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Mortgage Fraud Report, March 2010UK National Fraud Authority The NFA estimates that the annual value of mortgage fraud is £1 billion. This demonstrates the fact that mortgage fraud remains a significant threat and a route for organised criminals to raise substantial funds. |
International Cooperation and Increased Anti-Corruption ActionNorton Rose look at the increasing trend of international enforcement and co-operation in foreign corruption cases. The recent agreements between the US and the EU Member Statess addressing extradition and mutual legal assistance will make it easier to investigate and prosecute any violations. |
Principles for Enhancing Corporate GovernanceBank for Internaional Settlements, March 2010 BIS have issued this consultative document which sets out best practices for banking organisations. The principles address what are seen as fundamental flaws in current banking practice that became apparent during the financial crisis. The principles also stress the importance of board and senior management having a clear knowledge and understanding of the bank's operational structure and risks. This includes risks arising from special purpose entities or related structures. |
New Card and Banking Fraud Figures 2010UK Cards Association Report This report shows that total fraud losses on UK cards fell by 28 per cent between 2008 and 2009 to £440.3 million – a decrease of £170 million on the previous year’s total. The combined force of industry initiatives such as: chip and PIN; the increasing use of sophisticated fraud detection tools by banks and retailers; and the work of the DCPCU[1], the banking-sponsored special police unit, have all helped contribute to this fall. |
Corporate GovernanceSlides from a Lecture This short video, in a simple slideshow format, from RCA Belfast, gives a useful overview of best practice, reports and concepts. |
Financial Crimes Trends 2010Paul Henninger, head of Financial Crimes Solutions at Actimize talks about top financial crimes trends he expects to see in 2010. For the financial services industry, Indentity theft, commercial account attacks, migrating brokerage needs and increased securities monitoring top the list. |
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"Re: "Local" sanctions regimes outside the UK",
about 18 hours ago
by Keith Hood, Jersey
One should be aware of 'local' sanctions as, after all, that could be a reason why they are not o... |
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""Local" sanctions regimes outside the UK",
about 18 hours ago
by Anonymous, United Kingdom
We are a UK-based entity that occasionally opens accounts for non-UK residents. As part of accoun... |
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"Re: Verification of Address - Saudi Arabia",
1 day ago
by Anonymous, Afghanistan
Regardin your question. verification of address it is really important to verify the adress of ea... |
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