Financial CrimeRSS

The Return of the Old-Fashioned Villain

Sophisticated defences are pushing criminals back to more traditional techniques

The latest bi-annual Fraud Barometer from KPMG has shown a rise in individuals committing more traditional swindles such as Ponzi schemes, cheque fraud and procurement fraud. The findings are in broad agreement with figures from CIFAS, the UK fraud monitoring service, published last week

Financial crime: compliance and failure

AML fines are getting heavier

Banks worldwide have been struggling in the battle against financial crime. Recent high-profile examples demonstrate that the rate of anti-money laundering compliance enforcement is continuing to rise.

ID theft drives fraud to new levels in UK

Fcility takeover accounts for 65% of all ID fraud

Identity theft soared during 2012, accounting for half of all financial fraud in the UK. This drove the level of account takeover frauds up by 53% during the year, according to CIFAS, the UK Fraud Prevention Service.

Internet fraud: follow the money

If you can't keep them out, can you at least make them pay?

While the internet has provided inumerable benefits, it has also been the field for new types of fraud and rights infringements. If the financing used by people who illegally upload or otherwise exploit content were cut off, might it be possible to combat the spread of their activities?