frame_main_header_title
  Home / Advanced Search frame_main_breadcrumb_about frame_main_breadcrumb_contact    
 
23 JANUARY 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.

Subscribe now

Search
Search Only:

Search Keyword

Total: 2718 results found.

Page 1 of 28
Spectre and Meltdown problems persist Patches to resolve processor vulnerabilities cause new problems The ongoing problems with the Spectre and Meltdown computer microprocessor bugs are continuing, ...
Friday, 19 January 2018
Businesses urged to stop capturing payment card data Cybercriminals increasingly targeting retail card data Companies must step-up protection so sensitive customer payment data does not enter their ...
Thursday, 18 January 2018
Global cyberattacks surge by 100% in two years Bots now make up 90% of activity on some retail sites The number of cyberattacks around the world doubled to 700 million in the last two years. ...
Tuesday, 16 January 2018
Corporate fraud hits 15-year high Fraud in financial sector increases dramatically The total value of corporate fraud in the UK has risen by 538% to £2.11bn in the last 15 years and is up 6.5% ...
Monday, 15 January 2018
FINRA sets out priorities as Citgroup fined again! Earlier US$70m fine from OCC for failing to follow its checklist Fraud, high-risk firms and brokers, operational and financial risks including ...
Thursday, 11 January 2018
6. PwC banned from India
(News/Regulation)
PwC banned from India Sanction for failures in Satyam case Indian regulators have banned PwC from editing listed companies in the country for two years for failing to spot a massive fraud at IT company ...
Thursday, 11 January 2018
Citigroup pays US$11.5m to settle share mis-information case Inaccuracies due to glitches in electronic data feed Citigroup Global Markets Inc (CGMI) has been ordered to pay a total of US$11.5m for ...
Thursday, 11 January 2018
Carphone Warehouse fined 400,000 for data breach Post Mays GDPR implementation, it could have been £400m Carphone Warehouse has been fined a joint-record £400,000 by the UKs data watchdog, after rudimentary ...
Wednesday, 10 January 2018
Equifax hack prompts US bill to impose heavy data breach fines Proposal before the Senate today Two top Senate Democrats are seeking broad new powers for the US government to impose heavy fines on ...
Wednesday, 10 January 2018
10. 32% apply for a job as a money mule
(News/Money laundering)
32% would apply for a job as a money mule Banks fake ad convinces job hunters to apply One third (32%) of 2,000 people targeted by a fake job advert were persuaded to apply for a job as a money ...
Wednesday, 10 January 2018
Western Union fined for compliance failures Regulator issues penalty for failures over eight-year period Western Union has been fined US$60m for compliance failures and violations of bank secrecy ...
Tuesday, 09 January 2018
12. Threat to close online casinos
(News/Court cases)
Threat to close online casinos Regulator may withdraw licences over ML concerns The UK Gambling Commission has written to all 195 online casino operators to raise concerns about the sectors approach ...
Monday, 08 January 2018
13. New FCA chair named
(News/Regulation)
New FCA chair named Financial crisis lawyer also takes over at Payment Systems Regulator Charles Randell has been appointed as the chair of the Financial Conduct Authority (FCA), effective from April ...
Friday, 05 January 2018
Big Four auditor found negligent in US$2bn fraud Ruling paves opens up potentially massive damages payout A US judge has ruled that auditor PWC was negligent in failing to detect a US$2bn fraud ...
Thursday, 04 January 2018
Seismic changes as MiFID II arrives - Financial reporting requirements bring major compliance challenges The five key areas affecting financial markets The MiFID II financial markets directive came ...
Wednesday, 03 January 2018
Lawyer emerges as favourite to chair FCA Current boss departs in March Charles Randell is reportedly favourite to become the next chairman of the Financial Conduct Authority (FCA). Randell, a ...
Tuesday, 02 January 2018
GDPR golden nugget Today: How online retailers will be affected The EU General Data Protection Regulation (GDPR) comes into force on 25 May 2018 and will impact on the data handling practices of every ...
Friday, 29 December 2017
GDPR golden nugget Today: A data compliance checklist The EU General Data Protection Regulation (GDPR) comes into force on 25 May 2018 and will impact on the data handling practices of every company in ...
Thursday, 28 December 2017
GDPR golden nugget Today: The data compliance implications The EU General Data Protection Regulation (GDPR) comes into force on 25 May 2018 and will impact on the data handling practices of every  ...
Wednesday, 27 December 2017
Law firms vulnerable to spoof emails Almost all legal companies email systems are vulnerable to email fraud, according to a new security report. 2017 has seen a big rise in impersonation frauds, ...
Wednesday, 27 December 2017
The top 10 fraud stories of 2017 See the most read stories on the Fraud Watch website this year 1. AML requirements: Are the stakes increasing? (March 30) 2. BofE warns it will go after lenders ...
Friday, 22 December 2017
GDPR golden nugget Today: Sending data to a mailing house The EU General Data Protection Regulation (GDPR) comes into force on 25 May 2018 and will impact on the data handling practices of every company ...
Friday, 22 December 2017
US bank freezes US$22bn in Kazakhstan assets Central bank launches counter-suit against bank The Bank of New York Mellon is reported to have frozen US$22bn in Kazakhstan state funds. The oil-generated ...
Thursday, 21 December 2017
Only 10% of EU suspicious transaction reports are investigated Two countries account for over 65% of STRs Although the overall number of suspicious transaction reports (STRs) in the European Union ...
Wednesday, 20 December 2017
Cryptocurrency exchange files for bankruptcy Administrators called in after second cyber-attack this year South Korean cryptocurrency exchange Youbit is filing for bankruptcy after losing 17% of ...
Tuesday, 19 December 2017
Nigeria sues JP Morgan for laundering losses Suit alleges compliance failures at bank The Nigerian government is suing US bank JP Morgan for US$875m over its alleged failure to block payments made ...
Monday, 18 December 2017
Individual prosecutions must accompany DPAs Scare resources could threaten court cases, claims anti-corruption group Individuals involved in corporate corruption should be prosecuted, even when ...
Friday, 15 December 2017
New economic crime centre threatens SFO independence Fears government could decide which cases are investigated The immediate future of the Serious Fraud Office seems assured, with the government ...
Thursday, 14 December 2017
Banks forced to reveal more details on security incidents New rules for customers come into effect from August 2018 New rules will require UK banks to reveal to customers how many times they have ...
Wednesday, 13 December 2017
Major banks adopt isolation web browsing JP Morgan leads US$40m investment round in malware blocker A number of major global banks have gone public on their use of isolation web browsing ...
Wednesday, 13 December 2017
Lack of international cooperation hinders anti-corruption efforts - Developed countries must do more, says Nigerian legal chief - Swiss agree to repatriate last of stolen Abacha assets   The fight ...
Tuesday, 12 December 2017
32. Ghana gets special prosecutor to fight corruption
(News/Bribery and corruption)
Ghana gets special prosecutor to fight corruption Appointee will be independent of government control The parliament in Ghana has approved plans for a Special Prosecutor with powers to take action ...
Thursday, 07 December 2017
Philippines bank officials suspended over US$35m fraud FI ordered to set aside US$100m in capital The Philippine central bank has suspended directors and officials at Metropolitan Bank & Trust ...
Tuesday, 05 December 2017
Big Data is transforming our compliance Credit Suisse Bank also deploys robots to carry out repetitive tasks Credit Suisse says a new technology platform is transforming its compliance and driving ...
Friday, 01 December 2017
Australia to investigate bank misbehaviour Announcement after Big Four withdraw opposition to enquiry The Australian Government is setting up a Royal Commission to investigate the alleged misconduct ...
Thursday, 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 ...
Thursday, 30 November 2017
159 arrests in global action against money muling Fifty-nine money mule organisers identified One hundred and fifty-nine people have been arrested as a result of European Money Mule Action (EMMA3), ...
Wednesday, 29 November 2017
38. DT Fraud Conference 2018
(Events/General)
10-11 April 2018 DT Fraud Conference 2018 Grange Hotel Tower Bridge, London How to be the best in class in fighting financial crime Financial crime and risk management in retail, payments and banking. ...
Wednesday, 29 November 2017
5-6 March 2018 FINSEC Banking Security Summit Dubai, UAE The second edition of FINSEC The Banking Security Summit will bring together leading decision makers and solution providers to share case ...
Tuesday, 28 November 2017
EC sets bank deadline for delayed PSD2 standards Schedule for standards on strong customer authentication and third party access to bank data Banks will have 18 months to meet the finalised PSD2 ...
Tuesday, 28 November 2017
Currencycloud names new compliance and MLRO boss Former Lebara executive joins International payments platform Currencycloud has appointed Tanya Ziv as chief compliance officer and money laundering ...
Monday, 27 November 2017
Regulatory change is biggest compliance challenge 22 bank COs gives views in survey by regulator The volume, pace and complexity of regulatory change is the biggest challenge facing bank compliance ...
Friday, 24 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 ...
Wednesday, 22 November 2017
Blockchain token for AML/CFT compliance Product determines risk of others in network Blockchain AML/CTF and compliance company Coinfirm  is releasing a dedicated token, AMLT, designed to help market ...
Tuesday, 21 November 2017
45. Bankers behind 67% of frauds
(News/Research)
Bankers behind 67% of frauds Figures on fraudulent use of alternate deliver channels in Bangladesh Bankers are involved, solely or in collusion with others, in 67% of Bangladesh bank frauds that ...
Monday, 20 November 2017
Singapore port fuel company charged with fraud Country cracks down on illicit bunkering industry conduct Singapore-based Vermont Bunkering and three former senior employees have been charged with ...
Friday, 17 November 2017
47. UBS claims 74% fraud cut using AI
(News/Company news)
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. UBS, which processes roughly 25% of the credit cards ...
Friday, 17 November 2017
US bans Chinese bank for North Korea links Banks warned over rogue state schemes to avoid sanctions The Treasury Department has banned Bank of Dandong from the US financial system, claiming that the ...
Thursday, 16 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? ...
Wednesday, 15 November 2017
Banks form company to manage third party risk Major institutions pool expertise to address escalating challenges A consortium of major US banks and payments companies has formed a new company to ...
Wednesday, 15 November 2017
Deutsche Bank names new head of global legal team Compliance and governance boss promoted to role Deutsche Bank has appointed Florian Drinhausen, chief compliance officer and head of global governance, ...
Tuesday, 14 November 2017
Europol boss warns of growing cyberthreats to banks Gangs evolving into conglomerates The technological capability of cybercriminals now threatens critical parts of the financial sector, the head ...
Friday, 10 November 2017
EBA sets out schedule for PSD2 fraud standards Timeline after closure of consultation period The European Banking Authority says the new PSD2 fraud reporting standards will become binding for ...
Friday, 10 November 2017
Misspending public money is top fraud risk area Danger from pre-Brexit rush for grant Misspending government funding is the top risk area for fraud today. Almost half (48%) of accountants ...
Thursday, 09 November 2017
Saudi banks in massive anti-corruption crackdown More than 1,200 accounts worth US$33bn frozen  Banks in Saudi Arabia have frozen more than 1,200 accounts belonging to individuals and companies as ...
Wednesday, 08 November 2017
Banks to be more liable for push payments fraud New proposals would require customers to be compensated Banks would have greater liability for compensating customers who fall victim to push payment ...
Tuesday, 07 November 2017
Pivotal moment as PSD2 fraud reporting consultation closes Banks and PSPs must be compliant by January 13 The European Banking Authority (EBA) has closed its consultation period on fraud reporting ...
Monday, 06 November 2017
Hackers use new Trojan to attack banks FIs in Russia, Malaysia and Armenia affected Hackers are using a new Trojan called Silence against financial institutions in Russia, Malaysia and Armenia. ...
Friday, 03 November 2017
59. Lloyds introduces ’scam blocker’
(News/Cards and Payments)
Lloyds introduces scam blocker System to combat APP fraud trend Lloyds Banking Group has introduced a new online scam-blocker to help customers fight the rising trend of Authorised Push Payment ...
Thursday, 02 November 2017
60. Low key Trojan steals US$140K in bitcoin
(News/Cards and Payments)
Low key Trojan steals US$140K in bitcoin Virtual currency payments diverted from intended destination An under the radar Trojan has stolen US$140,000 (equivalent to 23 bitcoin) by diverting bitcoin ...
Thursday, 02 November 2017
Equifax faces deluge of class action suits Former CEO blames one employee for breach More than 70 class action lawsuits have been filed against Equifax since the credit reporting company revealed ...
Wednesday, 01 November 2017
Europol launches online investigations platform Initiative to share knowledge and tools to combat digitally-enabled crimes Europol has launched the SIRIUS platform to address the current challenges ...
Tuesday, 31 October 2017
63. IFINTEC 2018
(Events/General)
8-9 May 2018 IFINTEC Finance Technologies Conference and Exhibition Istanbul IFINTEC is a global conference which is one of the biggest and most important conferences in EMEA region on Retail Banking, ...
Tuesday, 31 October 2017
Deutsche Börse CEO resigns over insider trading claims Stock exchange starts search for new boss Carsten Kengeter, CEO of the Deutsche Börse, is to step down at the end of 2017 after he was accused ...
Monday, 30 October 2017
DOJ reviewing future of financial fraud task force Department looks to reduce un-needed regulation The US Department of Justice is considering major changes to the 8-year-old Financial Fraud Enforcement ...
Thursday, 26 October 2017
66. Charity coalition combines to fight fraud
(News/Public sector fraud)
Charity coalition combines to fight fraud Second Charity Fraud Awareness Week gets underway Charity industry stakeholders have joined forces to make the sector more resilient to fraud. The second ...
Monday, 23 October 2017
Former top Rio Tinto execs charged Company also accused in asset fraud case Mining company Rio Tinto and two of its former top executives have been charged with fraud for inflating the value of coal ...
Thursday, 19 October 2017
Hackers switch focus from banks to cryptocurrencies Sate-sponsored attacks on infrastructure n increasing threat to FIs Hackers are moving their efforts from banks to the cryptocurrency industry ...
Friday, 13 October 2017
69. Taiwan beefs up financial crime controls
(News/Money laundering)
Taiwan tries to shake off reputation as laundering haven Increased emphasis on confiscation brings success in AML efforts Taiwan is increasing its efforts in the confiscation of proceeds of crime ...
Thursday, 12 October 2017
70. Five arrested over Venezuela fraud claims
(News/Bribery and corruption)
Five arrested over Venezuela fraud claims US$200m alleged to have been embezzled from state oil firm Venezuelan authorities have arrested five directors of state-owned oil firm Petroleos de Venezuela ...
Wednesday, 11 October 2017
Russian courts helping to legalise proceeds of corruption Oligarchs can use local trials to block allegations International efforts to tackle corruption originating from Russia are being ...
Monday, 09 October 2017
Rio Olympics boss arrested for fraud and corruption Alleged vote buying to win Games The president of the 2016 Rio Olympic Games has been arrested on charges of corruption, fraud and money laundering. ...
Friday, 06 October 2017
Featurespace raises £16.5m to drive international growth Worldpay and Invoke Capital are investors Machine learning fraud prevention company Featurespace has raised £16.5m (US$21.6m) from a funding ...
Thursday, 05 October 2017
74. Banks warned about corrupt Venezuelan money flows
(News/Bribery and corruption)
Banks warned about corrupt Venezuelan money flows Advisory sets out red flags to look for The US Financial Crimes Enforcement Network (FinCEN) has issued an advisory alerting financial institutions ...
Wednesday, 04 October 2017
75. Equifax breach worse than suspected
(News/Data security)
Equifax breach worse than suspected US numbers increased, Canadians downgraded Credit reporting company Equifax now says that the data of 145.5 million US citizens was compromised in the breach ...
Tuesday, 03 October 2017
SEC makes first initial coin offering charges Businessman and two companies accused of selling non-existent digital coins The Securities and Exchange Commission has charged a businessman and two ...
Monday, 02 October 2017
CEO and COO of collapsed oil giant charged Pair stand trial over Nigeria business deals The ex-CEO and COO of former FTSE 250 oil and gas exploration company Afren face money laundering and fraud ...
Wednesday, 27 September 2017
78. Equifax CEO steps down
(News/Data security)
Equifax CEO steps down Company initiates search for new boss after massive data breach Richard Smith has left his role as chairman and CEO of Equifax after 12 years following the massive data breach ...
Tuesday, 26 September 2017
79. Seven convictions in Bertling case
(News/Bribery and corruption)
Seven convictions in Bertling corruption case Company and senior executives admitted Angola charges Freight and logistics company F.H. Bertling and six of its current and former employees have ...
Tuesday, 26 September 2017
SEC sets up Cyber Unit to protect investors Initiative targets range of cyber-related misconduct The Securities and Exchange Commission has created a new Cyber Unit that will focus on targeting cyber-related ...
Tuesday, 26 September 2017
The six criminal types driving money laundering Alert on what businesses should look out for There are six types of criminal that drive the US$2 trillion a year global money laundering industry. ...
Monday, 25 September 2017
82. Data breaches rocket by 164%
(News/Research)
Data breaches rocket by 164% ID theft and poor internal security practices blamed There were 918 data breaches worldwide in the first half of 2017, leading to 1.9 billion data records being compromised. ...
Friday, 22 September 2017
US regulator reveals it was hacked Intrusion may have enabled illicit trades The Securities and Exchange Commission says its systems have been hacked, and that the attackers may have had access ...
Thursday, 21 September 2017
84. Call for global measure of economic crime
(News/Bribery and corruption)
Call for global measure of economic crime UN ''best placed' to set up central reporting centre A global measure of economic crime should be set up to improve international efforts at tackling the ...
Wednesday, 20 September 2017
European banks fined ten times more than US counterparts Top 10 European banks have paid US$13.25bn in fines to US regulators since 2012 European banks are under disproportional enforcement ...
Tuesday, 19 September 2017
Equifax latest: Criminal investigation into breach Senators propose new data law following revelations The US Department of Justice has launched a criminal investigation into the sale of shares by ...
Tuesday, 19 September 2017
Equifax security chiefs depart after breach Patch failure helped enable intrusion UK customer data compromised due to process failure Equifax says its chief security officer and chief information ...
Monday, 18 September 2017
Should civil and criminal fraud cases be combined? QC wants new fraud courts to fight a war we are not winning Combined courts that hear criminal and civil fraud cases at the same time could help ...
Friday, 15 September 2017
89. State corruption: Stop asset theft at source
(News/Bribery and corruption)
State corruption: Stop asset theft at source More focus should be placed on integrity of local banks Efforts at stopping state corruption in developing countries should put greater focus on ...
Wednesday, 13 September 2017
90. Is bitcoin “a fraud”?
(News/Technology)
Is bitcoin a fraud? Bank CEO says he would dismiss any trader dealing in it Some interesting comments this week from JPMorgan Chase CEO Jamie Dimon, who says bitcoin is a fraud and that he ...
Wednesday, 13 September 2017
Law enforcement and banks plan global information sharing structure UK, Singapore and US agencies combine efforts The success of the JMLIT financial crime data sharing initiative between law enforcement ...
Tuesday, 12 September 2017
92. Analysing the Equifax breach
(News/Data security)
Analysing the Equifax breach 143 million Americans and 44 million Brits have details stolen A data security breach is bad news for any company, but when it happened to Equifax, which makes its living ...
Tuesday, 12 September 2017
93. Cambridge story menu
(Cambridge-Symposium/Canbridge-Symposium)
EXCLUSIVE STORIES AND FEATURES FROM THE CAMBRIDGE ECONOMIC CRIME SYMPOSIUM 2017 Taiwan beefs up financial crime controls Increased emphasis on confiscation brings success Read here Russian trials helping ...
Monday, 11 September 2017
94. France plugs anti-corruption gaps with DPAs
(News/Bribery and corruption)
France plugs anti-corruption gaps with DPAs New law will enable "tough" corporate penalties The decision to introduce Deferred Prosecution Agreements (DPAs) in France will make it harder for companies ...
Monday, 11 September 2017
Company liability for lack of fraud prevention still under discussion Solicitor general discusses proposal at Cambridge conference With the news that the action against three Tesco senior managers for ...
Friday, 08 September 2017
Tesco fraud trial adjourned as Serious Fraud Office argues case for DPAs DPAs bring in £1m per SFO employee - claim The trial of three former Tesco directors accused of fraud in relation to the supermarket's ...
Friday, 08 September 2017
97. ECB imposes first bank fine
(News/Regulation)
ECB imposes first bank fine Central bank flexes regulatory muscles The European Central Bank has issued its first fine since taking over regulation of banks in the eurozone in 2014. The ECB has ...
Monday, 04 September 2017
Fraud Watch at the 35th Cambridge Economic Crime Symposium For six intense days, 4,000 professionals from across the globe will gather at the Cambridge Economic Crime Symposium in the UK. Fraud Watch ...
Thursday, 31 August 2017
99. PCI security failures stick at 50%
(News/Data security)
PCI security failures stick at 50% No compliant company has ever suffered a data breach Despite stringent Payment Card Industry (PCI) rules, nearly half of companies recently assessed are failing to ...
Thursday, 31 August 2017
Samsung vice-chairman appeals jail term Billionaire found guilty of bribery Samsung Electronics vice chairman Jay Y. Lee intends to appeal the five-year jail term he has been given for bribery and other ...
Wednesday, 30 August 2017
«StartPrev12345678910NextEnd»
Do you have a fraud early warning system? SUBSCRIBE to keep informed of the latest card, financial fraud and money laundering issues.

Fraud links