Fraud
Curing the culture of fraud
Internal affairs
New FFIEC regulations acknowledge changing online threat
On the back foot
SFO's Alderman shows serious survival power
Six months after it was scheduled for dissolution, the UK Serious Fraud Office is here to stay. Director Richard Alderman links the enforcer's survival to the new Bribery Act
Former chair of Taylor, Bean & Whitaker sentenced to 30 years
Lee Farkas, former chair of TBW, has been sentenced to 30 years and ordered to pay back $38.5 million
JP Morgan Securities charged with rigging municipal bonds
JPMS rigged at least 93 municipal bond reinvestment transactions in 31 states, SEC says
UK trio sentenced for phishing scam
Three men have been sentenced to a total of 13 years and six months for their part in a phishing scam that attempted to steal more than £1.3 million
Former Citigroup employee charged with fraud
Former vice-president of Citigroup's treasury finance department charged with bank fraud
Regulator strengthens enforcement authority
CFTC finalises new Dodd-Frank anti-manipulation rule but energy experts continue to question its value
Report recommends ways to tackle energy market manipulation
A new report has suggested a framework for identifying market manipulation, arguing further clarity will boost market liquidity
Egan and McGarry sentenced over $60 million fraud
Two New Yorkers have been handed prison terms for their part in a $60 million fraud
OpRisk Europe: Implementation is key
Changing the rules
Fraud by long-serving employees rising, survey finds
Typical fraud is committed by senior financial managers and goes unnoticed for three years, according to KPMG
OpRisk Europe: Fairness fights fraud, conference told
Firms can mitigate the risk of employee fraud by paying attention to their infrastructure and culture and also to the employees themselves, according to psychologist Adrian Furnham
Types of operational risk loss by event, April 2009 to April 2011
SAS presents the highest op risk losses in April and ABA Operational Loss Data Sharing Consortium analyses Q4 losses in the US
Mortage company chair convicted on 14 counts of fraud
Sigtarp says: "This is the most significant criminal prosecution to date rising out of the financial crisis"
Sentences handed down in Omni fraud case
Delroy Davy convicted of bank fraud, sentenced to 14 years in prison
SEC charges three execs in California with boiler room fraud
mUrgent Corporation and three of its executives charged with $10 million fraud
UBS ordered to pay $160 million in fines by SEC
Swiss bank charged with undermining the competitive bid process of municipal securities
AIB refunds €8 million to ATM customers
Billing errors have caused Allied Irish Bank to rethink its ATM anti-fraud strategy
Bribery Act requirements just good business practice, says consultancy
Kroll chair, Tommy Helsby, says firms should already have most systems in place and implementing better procedures will benefit businesses
Lawyer warns of securities fraud lawsuits over foreclosure crisis
Bank of America faces lawsuit over charges of witholding information on failings, and others could follow
UK Treasury Select Committee says banks doing 'little work' to combat online fraud
Report express concern over disparity between growth in internet banking activity and banks' efforts to improve security
Hedge funds see potential in European carbon markets
Growing returns
$10 million identity fraud ring smashed by US authorities
Schemes involved staff from 11 high-profile US banks