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24 SEPTEMBER 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  
     
 
article thumbnail Friday, 22 September 2017

Data breaches rocket by 164%
ID theft and poor internal security practices blamed 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
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
     
   
     

 
 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
News - CybercrimeThursday, 21 September 2017

US regulator reveals it was hacked
Intrusion may have enabled illicit trades Read more ...

News - Bribery and corruptionWednesday, 20 September 2017

Call for global measure of economic crime
UN ''best placed' to set up central reporting centre Read more ...

article thumbnail News - ResearchTuesday, 19 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 Read more ...

News - InvestigationsTuesday, 19 September 2017

Equifax latest: Criminal investigation into breach
Senators propose new data law following revelations
Read more ...

News - Data securityMonday, 18 September 2017

Equifax security chiefs depart after breach
– Patch failure helped enable intrusion
– UK customer data compromised due to ‘process failure’
Read more ...

article thumbnail News - Court casesFriday, 15 September 2017

Should civil and criminal fraud cases be combined?
QC wants new fraud courts to fight ‘a war we are not winning’ Read more ...

News - Bribery and corruptionWednesday, 13 September 2017

State corruption: Stop asset theft at source
More focus should be placed on integrity of local banks Read more ...

News - TechnologyWednesday, 13 September 2017

Is bitcoin “a fraud”?
Bank CEO says he would dismiss any trader dealing in it Read more ...

News - Money launderingTuesday, 12 September 2017

Law enforcement and banks plan global information sharing structure
UK, Singapore and US agencies combine efforts
Read more ...

article thumbnail News - Data securityTuesday, 12 September 2017

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 by telling customers to use their services to prevent fraud, the fall out was predictable. 
Read more ...

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

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

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

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

Events - General
Big Data Analytics & Effective CEM Strategy in Financial Services World Summit
Maxine Wernick - Tuesday, 19 September 2017

News - Data security
Equifax security chiefs depart after breach
Maxine Wernick - Monday, 18 September 2017

News - Court cases
Should civil and criminal fraud cases be combined?
Maxine Wernick - Friday, 15 September 2017

News - Bribery and corruption
State corruption: Stop asset theft at source
Maxine Wernick - Wednesday, 13 September 2017

News - Technology
Is bitcoin “a fraud”?
Maxine Wernick - Wednesday, 13 September 2017

News - Money laundering
Law enforcement and banks plan global information sharing structure
Maxine Wernick - Tuesday, 12 September 2017

News - Data security
Analysing the Equifax breach
Maxine Wernick - Tuesday, 12 September 2017

Cambridge-Symposium - Canbridge-Symposium
Cambridge story menu
Maxine Wernick - Monday, 11 September 2017

News - Bribery and corruption
France plugs anti-corruption gaps with DPAs
Maxine Wernick - Monday, 11 September 2017

News - Regulation
Company liability for lack of fraud prevention still under discussion
Maxine Wernick - Friday, 08 September 2017

News - Court cases
Tesco fraud trial adjourned as Serious Fraud Office argues case for DPAs
Administrator - Friday, 08 September 2017

News - Regulation
ECB imposes first bank fine
Maxine Wernick - Monday, 04 September 2017

News - Company news
Fraud Watch at the 35th Cambridge Economic Crime Symposium
Administrator - Thursday, 31 August 2017

News - Data security
PCI security failures stick at 50%
Administrator - Thursday, 31 August 2017

News - Court cases
Samsung vice-chairman appeals jail term
Administrator - Wednesday, 30 August 2017

News - Compliance
Amex faces major fines for mal-practice and discrimination
Administrator - Wednesday, 30 August 2017

News - Investigations
German retail boss investigated for accounts fraud
Maxine Wernick - Friday, 25 August 2017

News - Research
Fraudsters target 20-somethings
Maxine Wernick - Thursday, 24 August 2017

News - Data security
PCI security failures stick at 50%
Administrator - Thursday, 31 August 2017

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

News - Company news
Fraud Watch at the 35th Cambridge Economic Crime Symposium
Administrator - Thursday, 31 August 2017

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

News - Bribery and corruption
France plugs anti-corruption gaps with DPAs
Maxine Wernick - Monday, 11 September 2017

News - Investigations
Indian mining giant accused of fraud
Maxine Wernick - Monday, 21 August 2017

News - Compliance
Compliance boss fined and suspended for faulty SEC filing
Maxine Wernick - Wednesday, 23 August 2017

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

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

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

News - Regulation
Singapore firm fined US$12m for Iran violations
Maxine Wernick - Friday, 28 July 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 - Investigations
German retail boss investigated for accounts fraud
Maxine Wernick - Friday, 25 August 2017

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

News - Compliance
Regulators targeting smaller institutions
Maxine Wernick - Friday, 18 August 2017

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

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

News - Money laundering
Law enforcement and banks plan global information sharing structure
Maxine Wernick - Tuesday, 12 September 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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