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5 DECEMBER 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  
     
 
article thumbnail Monday, 05 December 2016

Billionaire death sentence upheld
Conviction is part of Iran laundering and corruption crackdown Read more ...

 
     

Latest feature
     
 
Global cyberattack report

- Where to report attacks: Country-by country details
- The Regional Picture: Asia-Pacific, European Union reporting requirements
- Mixed messages on business response to cyberattacks
- Tech and customer facing functions often at adds
Read more ...
 
     
 
Don't miss
     
  IN THE LATEST PRINTED EDITION OF FRAUD WATCH

- Boards to be criminally responsible for employees
- Cybercrime: Country-by-country guide to where organisations should report
- What is worrying FPOs, MLROs and compliance officers  
- Public-private initiative should boost asset recovery efforts
- Case Study: Why Talk Talk decided to tell
- Will corporate DPAs improve on civil settlements?


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 Latest news 
 
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    Features   
 
     
 
article thumbnail News - CybercrimeFriday, 02 December 2016

Iran link to Saudi cyberattacks
Shamoon virus makes comeback Read more ...

News - RegulationFriday, 02 December 2016

Trump keeps anti-corruption crusader in post
Manhattan lead attorney agrees to stay on   Read more ...

News - Cards and PaymentsThursday, 01 December 2016

Online fraud attempts to increase by 11%
Christmas Eve is peak for Europe activity over holiday season
Read more ...

article thumbnail News - InvestigationsWednesday, 30 November 2016

Tesco ex-boss to escape charges
Lawyer says SFO will not prosecute Read more ...

article thumbnail News - Court casesWednesday, 30 November 2016

Password re-use is likely reason for Lottery attack
Credential stuffing cases becoming more common Read more ...

article thumbnail News - Court casesWednesday, 30 November 2016

Russian construction magnate has assets seized
Ex-pats attempt to use UK courts to fight Russian actions Read more ...

article thumbnail News - InvestigationsTuesday, 29 November 2016

Over 4,500 illicit domain names seized
Anti-online counterfeiting operation across 27 countries Read more ...

article thumbnail News - ComplianceTuesday, 29 November 2016

Law firms still facing significant AML challenges
Problems from new laundering and KYC regulations Read more ...

News - CybercrimeMonday, 28 November 2016

Hackers reported to be draining ATMs
Cobalt gang attacks machines across Europe Read more ...

article thumbnail News - CybercrimeMonday, 28 November 2016

San Francisco's light rail hacked for a ransom
Passengers get free rides after ransomware attack Read more ...

News - Cybercrime
Iran link to Saudi cyberattacks
Administrator - Friday, 02 December 2016

News - Regulation
Trump keeps anti-corruption crusader in post
Administrator - Friday, 02 December 2016

News - Cards and Payments
Online fraud attempts to increase by 11%
Administrator - Thursday, 01 December 2016

News - Investigations
Tesco ex-boss to escape charges
Administrator - Wednesday, 30 November 2016

News - Court cases
Password re-use is likely reason for Lottery attack
Administrator - Wednesday, 30 November 2016

News - Court cases
Russian construction magnate has assets seized
Administrator - Wednesday, 30 November 2016

Events - General
SDW 2017 - Security Document World
Administrator - Tuesday, 29 November 2016

Events - General
Connect:ID
Administrator - Tuesday, 29 November 2016

Events - General
Fraud Prevention in Financial Institutions
Administrator - Tuesday, 29 November 2016

News - Investigations
Over 4,500 illicit domain names seized
Administrator - Tuesday, 29 November 2016

News - Compliance
Law firms still facing significant AML challenges
Administrator - Tuesday, 29 November 2016

News - Cybercrime
Hackers reported to be draining ATMs
Administrator - Monday, 28 November 2016

News - Cybercrime
San Francisco's light rail hacked for a ransom
Administrator - Monday, 28 November 2016

News - Cards and Payments
15 arrests after cross-continent card fraud operation
Administrator - Tuesday, 22 November 2016

News - Compliance
SWIFT KYC registry tops 3,000 members
Administrator - Monday, 21 November 2016

News - Cybercrime
Plea to companies: Report ransomware attacks
Administrator - Friday, 18 November 2016

News - Cards and Payments
Tesco hack may have used cloned cards
Administrator - Friday, 18 November 2016

News - Court cases
India scraps banknotes to combat corruption
Administrator - Thursday, 17 November 2016

News - Compliance
Corporate compliance officers key to avoiding fines
Administrator - Thursday, 17 November 2016

News - Regulation
SEC boss denies regulations will be rushed through
Administrator - Wednesday, 16 November 2016

News - Bribery and corruption
Rio Tinto regulatory boss departs amid bribery investigation
Administrator - Tuesday, 15 November 2016

Book Reviews - Book Reviews
Crime and Corruption within Organisations
Administrator - Tuesday, 15 November 2016

News - Bribery and corruption
Crime and Corruption within Organisations
Administrator - Tuesday, 15 November 2016

News - Data security
412m records exposed after adult site hack
Administrator - Monday, 14 November 2016

News - Cybercrime
DDoS attacks hit Russian banks
Administrator - Monday, 14 November 2016

News - Company news
Major players unite to tackle loyalty fraud
Administrator - Monday, 14 November 2016

News - Regulation
Trump pledges to repeal Dodd-Frank Act
Maxine Wernick - Friday, 11 November 2016

News - Compliance
Less than a week to enter Women in Compliance Awards
Administrator - Thursday, 10 November 2016

News - Cybercrime
Software re-write could stop DDoS cyberattacks claims GCHQ boss
Administrator - Wednesday, 09 November 2016

News - Data security
SAP promises not to share data
Administrator - Tuesday, 08 November 2016

News - Cybercrime
If the Tesco Bank robbers had been wearing balaclavas.....
Administrator - Tuesday, 08 November 2016

News - Investigations
Prosecutors raid Samsung offices
Administrator - Tuesday, 08 November 2016

News - Cards and Payments
Tesco hack raises serious bank security questions
Administrator - Monday, 07 November 2016

News - Cybercrime
IoT-based cyberattack hits Liberia
Administrator - Monday, 07 November 2016

News - Money laundering
FATF: Countries still falling short on beneficial ownership efforts
Administrator - Monday, 07 November 2016

News - Cards and Payments
Indian card breach highlights lack of data sharing
Maxine Wernick - Friday, 21 October 2016

News - Investigations
500 Indian call centre staff arrested for fraud
Maxine Wernick - Thursday, 06 October 2016

News - Cards and Payments
Global card fraud losses up by 20%
Maxine Wernick - Tuesday, 25 October 2016

News - Investigations
Counterfeit Euro operation broken up
Maxine Wernick - Thursday, 06 October 2016

News - Investigations
Ernst & Young fined US$11.8m
Maxine Wernick - Thursday, 20 October 2016

News - Cybercrime
Police websites insecure, warns CPS
Administrator - Wednesday, 12 October 2016

News - Cybercrime
Hackers use false flags to fool security teams
Maxine Wernick - Friday, 07 October 2016

News - Cybercrime
Case Study Why Talk Talk decided to tell
Administrator - Friday, 28 October 2016

News - Cybercrime
Plea to companies: Report ransomware attacks
Administrator - Friday, 18 November 2016

News - Cybercrime
Cybersecurity fines to ‘skyrocket’ from 2018
Maxine Wernick - Wednesday, 19 October 2016

News - Cards and Payments
Tesco hack may have used cloned cards
Administrator - Friday, 18 November 2016

News - Cybercrime
SWIFT hit again by hackers
Administrator - Wednesday, 12 October 2016

News - Cards and Payments
ATM explosive attacks surge in Europe
Maxine Wernick - Friday, 14 October 2016

News - Cards and Payments
Defending against ATM explosive attacks
Administrator - Monday, 31 October 2016

News - Cybercrime
13 countries sign up for anti-ransomware project
Maxine Wernick - Thursday, 20 October 2016

News - Cybercrime
Interpol and Europol pledge more cybercrime cooperation
Maxine Wernick - Tuesday, 11 October 2016

News - Money laundering
Ulster Bank fined €3.3m
Administrator - Wednesday, 02 November 2016

News - Compliance
SWIFT KYC registry tops 3,000 members
Administrator - Monday, 21 November 2016

News - Cards and Payments
15 arrests after cross-continent card fraud operation
Administrator - Tuesday, 22 November 2016

News - Money laundering
AML group urges members to cut North Korean bank ties
Maxine Wernick - Monday, 24 October 2016

article thumbnail Features - Cards and PaymentsFriday, 11 November 2016

What we need to learn from the Tesco Bank hack
Calls for data sharing like the baddies do

One third of Tesco Bank's customers were hacked last weekend. This much we know. What has still to come out, is how the baddies got in and whether or not there was an insider.

Even without this information, it raises questions that should be addressed by every financial services firm. Read more ...

Features - ComplianceThursday, 03 November 2016

What worries compliance officers?
PSD2, Open Banking API, 4AMLD and the Data Protection Act 2017 are all concerns for FPOs and MLROs. There is also the threat of a five year prison sentence for non-reporting, major cybercrime threats, unwieldy legacy systems, the enemy within, and of course Brexit Read more ...

article thumbnail Features - Financial fraudFriday, 16 September 2016

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 ...

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 ...

 
     
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