Preventing and Detecting Financial Institution Fraud

Preventing and Detecting Financial Institution Fraud
Course Level
Delivered via
4 Credits


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.

Key Takeaways: 

  • 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



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

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

CPE Information

CPE Credit: 4
NASBA Information: Specialized Knowledge
Advanced Preparation: None
Last Updated: September 2021
Delivery Method: QAS Self-Study


CPE Credit

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.

ACFE Online Self-Study Courses


  • 24/7 access to courses through your Internet browser
  • Save time and quickly earn CPE credits with instant access, grading and printable certificate
  • The flexibility to start or stop a course and pick-up right where you left off
  • No additional shipping fees

Learn More about accessing your online self-study course

Learn More about online self-study courses and their features

System Requirements:

  • Internet access: High-speed connection recommended
  • Speakers required for video sound

The 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:


Ordering and Returns

Satisfaction Guarantee

If you are not 100% satisfied with any ACFE product, you may return it to us, provided it is in excellent condition, for a full refund of the item minus the cost of shipping. Toolkits and bundles may only be returned as a complete set.

Ordering & Returns Policy