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26 APRIL 2018
Keep up to date with developments in fraud and money laundering compliance, regulation and developments. Only £295 for a full year's access and six printed newsletters.

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Wednesday, 25 April 2018

37% of FS firms to miss GDPR deadline
Managed services counts for biggest share of compliance expenditure Read more ...

 
     

Latest feature
     
 
Final agreement on Fifth AML Directive proposals

- Consensus on anti-money laundering amendments including prepaid cards and virtual currencies
- The major provisions affecting banks
- Patchy adoption of Fourth AML Directive across EU
- Timeline for adoption of AMLD5



Read more ...
 
     
 
Don't miss
     
  IN THE LATEST EDITION OF FRAUD WATCH
COMPLIANCE: Regulators 'unfairly' targeting compliance officers
EU FIFTH AML DIRECTIVE:
The 5 key implications for banks
CRIMINAL FINANCES ACT:
HMRC to make first prosecutions
BANK FINES:
Five US banks among Top 10 most fined
CYBERCRIME:
Financial services attacks triple in 5 years
MALWARE:
Mining rises up list of threats
FCPA:
Act may be extended to cover more cases.

ASSET FREEZING:
MEPs approve new rules


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 Latest news 
 
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News - InvestigationsFriday, 20 April 2018

NY authorities launch crypto platform probe
Investigation seeks greater transparency in sector
Read more ...

News - Money launderingWednesday, 18 April 2018

Nearly fifth of estate agents get AML fines
New regulations leave manyout of compliance
Read more ...

News - ResearchTuesday, 17 April 2018

Processors reveal top payment concerns of merchant clients
Value added services such as fraud prevention used to attract more merchants Read more ...

News - Court casesMonday, 16 April 2018

Microsoft engineer charged with ransomware attacks
Money alleged to have been laundered through digital currency Read more ...

News - InvestigationsFriday, 13 April 2018

Regulator warns of widespread cryptocurrency investment frauds
Promoters failing to disclose sufficient details to investors Read more ...

article thumbnail News - InvestigationsWednesday, 11 April 2018

SFO appoints interim director
Permanent incumbent has been found but cannot take up post immediately Read more ...

News - InvestigationsTuesday, 10 April 2018

Gang used Bitcoin used to help launder over Eur8m
Cryptocurrencies increasingly utilised by crime groups, warns Europol Read more ...

News - CybercrimeMonday, 09 April 2018

Arrest after thousands of Polish ransomware attacks
Suspect faces 181 charges Read more ...

article thumbnail News - Cards and PaymentsFriday, 06 April 2018

India cracks down on VCs and payments storage
Measures follow concerns over security and regulatory supervision Read more ...

News - ResearchThursday, 05 April 2018

US$670m lost to crypto hacks and scams in 2018
One ICO accounts for quarter of all losses since 2011 Read more ...

News - Investigations
NY authorities launch crypto platform probe
Maxine Wernick - Friday, 20 April 2018

News - Money laundering
Nearly fifth of estate agents fined for AML breaches
Maxine Wernick - Wednesday, 18 April 2018

News - Research
Processors reveal top payment concerns of merchant clients
Maxine Wernick - Tuesday, 17 April 2018

News - Court cases
Microsoft engineer charged with ransomware attacks
Maxine Wernick - Monday, 16 April 2018

News - Investigations
Regulator warns of widespread cryptocurrency investment frauds
Maxine Wernick - Friday, 13 April 2018

News - Investigations
SFO appoints interim director
Maxine Wernick - Wednesday, 11 April 2018

News - Investigations
Gang used Bitcoin used to help launder over Eur8m
Maxine Wernick - Tuesday, 10 April 2018

News - Cybercrime
Arrest after thousands of Polish ransomware attacks
Maxine Wernick - Monday, 09 April 2018

News - Cards and Payments
India cracks down on VCs and payments storage
Maxine Wernick - Friday, 06 April 2018

News - Research
US$670m lost to crypto hacks and scams in 2018
Maxine Wernick - Thursday, 05 April 2018

News - Cybercrime
New malware targets crypto and digital currencies
Maxine Wernick - Wednesday, 04 April 2018

News - Regulation
South Africa overhauls regulatory system
Maxine Wernick - Wednesday, 04 April 2018

News - Regulation
Barclays agrees US$2m penalty
Maxine Wernick - Tuesday, 03 April 2018

News - Cybercrime
Facebook passwords sold for a pittance on the Dark Web
Maxine Wernick - Wednesday, 28 March 2018

News - Court cases
Senate passes bill to repeal parts of Dodd-Frank
Maxine Wernick - Tuesday, 27 March 2018

News - Research
Five European banks among top 10 most fined
Maxine Wernick - Tuesday, 27 February 2018

News - Investigations
Two held in France over major CEO fraud
Maxine Wernick - Monday, 05 March 2018

News - Regulation
Regulator warns of action against law firms
Maxine Wernick - Thursday, 08 March 2018

News - Investigations
Malta bank boss arrested over US sanctions breaking
Maxine Wernick - Thursday, 22 March 2018

News - Regulation
DoJ may extend FCPA guidance on corporate disclosure
Maxine Wernick - Monday, 12 March 2018

News - Investigations
Europol appoints new executive director
Maxine Wernick - Friday, 16 March 2018

News - Cybercrime
Facebook passwords sold for a pittance on the Dark Web
Maxine Wernick - Wednesday, 28 March 2018

News - Research
Financial services firms lose US$2.67 for each US$1 of fraud
Maxine Wernick - Monday, 19 March 2018

News - Regulation
Banking optimism levels plummet after new regulations
Maxine Wernick - Monday, 26 March 2018

News - Court cases
Senate passes bill to repeal parts of Dodd-Frank
Maxine Wernick - Tuesday, 27 March 2018

News - Company news
Steward Bank rolls out tech to combat cyber-fraud
Maxine Wernick - Tuesday, 20 March 2018

News - Investigations
Gang used Bitcoin used to help launder over Eur8m
Maxine Wernick - Tuesday, 10 April 2018

News - Research
US$670m lost to crypto hacks and scams in 2018
Maxine Wernick - Thursday, 05 April 2018

News - Cybercrime
Arrest after thousands of Polish ransomware attacks
Maxine Wernick - Monday, 09 April 2018

News - Court cases
Microsoft engineer charged with ransomware attacks
Maxine Wernick - Monday, 16 April 2018

News - Regulation
Barclays agrees US$2m penalty
Maxine Wernick - Tuesday, 03 April 2018

News - Research
Processors reveal top payment concerns of merchant clients
Maxine Wernick - Tuesday, 17 April 2018

News - Investigations
Regulator warns of widespread cryptocurrency investment frauds
Maxine Wernick - Friday, 13 April 2018

News - Money laundering
Nearly fifth of estate agents fined for AML breaches
Maxine Wernick - Wednesday, 18 April 2018

News - Regulation
Crypto exchange partners with bank for Faster Payments access
Maxine Wernick - Wednesday, 14 March 2018

article thumbnail Features - Data securityThursday, 30 November 2017

Banks must change data policies post-Equifax
The Equifax data breach is in a class of its own. It compromised the personal data of 145 million people, equivalent to half the US population. The seriousness is exacerbated by the breadth of information stolen including names, Social Security numbers, birth dates, addresses, some driver’s licence numbers and 209,000 credit card numbers.

Why does Equifax hold so much data? Read more ...

article thumbnail Features - Data securityWednesday, 22 November 2017

Bank fraud & compliance teams face aftershocks from Equifax breach
The recent massive Equifax data breach is in a class of its own. In the new issue of Fraud Watch we ask industry experts about the repercussions for those of you working in fraud, compliance and AML. What new attacks and threats are your organisation likely to face, and what preventive actions must you take?
We are here to help you navigate this challenging environment.
Subscribe to Fraud Watch today Read more ...

Features - ComplianceWednesday, 15 November 2017

Articles in the latest 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

Read more ...

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 ...

 
     
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