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23 JUNE 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  
     
 
Thursday, 22 June 2017

Compliance officer charged with SAR violations
Former broker-dealer CO & AML officer agrees to industry bar
Read more ...

 
     

Latest feature
     
 
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 ...
 
     
 
Don't miss
     
  IN THE LATEST PRINTED EDITION OF FRAUD WATCH
- Explosion of data coming into hands of regulators
- Singapore country report: An influence beyond its size
- Virtual currency rules fast-tracked with AMLD5
- National regulation of virtual currencies
- PSD2: EBA backtracks on strong authentication
- NY sets cyber-rules benchmark
- Ad fraud double previous estimates
- US emerges as leading ML and tax haven
- Bank fines total US$321bn since 2008 crash

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 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
News - Cards and PaymentsWednesday, 21 June 2017

76 held in international eCommerce fraud crackdown
Arrests linked to 20,000 fraudulent transactions Read more ...

News - Court casesFriday, 16 June 2017

Former UBS compliance officer charged with insider dealing
Co-defendants each face five charges Read more ...

article thumbnail News - InvestigationsWednesday, 14 June 2017

153 people arrested for airline fraud
Charges after global operation Read more ...

News - CybercrimeTuesday, 13 June 2017

No respite from financial cyberattacks
Email and account takeover are biggest threats Read more ...

News - Money launderingFriday, 09 June 2017

Deutsche Bank gets massive AML fine
Bank punished by regulators for the second time this year Read more ...

article thumbnail News - Public sector fraudThursday, 08 June 2017

EU plans financial fraud Prosecutor’s Office
New department to conduct criminal investigations into EU budget frauds Read more ...

News - RegulationTuesday, 06 June 2017

Forex and binary options fraud prevalent in France
Investors being targeted by Cyprus-registered companies Read more ...

News - RegulationMonday, 05 June 2017

Chief compliance officer held responsible in Mexican ML case
Fine and ban for AML failures Read more ...

News - ResearchFriday, 02 June 2017

Internal fraud fears soar
30% of financial decision makers worried over insider threat Read more ...

News - Money launderingWednesday, 31 May 2017

South Africa fines banks a total of R46.5m
Penalties related to AML/CFT failures Read more ...

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

News - Court cases
Former UBS compliance officer charged with insider dealing
Maxine Wernick - Friday, 16 June 2017

News - Investigations
153 people arrested for airline fraud
Maxine Wernick - Wednesday, 14 June 2017

News - Cybercrime
No respite from financial cyberattacks
Maxine Wernick - Tuesday, 13 June 2017

News - Money laundering
Deutsche Bank gets massive AML fine
Maxine Wernick - Friday, 09 June 2017

News - Public sector fraud
EU plans financial fraud Prosecutor’s Office
Maxine Wernick - Thursday, 08 June 2017

News - Regulation
Forex and binary options fraud prevalent in France
Maxine Wernick - Tuesday, 06 June 2017

News - Regulation
Chief compliance officer held responsible in Mexican ML case
Maxine Wernick - Monday, 05 June 2017

News - Research
Internal fraud fears soar
Maxine Wernick - Friday, 02 June 2017

News - Money laundering
South Africa fines banks a total of R46.5m
Maxine Wernick - Wednesday, 31 May 2017

News - Data security
Four factors transforming security software market
Maxine Wernick - Tuesday, 30 May 2017

Events - General
ACFE Fraud Conference Asia Pacific
Maxine Wernick - Tuesday, 30 May 2017

News - Court cases
FCA secures £2.2m confiscation orders
Maxine Wernick - Friday, 26 May 2017

News - Compliance
Compliance execs to increase Regtech investment
Maxine Wernick - Thursday, 18 May 2017

News - Cybercrime
VR tech company gets half billion funding
Maxine Wernick - Friday, 12 May 2017

News - Compliance
Global compliance survey: Large companies fall short on expenditure
Maxine Wernick - Thursday, 27 April 2017

News - Cybercrime
Financial data breaches skyrocket
Maxine Wernick - Friday, 28 April 2017

News - Cybercrime
Cybersecurity spend not keeping pace with breach costs
Maxine Wernick - Tuesday, 25 April 2017

News - Regulation
Regulator criticised for £66k logo spend
Maxine Wernick - Tuesday, 09 May 2017

News - Cybercrime
Russian banks fend off cyberattack
Maxine Wernick - Monday, 15 May 2017

News - Money laundering
Deutsche Bank gets massive AML fine
Maxine Wernick - Friday, 09 June 2017

News - Regulation
US plans replacement for Dodd-Frank
Maxine Wernick - Monday, 24 April 2017

News - Investigations
PwC gets record fine for audit failings
Maxine Wernick - Thursday, 11 May 2017

News - Court cases
FCA secures £2.2m confiscation orders
Maxine Wernick - Friday, 26 May 2017

News - Money laundering
South Africa fines banks a total of R46.5m
Maxine Wernick - Wednesday, 31 May 2017

News - Court cases
Swift issues customer security guidance
Maxine Wernick - Monday, 22 May 2017

News - Data security
Four factors transforming security software market
Maxine Wernick - Tuesday, 30 May 2017

News - Regulation
Chief compliance officer held responsible in Mexican ML case
Maxine Wernick - Monday, 05 June 2017

News - Regulation
Forex and binary options fraud prevalent in France
Maxine Wernick - Tuesday, 06 June 2017

News - Regulation
Clampdown on proceeds of crime and corporate tax
Maxine Wernick - Thursday, 04 May 2017

News - Cybercrime
No respite from financial cyberattacks
Maxine Wernick - Tuesday, 13 June 2017

News - Investigations
Malta PM calls election after offshore allegations
Maxine Wernick - Tuesday, 02 May 2017

News - Cards and Payments
Two-factor m-payment codes hacked
Maxine Wernick - Friday, 05 May 2017

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 ...

article thumbnail Features - Cards and PaymentsFriday, 11 November 2016

What we need to learn from the Tesco Bank hack
Calls for data sharing like the baddies do

One third of Tesco Bank's customers were hacked last weekend. This much we know. What has still to come out, is how the baddies got in and whether or not there was an insider.

Even without this information, it raises questions that should be addressed by every financial services firm. Read more ...

 
     
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