Financial Institution Fraud




CPE Credit: 16
Course Level: Overview
Prerequisite: None

Financial institutions have always been a target for criminals. But in this age of technological advancements and increases in organized criminal activity, financial institutions are finding it difficult to stay ahead of the fraudsters. Add to this the significant regulations related to the industry and it becomes clear that personnel must maintain constant vigilance in order to detect and prevent fraud at banks and other financial institutions.

This two-day, instructor-led course will address challenges and solutions related to fraud and financial institutions, including cyber frauds and privacy issues. Relevant regulations, such as anti-money laundering laws and practices, the Bank Secrecy Act, the USA PATRIOT Act and the Gramm-Leach-Bliley Act, will be addressed along with related and applicable anti-fraud solutions. Learn what controls can be implemented to secure your data in order to minimize the threat of data and identity theft.


Upcoming Courses  

Salt Lake City, UT | October 31-November 1, 2016  


You Will Learn How To:  

Identify common fraud schemes particular to financial institutions, including loan fraud and check fraud

Comply with applicable laws and regulations, including the Sarbanes-Oxley Act, Gramm-Leach-Bliley Act, Bank Secrecy Act and the USA PATRIOT Act

Implement Anti-Money Laundering (AML) and Know Your Customer (KYC) best practices 

Identify the warning signs of insider embezzlement 

Secure data to prevent data and identity theft 

Perform due diligence and prevention 

Establish fraud risk assessments and an anti-fraud framework 

Who Should Attend:  

Attorneys, legal professionals and law enforcement personnel

Controllers and corporate managers

Detectives and private investigators

Governance, risk management and compliance officers

Internal auditors, forensic accountants and bank examiners

Certified Fraud Examiners and other anti-fraud professionals 

Members: $695
Non-Members: $845

CPE Credit


Field of Study
Specialized Knowledge 


Course Level




Advanced Preparation 



Delivery Method 


  Day One  
7:30-8:00 a.m.   Registration & Continental Breakfast   
8:00-9:20 a.m. 


Financial institutions have always been a target for criminals. In this opening session, you will learn the impact of fraud on financial institutions, common myths about fraud, and the elements of fraud.

9:20-9:35 a.m.  Break 
9:35-10:55 a.m. 

Current Trends in Financial Institution Fraud 

This section will discuss recent trends in regulations, enforcement actions, and assessed penalties. Sarbanes-Oxley Act, AU Section 316, Fraud Enforcement and Recovery Act (FERA), Dodd-Frank Act, Suspicious Activity Reports, and Bank Enforcement Actions will be covered.

10:55-11:10 a.m.  Break  
11:10 a.m.-12:30 p.m. 

Money Laundering 

The United States has enacted key legislation and regulatory standards to address various aspects of money laundering. This session will go over this legislation as well as the components of money laundering including placement, layering, and integration. Identify the indictors of trade-based money laundering and enhance your investigation by knowing the characteristics and life cycle of money laundering and by knowing your customer.

12:30-1:30 p.m.  Group Lunch  
1:30-2:50 p.m. 

Loan Fraud 

In most financial institutions, loans represent the largest asset. As such, loan fraud has the potential to not only be significant, but also, to bring financial ruin to the institution. Learn the key documents that can be forged or altered to perpetrate fraud and how to implement an effective internal control system to deter loan fraud. You will also explore the types of mortgage fraud and internal loan fraud.

2:50-3:05 p.m.  Break  
3:05-4:25 p.m.  

Deposit and Branch Fraud 

Financial institution’s primary liabilities—customers’ deposits—are the assets of others and, as such, have the risk of asset misappropriation. In addition, a financial institution is unique in that its branch locations have a very susceptible inventory—cash and cash equivalents. This session will cover how fraudulent transactions can occur from check forgeries, check counterfeiting, check kiting, new accounts, split deposit schemes, dormant accounts, hold mail, cash vault, and more.



  Day Two 
7:30-8:00 a.m.   Continental Breakfast   
8:00-9:20 a.m. 

Electronic Funds Transfer Fraud 

Electronic funds transfers fall into five basic product lines: automated clearing houses (ACHs), wire transfers, payment cards, automated teller machines (ATMs), and telephone transfers. Learn how to deter electronic funds transfer fraud in this session.

9:20-9:35 a.m.  Break  
9:35-10:55 a.m. 

Other Insider Risks 

Insider fraud in financial institutions takes many forms, all of which can be devastating—not only in the financial loss, but also in the morale of the financial institution’s employees and the institution’s reputation in the community. To better understand insider fraud, this session will explore the types of individuals who commit insider fraud, the conditions that allow it to be committed, red flags that can indicate insider fraud is occurring, and insider fraud schemes.

10:55-11:10 a.m.  Break  
11:10 a.m.-12:30 p.m. 

Cyber Banking and Attacks on Banks 

Cyber-banking technologies, bank accounts, and wire-transfer capabilities make financial institutions the main target for computer crime. In this session, you will learn the many forms of attacks, including social engineering, technical hacking, spyware, phishing, and pharming. These attacks not only hurt the financial position of an institution, but also damage customers’ trust in the institution.

12:30-1:30 p.m.  Lunch on Own
1:30-2:50 p.m. 

Privacy, Data Theft, ID Theft and Other Consumer Issues 

Today, consumer confidence in business and the safeguarding of sensitive information is at the forefront of regulatory oversight and guidance. As identity theft continues to rise, so too does the necessity to secure sensitive information. Explore the methods and measures used to prevent this type of fraud.

2:50-3:05 p.m.  Break  
3:05-4:25 p.m.  

Due Diligence and Prevention 

Establishing an environment that supports prevention, deterrence, and detection of fraud requires three fundamental components. In this session, you will learn these components, which are the foundation for building an anti-fraud framework in an institution. In addition, learn how to establish a strong tone at the top in your workplace and implement a fraud risk assessment as a proactive way to tackle and deter fraud.

Event Cancellation Policy 

Our cancellation policy is intended to keep costs low for attendees. Due to financial obligations incurred by ACFE, Inc. you must cancel your registration prior to the start of the event. Cancellations received less than 14 calendar days prior to an event start date are subject to a $100 administrative fee. No refunds or credits will be given for cancellations received on or after the start date of the event. Those who do not cancel and do not attend are responsible for the full registration fee.


Satisfaction Guarantee 

ACFE seminars are unmatched in scope and effectiveness and backed by our unconditional satisfaction guarantee. If you attend an ACFE event and are not completely satisfied, please contact an ACFE Member Services Representative at or call (800) 245-3321 / +1 (512) 478-9000.


NASBA CPEThe Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:


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