladesh cyberattack
Maxine Wernick - Thursday, 28 April 2016

News - Regulation
FCA starts anti-competition investigations
Maxine Wernick - Wednesday, 27 April 2016

News - Research
Anti-fraud controls pay off
Maxine Wernick - Thursday, 07 April 2016

News - Money laundering
China to tackle escalating laundering problem
Maxine Wernick - Tuesday, 29 March 2016

News - Cybercrime
Cybercriminals increasingly go professional
Maxine Wernick - Wednesday, 13 April 2016

News - Company news
Stroz Friedberg buys security business
Maxine Wernick - Thursday, 14 April 2016

News - Regulation
FCA contacts firms after Panama revelations
Maxine Wernick - Wednesday, 06 April 2016

News - Money laundering
Iraqi ML ring broken up in Germany
Maxine Wernick - Friday, 01 April 2016

News - Company news
Jumio files for bankruptcy protection
Maxine Wernick - Wednesday, 30 March 2016

News - Cards and Payments
Italian ATM skimming network dismantled
Maxine Wernick - Thursday, 21 April 2016

News - Money laundering
Massive Panama leak highlights risky territories
Maxine Wernick - Monday, 04 April 2016

News - Money laundering
Russian ML ring dismantled
Maxine Wernick - Thursday, 05 May 2016

News - Compliance
MAR to increase compliance workload
Maxine Wernick - Thursday, 05 May 2016

News - Regulation
China clamps down on risky lending practices
Maxine Wernick - Wednesday, 04 May 2016

News - Data security
Turkish data law will enable "surveillance state"
Maxine Wernick - Friday, 29 April 2016

News - Technology
FICO partners on AI cyber analytics
Maxine Wernick - Friday, 29 April 2016

News - Money laundering
Ex-banker hands over her home
Maxine Wernick - Wednesday, 04 May 2016

News - Research
Pressure mounts on big banks as profits fall
Maxine Wernick - Friday, 29 April 2016

News - Research
LPWA to account for 55% of IoT connections
Maxine Wernick - Friday, 29 April 2016

News - Technology
Trulioo wins cybersecurity innovation award
Maxine Wernick - Tuesday, 26 April 2016

News - Cybercrime
Cybercriminals relying on human nature for success
Maxine Wernick - Thursday, 28 April 2016

News - Cards and Payments
3D Secure shunned in m-payments
Maxine Wernick - Monday, 25 April 2016

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 ...

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 ...

 
     
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