Fraud Detection, Prevention and Reporting

Fraud poses a major threat to the banking and finance industry. It can have a devastating impact on victims and a firm’s profitability. Firms have been taking steps to protect themselves against fraud losses and offer protection for consumers. However, the question is, how effective are these steps in the prevailing changing payments landscape and internet banking?
Course Description & Duration 
This course has been designed for managers, supervisors and staff within the banking and finance industry to gain enhanced awareness of the various fraud typologies and anti- fraud procedures that regulators expect firms to adopt in tackling both internal and external fraud. The course also examines how leading banks are using digital technology and innovation to prevent potential fraud by criminals who are constantly evolving their criminal methodologies to discover new opportunities for crime. Discussion points are captured in a hand-out. 
 
This course is offered as a full day workshop. 
 
Course Outline 
  • Overview of the various fraud typologies, cyber-crimes/scams and the changing
    payments landscape. (Authorised and unauthorised fraud, mobile payments frauds,
    purchase scams, investment scams, romance scams and advance fees scams).
  • Examine how firms can tailor their anti-fraud controls to the fraud typologies specific
    to their business model.
  • Discuss processes to put in place for detecting and preventing fraud risk posed by
    third parties (Data Breaches).
  • Discuss processes to put in place for detecting and preventing internal fraud,
    including whistle blowing processes for staff to report internal fraud or inappropriate
    conduct.
  • Group Exercise- case study on the identification of predicate offences that apply in
    fraud investigations and the evaluation of financial data in a fraud/corruption
    investigation.
 
Training Outcomes 
By the end of the training, delegates will be able to: 
  • Outline the various fraud typologies and understand the current trends in cyber- crime & telephone scams enhanced by the growth in payments and internet banking. 
  • Discuss procedures to implement for internal & external fraud detection/prevention. 
  • Learn how other banks in the developed world are using technology and innovation to detect and prevent potential fraud. 
  • Explain how other banks, regulator and law enforcement agents are collaborating to fight the growing threat of cyber-crime and scams. 
  • Understand techniques to secure transactions and mitigate associated risks.

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Opsel Compliance Consultancy Services, Ltd, 
34 Chaffinch Avenue, 
Croydon, 
CR0 7SE
 
+44 (0)7950377849 
 
info@opselcompliance.com 
 
 Opsel Compliance Consultancy Services, Ltd, registered in England with company number 11570294. Registered address: 34 Chaffinch Avenue, Croydon, CR0 7SE
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