frame_main_header_title
  Home frame_main_breadcrumb_about frame_main_breadcrumb_contact    
 
28 SEPTEMBER 2016
Keep up to date with developments in fraud and money laundering compliance, regulation and developments. Only £295 for a full year's access and six printed newsletters.

Subscribe now

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  
     
 
article thumbnail Monday, 26 September 2016

Sibos: Financial crime compliance is ‘outdated’
Bank giant’s legal boss calls for global data sharing standards Read more ...

 
     

Latest feature
     
 
Public-private initiative to improve asset recovery

The new 2-year pilot scheme by City of London Police to help individuals recover assets lost to fraudsters is a welcome move, says William Christopher of legal firm Kingsley Napley.
Read more ...
 
     
 
Don't miss
     
 
 
     

 
 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
News - CybercrimeFriday, 23 September 2016

SWIFT to start daily anti-fraud reports
Latest measure to improve security after bank attacks Read more ...

article thumbnail News - CybercrimeThursday, 22 September 2016

Surge in reported cyber-attacks on UK financial firms
FCA broadens focus to smaller companies’ defence capabilities Read more ...

News - ResearchTuesday, 20 September 2016

Financial fraud soars by 53%
One incident every 15 seconds in the UK Read more ...

News - CybercrimeMonday, 19 September 2016

Central banks plan new measures after SWIFT cyberattacks
Taskforce considers broader crossborder banking requirements Read more ...

article thumbnail News - CybercrimeFriday, 16 September 2016

BRICS nations join to increase cybersecurity efforts
Call for global legal regime to drive counter-terrorism efforts Read more ...

News - Money launderingThursday, 15 September 2016

Canada anti-money laundering system criticised
Omission of legal firms from AML regime leads to “high risk” Read more ...

News - RiskWednesday, 14 September 2016

US beneficial ownership rules branded inadequate
Country is easiest place in the world to create companies with hidden ownership, report claims
Read more ...

News - Cards and PaymentsTuesday, 13 September 2016

Huge rise in US online fraud attacks
International transactions are hardest hit Read more ...

News - Court casesTuesday, 13 September 2016

Fraud and ML trial of HBOS bankers starts
First case involving executives after 2008 financial crisis Read more ...

News - RegulationMonday, 12 September 2016

Boards to be criminally responsible for employee offences
- Plans to extend ’failure to prevent’ liability to fraud, ML and other crimes
- Financial services best placed to comply with proposed new laws Read more ...

Jobs & People - Jobs & People
FIFA appoints first compliance boss
Maxine Wernick - Friday, 23 September 2016

News - Cybercrime
SWIFT to start daily anti-fraud reports
Maxine Wernick - Friday, 23 September 2016

News - Cybercrime
Surge in reported cyber-attacks on UK financial firms
Maxine Wernick - Thursday, 22 September 2016

News - Research
Financial fraud soars by 53%
Maxine Wernick - Tuesday, 20 September 2016

News - Cybercrime
Central banks plan new measures after SWIFT cyberattacks
Maxine Wernick - Monday, 19 September 2016

Events - General
IFINTEC
Maxine Wernick - Monday, 19 September 2016

News - Cybercrime
BRICS nations join to increase cybersecurity efforts
Maxine Wernick - Friday, 16 September 2016

News - Money laundering
Canada anti-money laundering system criticised
Maxine Wernick - Thursday, 15 September 2016

News - Risk
US beneficial owner rules branded inadequate
Maxine Wernick - Wednesday, 14 September 2016

News - Cards and Payments
Huge rise in US online fraud attacks
Maxine Wernick - Tuesday, 13 September 2016

News - Court cases
Fraud and ML trial of HBOS bankers starts
Maxine Wernick - Tuesday, 13 September 2016

News - Regulation
Boards to be criminally responsible for employee offences
Maxine Wernick - Monday, 12 September 2016

Events - General
The Loyalty Magazine Awards 2017
Maxine Wernick - Friday, 09 September 2016

News - Court cases
Three charged over alleged Tesco fraud
Maxine Wernick - Friday, 09 September 2016

News - Money laundering
Maldives authorities accused of laundering US$1.5bn
Maxine Wernick - Thursday, 08 September 2016

News - Compliance
SWIFT sanctions screening service tops 500 customers
Maxine Wernick - Wednesday, 07 September 2016

News - Cards and Payments
Romanian-Italian card fraud gang broken up
Maxine Wernick - Wednesday, 07 September 2016

News - Cybercrime
Blockchain: Attackers target external third parties
Maxine Wernick - Tuesday, 06 September 2016

News - Compliance
US keeps up pressure on Standard Chartered
Maxine Wernick - Tuesday, 06 September 2016

News - Investigations
US$2.5bn fraud investigation in Brazil
Maxine Wernick - Tuesday, 06 September 2016

News - Investigations
Beckenbauer investigated for ML and fraud
Maxine Wernick - Friday, 02 September 2016

Jobs & People - Jobs & People
New compliance officer at CONCACAF
Maxine Wernick - Thursday, 01 September 2016

Jobs & People - Jobs & People
Capital One CRO moves to Silicon Valley Bank
Maxine Wernick - Thursday, 01 September 2016

News - Money laundering
US denies zero tolerance approach to ML
Maxine Wernick - Thursday, 01 September 2016

News - Cybercrime
SWIFT banks hit by more cyberattacks
Maxine Wernick - Wednesday, 31 August 2016

News - Research
Banks put FCIUs at top of priority list
Maxine Wernick - Wednesday, 31 August 2016

News - Company news
Funding: Jumio raises US$15m
Maxine Wernick - Tuesday, 30 August 2016

News - Cards and Payments
Sophisticated malware attack on Thai ATMs
Maxine Wernick - Tuesday, 30 August 2016

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

News - Cards and Payments
Huge rise in US online fraud attacks
Maxine Wernick - Tuesday, 13 September 2016

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

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

News - Research
Financial fraud soars by 53%
Maxine Wernick - Tuesday, 20 September 2016

News - Risk
US beneficial owner rules branded inadequate
Maxine Wernick - Wednesday, 14 September 2016

News - Money laundering
Canada anti-money laundering system criticised
Maxine Wernick - Thursday, 15 September 2016

News - Cybercrime
Central banks plan new measures after SWIFT cyberattacks
Maxine Wernick - Monday, 19 September 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 - Research
Card fraud rose in 10 of 19 European countries last year
Administrator - Friday, 05 August 2016

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

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

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

News - Cybercrime
SWIFT to start daily anti-fraud reports
Maxine Wernick - Friday, 23 September 2016

News - Court cases
Russian opposition leader jailed
Maxine Wernick - Friday, 26 August 2016

News - Investigations
Beckenbauer investigated for ML and fraud
Maxine Wernick - Friday, 02 September 2016

News - Court cases
Fraud and ML trial of HBOS bankers starts
Maxine Wernick - Tuesday, 13 September 2016

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

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

article thumbnail Features - ComplianceWednesday, 27 July 2016

Financial services needs a compliance re-think
Need to target areas of greatest risk as economic crime against FS firms continues to rise

The number of financial services providers experiencing economic crime in 2015 increased to 46%, from 45% in the previous year. Read more ...

article thumbnail Features - ComplianceMonday, 18 July 2016

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 ...

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 ...

 
     
Do you have a fraud early warning system? SUBSCRIBE to keep informed of the latest card, financial fraud and money laundering issues.

Fraud links