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21 JUNE 2018
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Thursday, 21 June 2018

95 arrested in CNP fraud crackdown
Police operation across 28 countries
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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



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News - Court casesMonday, 18 June 2018

Merrill Lynch charged over mortgage-backed securities
Investment bank employees violated anti-fraud provisions Read more ...

News - Cards and PaymentsFriday, 15 June 2018

Crypto exchanges and wallets failing to check customers
Lack of KYC means criminals and PEPs can trade freely Read more ...

article thumbnail News - Cards and PaymentsThursday, 14 June 2018

Cryptocurrency thefts top US$1bn in six months
Exchanges are most vulnerable target Read more ...

News - ResearchWednesday, 13 June 2018

White collar crime prosecutions fall
Police and prosecutors ’struggling’ with lack of resources
Read more ...

News - Court casesTuesday, 12 June 2018

Fraudster convicted after private prosecution
CPS had refused to action case against investment scam Read more ...

News - Cards and PaymentsMonday, 11 June 2018

Korean crypto exchange hacked
Attackers get away with alt coins Read more ...

News - Money launderingFriday, 08 June 2018

FCA fines Indian bank
Penalty for AML failures Read more ...

article thumbnail News - InvestigationsMonday, 04 June 2018

New SFO director named
Former US federal prosecutor takes over at agency
Read more ...

News - Court casesFriday, 01 June 2018

28 jailed for Abu Dhabi bank fraud
Convicted gang will be deported after serving terms Read more ...

News - RegulationThursday, 31 May 2018

US plans to amend Volcker Rule
Smaller institutions to be exempted from compliance requirements
Read more ...

News - Court cases
Merrill Lynch charged over mortgage-backed securities
Maxine Wernick - Monday, 18 June 2018

News - Cards and Payments
Crypto exchanges and wallets failing to check customers
Maxine Wernick - Friday, 15 June 2018

News - Cards and Payments
Cryptocurrency thefts top US$1bn in six months
Maxine Wernick - Thursday, 14 June 2018

News - Research
White collar crime prosecutions fall
Maxine Wernick - Wednesday, 13 June 2018

News - Court cases
Fraudster convicted after private prosecution
Maxine Wernick - Tuesday, 12 June 2018

News - Cards and Payments
Korean crypto exchange hacked
Maxine Wernick - Monday, 11 June 2018

News - Money laundering
FCA fines Indian bank
Maxine Wernick - Friday, 08 June 2018

News - Investigations
New SFO director named
Maxine Wernick - Monday, 04 June 2018

News - Court cases
28 jailed for Abu Dhabi bank fraud
Maxine Wernick - Friday, 01 June 2018

News - Regulation
US plans to amend Volcker Rule
Maxine Wernick - Thursday, 31 May 2018

News - Investigations
‘Blockchain evangelist’ charged over alleged ICO scam
Maxine Wernick - Wednesday, 30 May 2018

News - Investigations
Social engineering fraud group broken up
Maxine Wernick - Tuesday, 29 May 2018

News - Technology
Bank chats with customers to stop fraud
Maxine Wernick - Thursday, 24 May 2018

News - Cybercrime
The top 5 cyberattack threats to banks in 2018
Maxine Wernick - Tuesday, 22 May 2018

News - Regulation
37% of FS firms to miss GDPR deadline
Maxine Wernick - Wednesday, 25 April 2018

News - Court cases
Former Autonomy executive convicted
Maxine Wernick - Tuesday, 01 May 2018

News - Cards and Payments
Bank fears over APP fraud reimbursement plans
Maxine Wernick - Thursday, 17 May 2018

News - Regulation
GDPR phishing warning
Maxine Wernick - Friday, 04 May 2018

News - Regulation
US plans to amend Volcker Rule
Maxine Wernick - Thursday, 31 May 2018

News - Court cases
28 jailed for Abu Dhabi bank fraud
Maxine Wernick - Friday, 01 June 2018

News - Cybercrime
The top 5 cyberattack threats to banks in 2018
Maxine Wernick - Tuesday, 22 May 2018

News - Research
Speed of bank digital transformation creates new risks
Maxine Wernick - Monday, 21 May 2018

News - Investigations
19 arrested in Lithuanian AML operation
Maxine Wernick - Wednesday, 16 May 2018

News - Investigations
‘Blockchain evangelist’ charged over alleged ICO scam
Maxine Wernick - Wednesday, 30 May 2018

News - Investigations
Barclays boss fined for trying to identify whistleblower
Maxine Wernick - Friday, 11 May 2018

News - Money laundering
Global approach is ‘only way’ to combat laundering
Maxine Wernick - Tuesday, 08 May 2018

News - Company news
Facebook becomes FIDO Alliance board member
Maxine Wernick - Tuesday, 15 May 2018

News - Investigations
Social engineering fraud group broken up
Maxine Wernick - Tuesday, 29 May 2018

News - Money laundering
Singapore issues bank AML best practices
Maxine Wernick - Monday, 14 May 2018

News - Money laundering
FCA fines Indian bank
Maxine Wernick - Friday, 08 June 2018

News - Technology
Bank chats with customers to stop fraud
Maxine Wernick - Thursday, 24 May 2018

News - Cards and Payments
Korean crypto exchange hacked
Maxine Wernick - Monday, 11 June 2018

News - Court cases
Fraudster convicted after private prosecution
Maxine Wernick - Tuesday, 12 June 2018

News - Investigations
New SFO director named
Maxine Wernick - Monday, 04 June 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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