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21 JULY 2017
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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, 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
- Number of affecited entities is huge
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 NEXT PRINTED EDITION OF FRAUD WATCH
De-risking: G7 and FATF tackle practice that threatens both financial inclusion and integrity
Tax evasion: New international treaty requires FIs to share account details
Money laundering: New rules impact senior managers as well as FS firms
Risk: BofE warns it will go after lenders that cut corners
Money laundering: 5AMLD bring five major changes that will impact financial instututions
RegTech: Geopolitical risks cause spike in investement
Compliance: COs charged with insider dealing and SARs violations
Payments fraud: Massive CNP jump in Europe fraud figures

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article thumbnail News - ResearchThursday, 20 July 2017

Fraud now officially the most commonly experienced offence in the UK
Figures included in crime statistics for the first time
There were an estimated 3.6 million cases of fraud and two million computer misuse offences in a year, according to the Crime Survey for England and Wales. These are included for the first time in its annual report, which covered the year until March 2017. Read more ...

News - Court casesWednesday, 19 July 2017

Barclays Qatar trial set for January 2019
Four executives face charges Read more ...

News - Bribery and corruptionMonday, 17 July 2017

Ex Brazil president convicted of corruption
Lula faces jail for role in Petrobras scandal Read more ...

article thumbnail News - RegulationFriday, 14 July 2017

First international treaty to combat tax evasion
- Common reporting standard launches in September
- Increasing overlap between evasion and money laundering
- Up to 10% of corporate revenues are lost to tax authorities Read more ...

News - Money launderingThursday, 13 July 2017

73% say 4AMLD will make it easier to prevent laundering
Financial crime professionals upbeat about newly enacted directive Read more ...

News - RiskTuesday, 11 July 2017

BofE warns it will go after lenders that cut corners on risk
Senior managers and boards to be held responsible for "return to the Punchbowl" Read more ...

News - RegulationTuesday, 11 July 2017

GDPR consultancy makes five senior appointments
Global expansion as world wakes up to requirements Read more ...

News - InvestigationsMonday, 10 July 2017

30 held in ML and drug raids across Europe
Police operation covers five countries
Read more ...

article thumbnail News - ResearchFriday, 07 July 2017

Massive CNP jump in annual payments fraud figures
UK and France show greatest losses: Poland and Sweden are biggest risers
FICO has released its annual interactive map of European card fraud, which shows that card fraud losses for 19 European countries hit approximately €1.8 billion, a new high. Read more ...

article thumbnail News - Money launderingFriday, 30 June 2017

AML and the combating of terrorism financing
How can companies and financial institutions drill down on ultimate beneficial owners when confronted with layers of front companies in offshore jurisdictions? Article by Matt Taylor of Protiviti. Read more ...

News - Research
Fraud now officially the most commonly experienced offence in the UK
Administrator - Thursday, 20 July 2017

News - Court cases
Barclays Qatar trial set for January 2019
Maxine Wernick - Wednesday, 19 July 2017

News - Bribery and corruption
Ex Brazil president convicted of corruption
Maxine Wernick - Monday, 17 July 2017

News - Regulation
First international treaty to combat tax evasion
Maxine Wernick - Friday, 14 July 2017

News - Money laundering
73% say 4AMLD will make it easier to prevent laundering
Maxine Wernick - Thursday, 13 July 2017

News - Risk
BofE warns it will go after lenders cutting corners on risk
Maxine Wernick - Tuesday, 11 July 2017

News - Regulation
GDPR consultancy makes five senior appointments
Maxine Wernick - Tuesday, 11 July 2017

News - Investigations
30 held in ML and drug raids across Europe
Maxine Wernick - Monday, 10 July 2017

News - Research
Massive CNP jump in annual payments fraud figures
Administrator - Friday, 07 July 2017

News - Money laundering
AML and the combating of terrorism financing
Maxine Wernick - Friday, 30 June 2017

News - Cards and Payments
Leumi Card uses AI to fight fraud
Maxine Wernick - Monday, 26 June 2017

News - Regulation
New AML rules will impact senior managers as well as FS firms
Maxine Wernick - Monday, 26 June 2017

News - Compliance
Compliance officer charged for SAR violations
Maxine Wernick - Thursday, 22 June 2017

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

News - Compliance
Compliance officer charged for SAR violations
Maxine Wernick - Thursday, 22 June 2017

News - Cards and Payments
Leumi Card uses AI to fight fraud
Maxine Wernick - Monday, 26 June 2017

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

News - Regulation
New AML rules will impact senior managers as well as FS firms
Maxine Wernick - Monday, 26 June 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 - 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 - Court cases
Swift issues customer security guidance
Maxine Wernick - Monday, 22 May 2017

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

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

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

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

News - Risk
BofE warns it will go after lenders cutting corners on risk
Maxine Wernick - Tuesday, 11 July 2017

News - Research
Massive CNP jump in annual payments fraud figures
Administrator - Friday, 07 July 2017

News - Regulation
GDPR consultancy makes five senior appointments
Maxine Wernick - Tuesday, 11 July 2017

News - Money laundering
73% say 4AMLD will make it easier to prevent laundering
Maxine Wernick - Thursday, 13 July 2017

News - Compliance
Airbus brings in outsiders to probe corruption claims
Maxine Wernick - Tuesday, 23 May 2017

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

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

article thumbnail News - ResearchThursday, 20 July 2017

Fraud now officially the most commonly experienced offence in the UK
Figures included in crime statistics for the first time
There were an estimated 3.6 million cases of fraud and two million computer misuse offences in a year, according to the Crime Survey for England and Wales. These are included for the first time in its annual report, which covered the year until March 2017. Read more ...

News - Court casesWednesday, 19 July 2017

Barclays Qatar trial set for January 2019
Four executives face charges Read more ...

News - Bribery and corruptionMonday, 17 July 2017

Ex Brazil president convicted of corruption
Lula faces jail for role in Petrobras scandal Read more ...

article thumbnail News - RegulationFriday, 14 July 2017

First international treaty to combat tax evasion
- Common reporting standard launches in September
- Increasing overlap between evasion and money laundering
- Up to 10% of corporate revenues are lost to tax authorities Read more ...

News - Money launderingThursday, 13 July 2017

73% say 4AMLD will make it easier to prevent laundering
Financial crime professionals upbeat about newly enacted directive Read more ...

 
     
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