Financial Institution Fraud


Financial Institution Fraud

CPE Credit: 8
Course Level: Basic
Prerequisite: None

Description: 

 

Financial institutions are bombarded with transactions daily. Every new account opened, loan funded, check processed or credit card purchase made has the potential to be fraudulent. Because of this substantial fraud risk, you must be vigilant in protecting both your company and your customers.


Financial Institution Fraud examines the fundamental fraud schemes threatening financial institutions and helps you to detect and prevent them. The key schemes covered include counterfeit check activity, new account fraud, forged instruments, identity theft and kiting. This course also discusses solutions to help detect and prevent such schemes, and it provides guidance on educating employees about fraud and reporting cases to law enforcement.

 

You Will Learn How To: 

 

Distinguish between key concepts and terms relating to financial institution fraud

Identify the essential components of loss prevention and recovery programs

Differentiate between the body of laws and regulations that govern the operations of financial institutions

Recognize the common types of identity theft schemes that exploit the services of financial institutions

Recognize the characteristics and common variations of fraud schemes that target financial institutions

Identify measures to detect and prevent counterfeit check activity

Recall various techniques criminals use to forge financial instruments and common measures financial institutions can employ to avoid significant losses from forged instruments

Determine effective ways to develop and provide awareness training

Discern what processes and procedures are appropriate when reporting financial fraud cases to law enforcement

 

Course preview:  

Table of Contents
Sample Chapter 


 

Field of study: Specialized Knowledge

Last Updated: June 2015

 

ACFE Ordering and Return Policy 

 

Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once. 

 

Online Video: 

 

FIF Video Page 

 

Financial Institution Fraud includes access to exclusive online video content intended to enhance your understanding of the material covered in the workbook. While working through the course, you will occasionally be directed to the accompanying website to view a video corresponding with topics covered in the workbook. The videos feature insights from convicted fraudsters and subject matter experts to help reinforce workbook topics with real-world examples. Internet connectivity is required to view the accompanying videos.

Online CPE exam grading available for this course: 

 
Online grading is available for ACFE self-study workbook courses. Complete the course offline at your convenience, but take the exam online the moment you're ready. Featuring instant exam results and a printable certificate, online grading offers a quick and convenient way to earn CPE.
 

Benefits of online exam grading include:
Instant exam results
Printable CPE certificate
Complete the course at your own pace
Take the exam online the moment you're ready 

 

Click here for instructions on accessing your online exam.

Online Exam Troubleshooting Guide:

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  Online SS Image Absorb Error 

 

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Other Troubleshooting Tips: If you encounter other errors, such as courses freezing or crashing, we recommend taking the following action:

 

Try a different browser. ACFE exams are designed to run on all modern web browsers, but if you encounter a problem that is not solved using one of the suggestions above, you can try using a different web browser to see if it eliminates the problem. We have most frequently seen where using Mozilla Firefox or Google Chrome has resolved an issue that was seen in Internet Explorer.

 
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Google Chrome can be downloaded here 

 

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