Preventing and Detecting Financial Institution Fraud

Overview
Online
Description
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
Prerequisites
None
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 |
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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 |
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NASBA Information: | Specialized Knowledge |
Advanced Preparation: | None |
Last Updated: | September 2021 |
Delivery Method: | QAS Self-Study |
Policies
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
Features:
- 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
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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: www.nasbaregistry.org/.
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