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23 JULY 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  
     
 
Friday, 22 July 2016

US charges former HSBC employees
Britons suspected of £2.7bn forex fraud Read more ...

 
     

Latest feature
     
 
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 ...
 
     
 
Don't miss
     
 
 
     

 
 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
News - Court casesFriday, 22 July 2016

Jail term in bitcoin securities fraud case
Investors defrauded out of US$1.2m Read more ...

article thumbnail News - ResearchFriday, 22 July 2016

Half of all fraud offences cyber-related
3.8 million cyberattacks in last year
Read more ...

article thumbnail News - RegulationMonday, 18 July 2016

UK tipped to keep regulation pre-eminence
Country is an early adopter of Beneficial Ownership registers Read more ...

article thumbnail News - ResearchThursday, 14 July 2016

Cross-industry fraud cases have higher impact on firms
84% say cases can be cross-industry Read more ...

News - InvestigationsTuesday, 12 July 2016

Encryption firm suspected in drugs and killings case
Modified phones alleged to have been used for criminal activity Read more ...

News - Cards and PaymentsFriday, 08 July 2016

105 card fraud syndicate suspects arrested
Counterfeiting group operated in in Asia and Europe Read more ...

article thumbnail News - Data securityFriday, 08 July 2016

ID theft: Banks must look for device risk
Danger of reputational loss after 57% increase in victims Read more ...

News - Court casesThursday, 07 July 2016

Barclays Libor traders are jailed
Four imprisoned for manipulation Read more ...

News - Cards and PaymentsThursday, 07 July 2016

Rise in internal ATM skimming devices
ATM fraudsters are increasingly using a particular internal card skimming device in Europe. Read more ...

News - Money launderingWednesday, 06 July 2016

Criminals can 'sidestep' EU beneficial owner registers
- Criticism of latest 4th AML Directive amendments
- Brexit calls UK position as compliance leader into question Read more ...

News - Court cases
Jail term in bitcoin securities fraud case
Maxine Wernick - Friday, 22 July 2016

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

Events - General
MENA New Age Banking Summit
Maxine Wernick - Monday, 18 July 2016

News - Regulation
UK tipped to keep regulation pre-eminence
Maxine Wernick - Monday, 18 July 2016

Events - General
London Fraud Forum
Maxine Wernick - Friday, 15 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 - Cards and Payments
105 card fraud syndicate suspects arrested
Maxine Wernick - Friday, 08 July 2016

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

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

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

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

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

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

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

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

News - Cybercrime
Swift attack cases mount
Administrator - Wednesday, 29 June 2016

News - Investigations
Brazil indicts Cunha for laundering
Maxine Wernick - Thursday, 23 June 2016

News - Cybercrime
140 attempts to hack Fed in 5 years
Maxine Wernick - Thursday, 02 June 2016

News - Regulation
FCA appoints permanent SIWS director of supervision
Maxine Wernick - Friday, 03 June 2016

News - Cybercrime
Hacking gang accused of stealing US$45m
Maxine Wernick - Monday, 06 June 2016

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

News - Court cases
HSBC pays US$1.575bn to settle share price lawsuit
Maxine Wernick - Friday, 17 June 2016

News - Regulation
FCA fines on individuals double
Maxine Wernick - Monday, 20 June 2016

News - Investigations
Brazil indicts Cunha for laundering
Maxine Wernick - Thursday, 23 June 2016

News - Cybercrime
NATO recognises cyberspace as new frontier for war
Maxine Wernick - Wednesday, 15 June 2016

News - Regulation
Treasury defends interview process for FCA's Bailey
Maxine Wernick - Wednesday, 15 June 2016

News - Cybercrime
Swift attack cases mount
Administrator - Wednesday, 29 June 2016

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

News - Investigations
Whistleblower gets US$17m
Maxine Wernick - Thursday, 09 June 2016

News - Cybercrime
SWIFT security doubts as more attacks emerge
Maxine Wernick - Wednesday, 01 June 2016

News - Investigations
Beneficial owner secrecy "worrying" for banks
Maxine Wernick - Thursday, 02 June 2016

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

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

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

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

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

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

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 ...

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 ...

 
     
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