A widely-held suspicion that UK banks are covering up the true scale of cybercrime has been confirmed by the City of London Police chief Adrian Leppard, who says that up to 80% of online crime goes unreported to the authorities. Speaking at a Tech UK conference, Leppard says that the vast gap between what is […]

The Bank of England (BoE) has produced a desktop cyber exercise entitled “Waking Shark II” which was used by the investment banking sector in November 2013. The exercise has been published so it may be used by non-participating financial institutions to test crisis management systems around cybercrime, and to identify weaknesses in systems. Copies of […]

FCA has published its 2012/2013 annual AML report. The report summarises enforcement action and the findings of the thematic reviews of banks’ management of high money laundering risk situations and banks’ control of financial crime risks in trade finance. It then goes on to list the current trends and emerging risks that FCA is helping […]