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19 AUGUST 2017
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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, 18 August 2017

Regulators targeting smaller institutions
Personal liability adds to ‘brewing storm’ in KYC Read more ...

 
     

Latest feature
     
 
De-risking threat to financial integrity

- FATF and G7 call for more balance to resolve contentious issue that threatens both inclusion and security of the financial system
- Number of affected entities is huge

Faced with increasing AML penalties and compliance costs in business areas such as remittances and charities, some banks have chosen to stop offering services to clients in these sectors.
Read more ...
 
     
 
Don't miss
     
  IN THE LATEST PRINTED EDITION OF FRAUD WATCH
De-risking: G7 and FATF tackle practice that threatens both financial inclusion and integrity
Tax evasion: New international treaty requires FIs to share account details
Money laundering: New rules impact senior managers as well as FS firms
Risk: BofE warns it will go after lenders that cut corners
Money laundering: 5AMLD bring five major changes that will impact financial instututions
RegTech: Geopolitical risks cause spike in investement
Compliance: COs charged with insider dealing and SARs violations
Payments fraud: Massive CNP jump in Europe fraud figures

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 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
News - RegulationFriday, 18 August 2017

Australia to regulate digital currencies
Regulator to be given increased powers Read more ...

article thumbnail News - ComplianceThursday, 17 August 2017

Compliance officers face increasing domestic threat
Rise of eCommerce, drug trafficking and homegrown terror requires change of focus Read more ...

News - ComplianceThursday, 17 August 2017

Senior Managers Régime having “positive effect”
Compliance professionals upbeat, despite job becoming more difficult Read more ...

News - TechnologyWednesday, 16 August 2017

Payments fraud outsourcing model from ai
Tech firm will be fully liable for any fraud losses
Read more ...

News - InvestigationsMonday, 14 August 2017

Bank CEO to stand down after ML claims
Australian boss announces retirement Read more ...

News - ComplianceFriday, 11 August 2017

Oilfield firm sets up compliance and ethics committee
Move amid ongoing SFO bribery and corruption investigation
Read more ...

News - TechnologyThursday, 10 August 2017

Partnership to tackle application fraud
Companies link technologies to fight ‘escalating’ problem Read more ...

News - TechnologyWednesday, 09 August 2017

Predictive analytics ID verification firm raises US$13.9m
Platform uses AI and machine learning techniques Read more ...

article thumbnail News - Money launderingTuesday, 08 August 2017

Denmark told to improve AML system
Laundering and terror financing counter-measures are ‘weak’ Read more ...

News - TechnologyTuesday, 08 August 2017

Value of AIM listed tech continues to grow
21.3% increase from start of year despite Brexit Read more ...

News - Regulation
Australia to regulate digital currencies
Maxine Wernick - Friday, 18 August 2017

News - Compliance
Compliance officers face increasing domestic threats
Maxine Wernick - Thursday, 17 August 2017

News - Compliance
Senior Managers Régime having “positive effect”
Maxine Wernick - Thursday, 17 August 2017

News - Technology
ai launches payments fraud outsourcing model
Maxine Wernick - Wednesday, 16 August 2017

News - Investigations
Bank CEO to stand down after ML claims
Maxine Wernick - Monday, 14 August 2017

Events - General
Cambridge International Symposium on Economic Crime
Maxine Wernick - Friday, 11 August 2017

News - Compliance
Oilfield firm sets up compliance and ethics committee
Maxine Wernick - Friday, 11 August 2017

News - Technology
Partnership to tackle application fraud
Maxine Wernick - Thursday, 10 August 2017

News - Technology
Predictive analytics ID verification firm raises US$13.9m
Maxine Wernick - Wednesday, 09 August 2017

News - Money laundering
Denmark told to improve AML system
Maxine Wernick - Tuesday, 08 August 2017

News - Technology
Value of AIM listed tech continues to grow
Maxine Wernick - Tuesday, 08 August 2017

News - Cybercrime
PhD student wins retail cybersecurity prize
Maxine Wernick - Monday, 07 August 2017

News - Cards and Payments
Ransomware ‘hero’ arrested in US
Maxine Wernick - Friday, 04 August 2017

News - Investigations
Israel PM under investigation for bribery and fraud
Maxine Wernick - Friday, 04 August 2017

News - Company news
Mobile ID scoring firm raises US$40m
Maxine Wernick - Friday, 04 August 2017

News - Investigations
China banks embroiled in overseas ML scandals
Maxine Wernick - Thursday, 03 August 2017

News - Technology
Privitar gets major Series A funding
Maxine Wernick - Wednesday, 02 August 2017

News - Technology
Nasdaq buys RegTech startup
Maxine Wernick - Wednesday, 02 August 2017

News - Technology
MIT deploys machine learning to fight fraud
Maxine Wernick - Tuesday, 01 August 2017

News - Cards and Payments
US consumers fear bank and ID fraud more than terrorist attacks
Maxine Wernick - Monday, 31 July 2017

News - Regulation
Singapore firm fined US$12m for Iran violations
Maxine Wernick - Friday, 28 July 2017

News - Regulation
Senior Managers régime extended to almost all regulated firms
Maxine Wernick - Thursday, 27 July 2017

News - Cybercrime
Ransomware encounters up by 11.4%
Maxine Wernick - Wednesday, 26 July 2017

News - Company news
Nasdaq buys behavioural analytics provider
Maxine Wernick - Tuesday, 25 July 2017

News - Investigations
Largest global ’dark market’ closed down
Maxine Wernick - Monday, 24 July 2017

Events - General
RegTech Summit Europe
Maxine Wernick - Friday, 21 July 2017

Events - General
Conduct Risk
Maxine Wernick - Friday, 21 July 2017

Events - General
Cyber London Conference
Maxine Wernick - Friday, 21 July 2017

Events - General
London Fraud Forum
Maxine Wernick - Friday, 21 July 2017

Events - General
Big Cyber Security Show
Maxine Wernick - Friday, 21 July 2017

News - Research
Fraud now officially the most commonly experienced offence in the UK
Administrator - Thursday, 20 July 2017

News - Compliance
Compliance officer charged for SAR violations
Maxine Wernick - Thursday, 22 June 2017

News - Cards and Payments
Leumi Card uses AI to fight fraud
Maxine Wernick - Monday, 26 June 2017

News - Regulation
New AML rules will impact senior managers as well as FS firms
Maxine Wernick - Monday, 26 June 2017

News - Cards and Payments
76 held in international eCommerce fraud crackdown
Maxine Wernick - Wednesday, 21 June 2017

News - Risk
BofE warns it will go after lenders cutting corners on risk
Maxine Wernick - Tuesday, 11 July 2017

News - Research
Massive CNP jump in annual payments fraud figures
Administrator - Friday, 07 July 2017

News - Money laundering
73% say 4AMLD will make it easier to prevent laundering
Maxine Wernick - Thursday, 13 July 2017

News - Regulation
GDPR consultancy makes five senior appointments
Maxine Wernick - Tuesday, 11 July 2017

News - Investigations
30 held in ML and drug raids across Europe
Maxine Wernick - Monday, 10 July 2017

News - Company news
Nasdaq buys behavioural analytics provider
Maxine Wernick - Tuesday, 25 July 2017

News - Investigations
Largest global ’dark market’ closed down
Maxine Wernick - Monday, 24 July 2017

News - Regulation
Senior Managers régime extended to almost all regulated firms
Maxine Wernick - Thursday, 27 July 2017

News - Bribery and corruption
Ex Brazil president convicted of corruption
Maxine Wernick - Monday, 17 July 2017

News - Cybercrime
Ransomware encounters up by 11.4%
Maxine Wernick - Wednesday, 26 July 2017

News - Regulation
Singapore firm fined US$12m for Iran violations
Maxine Wernick - Friday, 28 July 2017

News - Money laundering
AML and the combating of terrorism financing
Maxine Wernick - Friday, 30 June 2017

News - Investigations
Israel PM under investigation for bribery and fraud
Maxine Wernick - Friday, 04 August 2017

News - Technology
Partnership to tackle application fraud
Maxine Wernick - Thursday, 10 August 2017

News - Compliance
Oilfield firm sets up compliance and ethics committee
Maxine Wernick - Friday, 11 August 2017

News - Court cases
Barclays Qatar trial set for January 2019
Maxine Wernick - Wednesday, 19 July 2017

article thumbnail Features - ComplianceThursday, 30 March 2017

AML requirements: Are the stakes increasing?
Financial controls for AML continue to rise up the agenda for regulators on both sides of the Atlantic. Financial institutions in Europe must soon comply with the EU’s Fourth AML Directive, and new US regulations mean firms are increasingly required to put in place an ongoing review and improvement approach to AML monitoring.

Colin Bristow of SAS examines what the future holds for financial controls.
Read more ...

article thumbnail Features - ComplianceMonday, 23 January 2017

Rolls-Royce: Finally some bragging rights for the SFO?
The £671m deferred prosecution agreement with the aero engine maker marks a successful end to the Serious Fraud Office’s  biggest ever investigation, argue Kelly Hagedorn and Jessica Veitch of legal firm Jenner & Block. Read more ...

article thumbnail Features - ComplianceFriday, 16 December 2016

2017 Predictions: The year ahead in fraud, compliance & security
The experts tells us about the major risks, threats and challenges for the next 12 months:
- Ransomware, IoT Risks, AML fines, The rise of the SWIFT-heist middlemen, Vigilante hackers, AML5, Nation state hacks Read more ...

article thumbnail Features - ComplianceThursday, 15 December 2016

Regulation rollback under Trump
The impact of the new presidency on:

- Dodd-Frank Act
- Sarbanes-Oxley
- Basel IV capital rules
- US extra-territoriality
- Alternative lenders
- Bank stress tests
- Compliance staff levels Read more ...

article thumbnail Features - CybercrimeFriday, 02 December 2016

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 ...

 
     
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