financial institution fraud
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.
Electronic Funds Transfer Fraud
Current Trends in Financial Institution Fraud
Other Insider Risks
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.
Cyber Banking and Attacks on Banks
Privacy, Data Theft, ID Theft and Other Consumer Issues
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.
Due Diligence and Prevention