Identity and Fraud

Anti-Money Laundering – should you consider electronic identity checking?

Posted on Aug 27 2015 by

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 in order to meet the requirements […]

Three key reasons to check bank account data

Posted on Aug 21 2015 by

There are many instances where companies need to take bank account information from people, typically bank account data is required to set up a direct debit or a credit transfer.

Dramatic increase in current account fraud

Posted on Aug 18 2015 by

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

Why dusting off dormant accounts is vital to safeguarding savings

Posted on Aug 17 2015 by

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 (FSCS).

Identity theft – why do crooks want to steal your identity?

Posted on Aug 06 2015 by

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 doesn’t involve identity theft. Third party […]

What the End of the Driving License Counterpart Means for Insurance Fraud

Posted on Jul 27 2015 by

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 convictions.

Contactless cards and data theft – what’s the problem?

Posted on Jul 24 2015 by

The mainstream press have been all of a flutter, with the story that fraudsters with scanners can walk down the street and steal card data from contactless cards while we go about our daily business. But how much of a problem is this? Who suffers the most loss?  And what can be done to protect […]

Branchless Banks and the Identity Checking Conundrum

Posted on Jul 23 2015 by

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 branches.

Guest post: 5 ways to protect against online fraud from Frank Abagnale

Posted on Jul 22 2015 by

What took time, patience, unusual equipment and certain skills years ago can be accomplished in a matter of minutes online today. Technology and the internet have enabled the growth and prevalence of online fraud. For today’s fraud perpetrator, all you need is a laptop, internet connection and some knowledge of how to operate phishing emails.

Adapting to the Taxation Of Pensions Act

Posted on Jul 22 2015 by

With the Taxation of Pensions Act 2014 now in effect, wealth, life and pensions providers are finding their resources stretched with an increased number of customers enquiring about taking advantage of drawing down their pension funds.