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Banking Best Practices to Prevent Fraud




2 CPEs

About the Course

Being offered twice a quarter on Tuesdays at 1:00 p.m. to 3:00 p.m. Central Time.

This event takes a hard look at preventing fraud in the retail banking organization.

This CPE training event gives the attendee an excellent overview of a bank organization's best practices to prevent fraud. Attend to improve the anti-fraud efforts at your institution.

​Are you in a position as a banking industry internal auditor to:
Find and report to management fraud losses?
Investigate fraud allegations from the hotline?
Look for control weaknesses that lead to employee fraud?
Suggest process and policy improvements to mitigate fraud?
Look for the red-flags that something is amiss?
Understand the fraud that can be within your financial statements?

Banking organizations are increasingly threatened by employee fraud. In fact, employee fraud represents the majority of all fraud threats to a banking organization.

Embezzlement, kickbacks, check fraud, financial statement fraud and vendor billing schemes are just a few of the countless economic crimes committed by employees and outsiders. And with the march of technology, new computer and Internet-driven schemes are being deployed by dishonest insiders all the time.

This webinar will provide attendees with a strong foundation of practical knowledge about how common frauds are committed, how to detect the red flags of these crimes and how to eliminate control deficiencies that provide opportunities for dishonest employees.

This timely, two hour CPE training event is designed for the internal auditor, compliance professional and others who wish to improve their tradecraft skills within fraud protection and detection.

Each attendee will receive 2 CPE Hours (YB). A certificate of completion will be provided.

Anti-fraud internal controls and training can help banking employees defend the bank.

Fraud is an ongoing problem for businesses, and criminals are using increasingly sophisticated methods to perpetrate these crimes. Data shows that the banking industry is the most targeted industry in the world. Criminals are targeting banking organizations of all sizes, and small banks are particularly vulnerable.

Awareness, controls and employee training are key to protection from bank fraud.

While smaller bank organizations may not have the budget to invest in external training, they can still effectively create internal controls and train their employees to spot and prevent fraud.

CPE Event Highlights

The event covers fraud in the retail banking industry. The event will cover:
Reasons for focus on fraud: it is not just the money.
Two step process: Identity and Execution.
Specific identity aspects of frauds.
Payment systems issues (check image, ACH growth).
Credit issues (cards and loans).
Centralizing financial crime responsibilities.
Eight points where fraud can be addressed by a bank.
Four ways to add value to your bank.

Learning Objectives

This CPE training event will provide valuable assistance to all personnel with anti-fraud responsibilities in banks or other financial institutions. It will cover the following learning objectives:
How to design internal controls and compliance programs,
Activities to detect fraud attempts,
Managing the investigation of fraud alerts,
Analyzing internal control improvement options,
Understanding fraud perpetrators' strategies and techniques.

Key Issues on the Agenda

The major agenda items within this intense CPE training event are:
Preventing Fraud in Banking
Bank Best Practices to Prevent Fraud
Improving Anti-fraud efforts at your Institution

Your Instructor

Jim J. George

Over 30 years of experience as a consultant and advisor to major banks. He was an associate partner and principal at PriceWaterhouse-Coopers Consulting, IBM Consulting in Bank Risk and Compliance, and Andersen Consulting (now Accenture).

Jim J. George
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