Given that trillions of dollars’ worth of assets move through financial institutions on a daily basis, it is not surprising that these organizations are targets of fraud. The risk of fraud against financial institutions comes from every direction — customers, corrupt employees and anonymous third parties.
This course explores fraud schemes against financial institutions, and recommends controls and techniques designed to prevent and detect each type of scheme. The specific schemes include embezzlement and internal fraud, customer schemes, loan fraud, fraud by third parties, money laundering and institutional schemes.
- Recommendations to prevent common internal employee fraud schemes
- Ways for financial institutions to significantly reduce customer fraud
- Examples of common loan fraud schemes against financial institutions
- Insights on how identity theft can occur using financial institutions both internally and externally
- Legal frameworks prohibiting fraudulent conduct involving financial institutions
ACFE Ordering and Return Policy
You Will Learn How To:
- Recognize common internal, external and money laundering fraud schemes at depository institutions
- Identify the legal elements of fraudulent conduct against financial institutions
- Recognize the factors involved in planning and conducting a financial fraud risk assessment
- Determine the internal controls and policies needed to prevent fraud committed against the institution
ADVANCED PREPARATION: NONE
FIELD OF STUDY: SPECIALIZED KNOWLEDGE
LAST UPDATED: NOVEMBER 2017
DELIVERY METHOD: QAS SELF-STUDY
Table of Contents:
- Lesson 1: Common Internal Fraud Schemes
- Lesson 2: Customer Schemes
- Lesson 3: Loan Fraud
- Lesson 4: Fraud by Outside Parties
- Lesson 5: Money Laundering
- Lesson 6: Institutional Schemes
- Lesson 7: Legal Framework of Financial Institution Fraud
- Lesson 8: Fraud Risk Assessment
- Lesson 9: Elements of a Fraud Prevention Program
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Online Self-Study Troubleshooting Guide:
Problem: When I attempt to access my courses from “My Online Learning,” the course never launches, or I receive an error message saying my pop-up blocker needs to be turned off.
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Problem: I receive the following error when I try to load a different lesson with a course:
Solution: This occurs in Internet Explorer when trying to load a different lesson without closing the current lesson. This error can be avoided two different ways:
Always close the current lesson before going to another one. Always click the Close Window button (usually the red “X” in the upper right corner) of the current lesson before clicking on another lesson.
Use a different browser. This error seems to only occur in Internet Explorer, so using Mozilla Firefox or Google Chrome should resolve the issue (see below for links to download either of these browsers).
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 online self-study courses 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.
Mozilla Firefox can be downloaded here
Google Chrome can be downloaded here
Make sure you are running the latest version of Flash. Go to Adobe.com to see what version of Flash you are running, and then compare that to the table on that page to see what the latest version is for your operating system/browser combination. If you are not running the newest version, you should upgrade and see if that resolves the problem.