Identity and Fraud

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The changing face of online fraud...

Across the globe, more and more people are shifting to digital channels rather than traditional channels (such as the branch or store) to shop and manage their finances. This change in consumer behaviour has led to higher online transactions – and with it an increased risk of fraud. This...

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AML Checks and the 4th Directive in the Gaming Industr...

With the Fourth Anti Money Laundering (AML) Directive in place as of the 26 June 2015, the gaming community must now look to increase their due diligence for AML checks on bets and pay-outs of €2,000 and o...

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What is ‘Friday Fraud’ – and how does it impact law fi...

Recent press reports have highlighted a problem for lawyers and conveyancers – it’s been dubbed ‘Friday Fraud’. It involves fraudsters using various methods to get the information they need to raid a firm’s accounts or intercept funds due to be paid to a client. It’s called Friday Fraud because...

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Anti-Money Laundering – should you consider electronic...

Anti-Money Laundering (AML) regulations affect many industry sectors in a number of ways. One requirement is that the identity of customers is verified in order to prevent the proceeds of crime being legitimised. Nominated personnel, such as Money Laundering Reporting Officers, must determine the form that such checks take...

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Dramatic increase in current account fraud...

Current account fraud almost doubles due to extensive large scale organised...

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Why dusting off dormant accounts is vital to safeguard...

It's a simple and straightforward process that could help safeguard life savings for years to come and ensure they continue to enjoy the protection offered by the Financial Services Compensation Scheme...

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Identity theft – why do crooks want to steal your iden...

Identity theft is the acquisition and use of a person’s private identifying information for gain. Generally, there are two categories of fraud, they are referred to as: first party fraud and third party fraud. In first party fraud, the fraud is committed by the owner of the account and...

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What the End of the Driving License Counterpart Means ...

On 8 June 2015 driving licence counterparts were officially abolished by the DVLA in favour of View Driver Record – an electronic database where people can access the information previously held on their paper counterpart licence, such as vehicle licence types, penalty points and c...

Read More What the End of the Driving License Counterpart Means for Insurance Fraud
Branchless Banks and the Identity Checking Conundrum...

Two headlines caught my eye recently, the first concerned the rise in current account fraud and the second was a new bank starting up – a bank that wouldn’t have any b...

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