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18 NOVEMBER 2017
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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  
     
 
Friday, 17 November 2017

Singapore port fuel company charged with fraud
Country cracks down on illicit bunkering industry conduct Read more ...

 
     

Latest feature
     
 
Articles planned for the next printed edition of Fraud Watch


– Equifax: Fraud and AML professionals face aftershocks from massive hack
– Financial regulators under pressure. How can they preserve their independence
– The latest Trojan cyber-threats
– Russian courts used to block foreign corruption allegations - analysis
– The six criminal types that drive money laundering


 
     
 
Don't miss
     
   
     

 
 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
News - Company newsFriday, 17 November 2017

UBS claims 74% fraud cut using AI
Swiss card processor UBS Card Center says it reduced fraudulent transactions by 74% in 2016 using AI technology.
Read more ...

News - Money launderingThursday, 16 November 2017

US bans Chinese bank for North Korea links
Banks warned over rogue state schemes to avoid sanctions Read more ...

News - RiskWednesday, 15 November 2017

Banks form company to manage third party risk
Major institutions pool expertise to address escalating challenges
Read more ...

News - ComplianceTuesday, 14 November 2017

Deutsche Bank names new head of global legal team
Compliance and governance boss promoted to role Read more ...

News - CybercrimeFriday, 10 November 2017

Europol boss warns of growing cyberthreats to banks
Gangs evolving into conglomerates Read more ...

News - RegulationFriday, 10 November 2017

EBA sets out schedule for PSD2 fraud standards
Timeline after closure of consultation period Read more ...

article thumbnail News - Public sector fraudThursday, 09 November 2017

Misspending public money is top fraud risk area
Danger from pre-Brexit rush for grant Read more ...

News - InvestigationsWednesday, 08 November 2017

Saudi banks in massive anti-corruption crackdown
More than 1,200 accounts worth US$33bn frozen  Read more ...

News - Cards and PaymentsTuesday, 07 November 2017

Banks to be more liable for push payments fraud
New proposals would require customers to be compensated Read more ...

News - RegulationMonday, 06 November 2017

“Pivotal moment” as PSD2 fraud reporting consultation closes
Banks and PSPs must be compliant by January 13 Read more ...

News - Company news
UBS claims 74% fraud cut using AI
Maxine Wernick - Friday, 17 November 2017

News - Money laundering
US bans Chinese bank for North Korea links
Maxine Wernick - Thursday, 16 November 2017

News - Risk
Banks form company to manage third party risk
Maxine Wernick - Wednesday, 15 November 2017

News - Compliance
Deutsche Bank names new head of global legal team
Maxine Wernick - Tuesday, 14 November 2017

News - Cybercrime
Europol boss warns of growing cyberthreats to banks
Maxine Wernick - Friday, 10 November 2017

News - Regulation
EBA sets out schedule for PSD2 fraud standards
Maxine Wernick - Friday, 10 November 2017

News - Public sector fraud
Misspending public money is top fraud risk area
Maxine Wernick - Thursday, 09 November 2017

News - Investigations
Saudi banks in massive anti-corruption crackdown
Maxine Wernick - Wednesday, 08 November 2017

News - Cards and Payments
Banks to be more liable for push payments fraud
Maxine Wernick - Tuesday, 07 November 2017

News - Regulation
“Pivotal moment” as PSD2 fraud reporting consultation closes
Maxine Wernick - Monday, 06 November 2017

News - Cybercrime
Hackers use new Trojan to attack banks
Maxine Wernick - Friday, 03 November 2017

News - Cards and Payments
Lloyds introduces ’scam blocker’
Maxine Wernick - Thursday, 02 November 2017

News - Cards and Payments
Low key Trojan steals US$140K in bitcoin
Maxine Wernick - Thursday, 02 November 2017

News - Data security
Equifax faces deluge of class action suits
Maxine Wernick - Wednesday, 01 November 2017

News - Investigations
Europol launches online investigations platform
Maxine Wernick - Tuesday, 31 October 2017

Events - General
IFINTEC 2018
Maxine Wernick - Tuesday, 31 October 2017

News - Insider dealing
Deutsche Börse CEO resigns over insider trading claims
Maxine Wernick - Monday, 30 October 2017

News - Regulation
DOJ reviewing future of Financial Fraud Task Force
Maxine Wernick - Thursday, 26 October 2017

News - Public sector fraud
Charity coalition combines to fight fraud
Maxine Wernick - Monday, 23 October 2017

News - Court cases
Former top Rio Tinto execs charged
Maxine Wernick - Thursday, 19 October 2017

News - Research
Hackers switch focus from banks to cryptocurrencies
Maxine Wernick - Friday, 13 October 2017

News - Money laundering
Taiwan beefs up financial crime controls
Maxine Wernick - Thursday, 12 October 2017

News - Research
European banks fined ten times more than US counterparts
Maxine Wernick - Tuesday, 19 September 2017

News - Data security
Equifax CEO steps down
Maxine Wernick - Tuesday, 26 September 2017

News - Bribery and corruption
Five arrested over Venezuela fraud claims
Maxine Wernick - Wednesday, 11 October 2017

News - Bribery and corruption
Russian trials helping to ‘legalise’ proceeds of corruption
Maxine Wernick - Monday, 09 October 2017

News - Research
Data breaches rocket by 164%
Maxine Wernick - Friday, 22 September 2017

News - Court cases
CEO and COO of collapsed oil giant charged
Maxine Wernick - Wednesday, 27 September 2017

News - Technology
Featurespace raises £16.5m to drive international growth
Maxine Wernick - Thursday, 05 October 2017

News - Data security
Equifax breach worse than suspected
Maxine Wernick - Tuesday, 03 October 2017

News - Bribery and corruption
Call for global measure of economic crime
Maxine Wernick - Wednesday, 20 September 2017

News - Bribery and corruption
Seven convictions in Bertling case
Maxine Wernick - Tuesday, 26 September 2017

News - Court cases
Former top Rio Tinto execs charged
Maxine Wernick - Thursday, 19 October 2017

News - Cybercrime
SEC sets up Cyber Unit to protect investors
Maxine Wernick - Tuesday, 26 September 2017

News - Regulation
SEC makes first initial coin offering charges
Maxine Wernick - Monday, 02 October 2017

News - Investigations
Rio Olympics boss arrested for fraud and corruption
Maxine Wernick - Friday, 06 October 2017

News - Money laundering
The six criminal types driving money laundering
Maxine Wernick - Monday, 25 September 2017

News - Cybercrime
US regulator reveals it was hacked
Maxine Wernick - Thursday, 21 September 2017

News - Public sector fraud
Charity coalition combines to fight fraud
Maxine Wernick - Monday, 23 October 2017

News - Investigations
Equifax latest: Criminal investigation into breach
Maxine Wernick - Tuesday, 19 September 2017

article thumbnail Features - RiskFriday, 21 July 2017

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
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 ...

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 ...

 
     
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