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28 AUGUST 2015
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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.

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article thumbnail Friday, 28 August 2015

Book review: Terrorist funding or crowdsourcing?
Author examines the threat from technology Read more ...

 
     

Latest feature
     
 
SFO compelled interviews: The right to be legally represented

The High Court has upheld the SFO's right to refuse three executives to be accompanied by their employer's external legal representative at an SFO compelled interview where they were not suspects. Abdulali Jiwaji and Rory Spillman of Signature Litigation assess the implications.
Read more ...
 
     
 
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Month's news
 
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    Features   
 
     
 
News - CybercrimeThursday, 27 August 2015

Darkode hacker forum back and more secure than ever
Arrestees "not central to operations"
Bitcoin transactions accepted Read more ...

article thumbnail News - Data securityWednesday, 26 August 2015

Ashley Madison offers reward for hacker information
At least five class actions already mounted
Lawyer lists hacker liability


Ashley Madison owner Avid Life Media faces at least five lawsuits following the hack of its 'illicit affair' website. It will be sued for data breach, negligence and violation of privacy laws. Read more ...

article thumbnail News - Data securityFriday, 21 August 2015

Ashley Madison data leaks go from bad to worse
36 million people wait to be found out
There are data leaks, and then there is the Ashley Madison data leak.
This one is sOOO different. Read more ...

News - Court casesFriday, 21 August 2015

First sentence for TARP fraud
Antonucci gets two and a half years

Charles Antonucci, the former president of Park Avenue Bank in the US, has become the first person to be convicted for trying to defraud the US government bailout programme, established during the financial crisis.

Read more ...
article thumbnail News - InvestigationsTuesday, 18 August 2015

HMRC to be allowed to snoop inside ‘digital wallets’
It is just a nascent industry, but government intervention looks set to put a spanner in the works of digital wallet development by giving the HM Revenue and Customs the power to take a look inside.  Read more ...

News - ResearchTuesday, 18 August 2015

SS7 telecom vulnerability raises media storm
You might not have heard about the SS7 protocol before, but you probably will again, because a security loophole in this important telco functionality is apparently leaving all smartphones open to eavesdropping. Read more ...

News - RegulationMonday, 17 August 2015

Co-op Bank admonished - but escapes fine
The Co-operative Bank has escaped a fine from regulators investigating the "failings" throughout 2009-13 that led to its bailout. Read more ...

News - ComplianceMonday, 17 August 2015

Standard Chartered beefs up compliance team
Hires come as Navigant Consulting scrutinises operations against US sanctions rules Read more ...

article thumbnail News - Court casesFriday, 14 August 2015

US$2bn bill for nine banks in Forex rigging

Calls for more personal responsibility and a change of culture Read more ...

News - Court casesFriday, 14 August 2015

Deutsche Bank hit by new fraud blow
Employees charged over carbon trade tax evasion Read more ...

Book Reviews - Book Reviews
Terrorist funding or crowdsourcing?
Maxine Wernick - Friday, 28 August 2015

News - Cybercrime
Darkode hacker forum back and more secure than ever
Maxine Wernick - Thursday, 27 August 2015

News - Data security
Ashley Madison offers reward for hacker information
Administrator - Wednesday, 26 August 2015

News - Data security
Ashley Madison data leaks go from bad to worse
Administrator - Friday, 21 August 2015

News - Court cases
First sentence for TARP fraud
Administrator - Friday, 21 August 2015

News - Investigations
HMRC to be allowed to snoop inside ‘digital wallets’
Maxine Wernick - Tuesday, 18 August 2015

News - Research
SS7 telecom vulnerability raises media storm
Maxine Wernick - Tuesday, 18 August 2015

News - Regulation
Co-op Bank admonished - but escapes fine
Maxine Wernick - Monday, 17 August 2015

News - Compliance
Standard Chartered beefs up compliance team
Maxine Wernick - Monday, 17 August 2015

News - Court cases
US$2bn bill for nine banks in Forex rigging
Administrator - Friday, 14 August 2015

News - Court cases
Deutsche Bank hit by new fraud blow
Maxine Wernick - Friday, 14 August 2015

Book Reviews - Book Reviews
Anyone thinking of a non-exec role?
Administrator - Thursday, 13 August 2015

News - Regulation
"Near final" rules for UK branches of overseas banks
Administrator - Thursday, 13 August 2015

News - Cards and Payments
Mobile fraud is highest on Android
Maxine Wernick - Thursday, 13 August 2015

News - Investigations
Co-op Bank censured by FCA over listing rules breaches
Administrator - Thursday, 13 August 2015

News - Investigations
Hacking-enabled insider trading underlines need for cyber legislation
Administrator - Wednesday, 12 August 2015

News - Research
European fraud on the rise
Administrator - Wednesday, 12 August 2015

News - Data security
Carphone data attack compromises 2.4m customers
Maxine Wernick - Monday, 10 August 2015

News - Cards and Payments
Global card fraud losses to more than double by 2020
Maxine Wernick - Friday, 07 August 2015

News - Regulation
Hong Kong fines Indian bank
Maxine Wernick - Wednesday, 05 August 2015

News - Investigations
First jail term for Libor fixing
Maxine Wernick - Tuesday, 04 August 2015

News - Regulation
Financial regulation to become increasingly automated
Maxine Wernick - Tuesday, 04 August 2015

News - Investigations
Bitcoin exchange boss arrested for fraud
Maxine Wernick - Monday, 03 August 2015

Events - General
Connect:ID 2016
Maxine Wernick - Friday, 31 July 2015

News - Data security
"Far too early' to make link between rise in fraud and new pensions freedom
Administrator - Friday, 31 July 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 - Money laundering
Fraud Watch comment: Fine for MLRO highlights personal responsibilities
Administrator - Monday, 07 June 2010

News - Bribery and corruption
Comment: The new FCPA Guidelines analysed by BakerHostetler
Administrator - Friday, 16 November 2012

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 - Company news
iSignthis enters into agreement with SolidTrustPay
Maxine Wernick - Monday, 04 May 2015

News - Bribery and corruption
Alderman forced to leave OECD advisory group
Maxine Wernick - Thursday, 07 May 2015

News - Regulation
Bank secrecy laws tested in intellectual property case
Administrator - Thursday, 16 July 2015

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

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

News - Regulation
Senior managers to be held accountable for regulatory failures
Maxine Wernick - Monday, 23 February 2015

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

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

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

article thumbnail Features - ComplianceTuesday, 02 June 2015

Terror funding: What are the warning signs to look out for?
In the second of our two part article on AML controls and terrorist funding flows, John Byrne of ACAMS outlines the warning signs to look out for, and gives his Top 10 tips for controlling the problem. Read more ...

article thumbnail Features - ResearchWednesday, 20 May 2015

How funding sustains a foreign terror fighter
63% of AML professionals think current laundering controls are sufficient to combat terrorist funding. In the first of a two part article, John Byrne of ACAMS outlines the sources from where terrorists draw their funding. Read more ...

article thumbnail Features - CybercrimeFriday, 08 May 2015

Firms forced to confront cyberattack threat
Bank of England creates CBEST to require banks to perform penetration testing against online threats

The initiative is initially voluntary but may well become mandatory, so what are the implications for financial services companies? Read more ...

Features - Financial fraudWednesday, 15 April 2015

Tracing the proceeds of fraud and punishing offenders
Unlike many jurisdictions, the English legal system offers effective means to track down, freeze and reclaim stolen assets. Jeremy Andrews (pictured), Sarah Ellington and Gregory Pantlin of legal firm DLA Piper outline the options open to victims. Read more ...

article thumbnail Features - Data securityThursday, 19 February 2015

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 ...

 
     
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