Nowadays, the banking industry is facing an acute problem of fraud. The problem is global, and no country is fully protected. Fraudsters have become experts in hijacking online sessions: they steal client credentials and use malware to swindle funds from unaware account holders.
Fraud awareness is imperative across all areas of banking and finance with the rapid development of digital technology within the industry. Embedding anti-fraud procedures in the culture of a bank can be a mitigating factor to control the multiple risks presented.
This 4 sessions of live training on each topic will help delegates learn why people commit fraud, how to identify fraud risks in different departments of a bank, establish an anti-fraud culture and ensure fraud awareness in your organization
Learning outcome
- Understand why fraud occurs in financial markets and what motivates fraudulent behaviors
- Be aware of the main types of fraud methodology and emerging risks
- Learn how to prevent these frauds by using effective mitigation techniques
- Be familiar with the key methods used to manage fraud risk and detect fraud events
Target Audience
- All the employees working in the fraud division of banks and finance sector
- Managers and heads in organizations in the banking sector who need to understand fraud management
- Bankers and other executives involved in any transactional or operational function in banks
- Legal and financial advisors who can help combat fraud or provide expert advice in the event of fraud
- Potential shareholders who should understand the prospect of fraud in a financial institution
- Auditors who need to ensure adherence to required guidelines and universal standards
- Any other professional interested in understanding frauds in the banking sector in detail
Fraud and types of fraud in banks
- Motives behind financial fraud: Fraud triangle
- Understanding Human Behavior and the decision to steal
- Behavioral Red Flags of Perpetrators
Fraud in Cards
Fraud Techniques in cards
- Stolen or lost cards Fraud
- Account takeover Fraud
- Phishing Fraud
- Skimming Fraud
- Card not present (CNP) Fraud
- Fraudulent cards applications
- Data Breaches Fraud
- Counterfeit credit cards
- Mail non-receipt card Fraud
- Assumed Identity Fraud
- Oversharing
- Social engineering
- Credit cards fraud prevention
Fraud in Investment Banking
Investment & Securities Fraud Techniques:
- Affinity Fraud
- Advance Fee Fraud
- Binary Options Fraud
- High Yield Investment Programs
- Internet and Social Media Fraud
- Microcap Fraud
- Ponzi Scheme
- Pre-IPO Investment Scams
- Pyramid Schemes
- “Prime Bank” Investments
- Promissory Notes
- Pump and Dump Schemes
- Commodity Pool Fraud
- Foreign Currency Trading Fraud
- Precious Metals Fraud
- Investment & securities Fraud Prevention
Fraud in Treasury
Fraud in treasury Techniques:
- Payment Fraud
- Business Email Compromise ( BEC)
- Email Account Compromise ( EAC)
- Ransomware
- Cyber Theft / Data Breaches
- Swift Fraud
- Internal Fraud
- Evolving attack vectors
- Best Practices in Managing the risk
Fraud in Trade Finance
Trade Finance Fraud Techniques:
- Financial crime risks in Trade Finance
- The bank approach to risk assessment
- Mitigating and controlling risks
- Risk assessment
- Policies and procedures
- Due diligence
- Training & awareness
- AML Compliance
- Trade-based money laundering scenarios
- Red flags
- Trade Finance Fraud Prevention
Benefits of a Good Fraud Management System in Banking & Finance
Fee Per participant
USD 1250
Fees + VAT is applicable
Dates & Times
No course dates scheduled – click the below to request an in-house course
- Overview
-
Nowadays, the banking industry is facing an acute problem of fraud. The problem is global, and no country is fully protected. Fraudsters have become experts in hijacking online sessions: they steal client credentials and use malware to swindle funds from unaware account holders.
Fraud awareness is imperative across all areas of banking and finance with the rapid development of digital technology within the industry. Embedding anti-fraud procedures in the culture of a bank can be a mitigating factor to control the multiple risks presented.
This 4 sessions of live training on each topic will help delegates learn why people commit fraud, how to identify fraud risks in different departments of a bank, establish an anti-fraud culture and ensure fraud awareness in your organization
Learning outcome
- Understand why fraud occurs in financial markets and what motivates fraudulent behaviors
- Be aware of the main types of fraud methodology and emerging risks
- Learn how to prevent these frauds by using effective mitigation techniques
- Be familiar with the key methods used to manage fraud risk and detect fraud events
Target Audience
- All the employees working in the fraud division of banks and finance sector
- Managers and heads in organizations in the banking sector who need to understand fraud management
- Bankers and other executives involved in any transactional or operational function in banks
- Legal and financial advisors who can help combat fraud or provide expert advice in the event of fraud
- Potential shareholders who should understand the prospect of fraud in a financial institution
- Auditors who need to ensure adherence to required guidelines and universal standards
- Any other professional interested in understanding frauds in the banking sector in detail
- Course Outline
-
Fraud and types of fraud in banks
- Motives behind financial fraud: Fraud triangle
- Understanding Human Behavior and the decision to steal
- Behavioral Red Flags of Perpetrators
Fraud in Cards
Fraud Techniques in cards
- Stolen or lost cards Fraud
- Account takeover Fraud
- Phishing Fraud
- Skimming Fraud
- Card not present (CNP) Fraud
- Fraudulent cards applications
- Data Breaches Fraud
- Counterfeit credit cards
- Mail non-receipt card Fraud
- Assumed Identity Fraud
- Oversharing
- Social engineering
- Credit cards fraud prevention
Fraud in Investment Banking
Investment & Securities Fraud Techniques:
- Affinity Fraud
- Advance Fee Fraud
- Binary Options Fraud
- High Yield Investment Programs
- Internet and Social Media Fraud
- Microcap Fraud
- Ponzi Scheme
- Pre-IPO Investment Scams
- Pyramid Schemes
- “Prime Bank” Investments
- Promissory Notes
- Pump and Dump Schemes
- Commodity Pool Fraud
- Foreign Currency Trading Fraud
- Precious Metals Fraud
- Investment & securities Fraud Prevention
Fraud in Treasury
Fraud in treasury Techniques:
- Payment Fraud
- Business Email Compromise ( BEC)
- Email Account Compromise ( EAC)
- Ransomware
- Cyber Theft / Data Breaches
- Swift Fraud
- Internal Fraud
- Evolving attack vectors
- Best Practices in Managing the risk
Fraud in Trade Finance
Trade Finance Fraud Techniques:
- Financial crime risks in Trade Finance
- The bank approach to risk assessment
- Mitigating and controlling risks
- Risk assessment
- Policies and procedures
- Due diligence
- Training & awareness
- AML Compliance
- Trade-based money laundering scenarios
- Red flags
- Trade Finance Fraud Prevention
Benefits of a Good Fraud Management System in Banking & Finance
- Schedule & Fees
-
Fee Per participant
USD 1250
Fees + VAT is applicable
Dates & Times
No course dates scheduled – click the below to request an in-house course