• financial institution fraud 


    DAY ONE 
    DAY TWO 
    7:30 a.m. - 8:00 a.m.   Registration - Breakfast Pastries  Breakfast Pastries 
    8:00 a.m. - 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.

    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 a.m. - 9:35 a.m.  Break  Break 
    9:35 a.m. - 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.

    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 a.m. - 11:10 a.m.  Break  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.

    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 p.m. - 1:30 p.m.  Group Lunch  Lunch on Own 
    1:30 p.m. - 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.

    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 p.m. - 3:05 p.m.  Break  Break 
    3:05 p.m. - 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.

    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 Details