Identity and Fraud

5 of the most remarkable instances in the history of fraud

Posted on Sep 25 2015 by

The fight against fraud is an on-going battle, but it is not one faced exclusively by our generation. For as long as currency has existed, so has fraud.

Current account switchers top two million within two years of seven-day service launch

Posted on Sep 16 2015 by

More than two million bank customers have opted to use the seven-day account switching service within the first two years of the service’s launch.

Retail Sales on Mobile Double Those on Tablets… What Does That Mean for Identity Fraud?

Posted on Sep 11 2015 by

June 2015 figures for the retail industry show that m-commerce saw a 57 per cent increase on June 2014. Interestingly, sales on smartphones far outweighed those on tablets, reporting a growth rate between January and June 2015 of over double that of tablet devices [1].

The changing face of online fraud

Posted on Sep 10 2015 by

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 challenges organisations to strike a balance […]

AML Checks and the 4th Directive in the Gaming Industry

Posted on Sep 10 2015 by

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 over.

What is ‘Friday Fraud’ – and how does it impact law firms and their clients?

Posted on Sep 08 2015 by

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 they know the best time to […]

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).