improving-anti-fraud-efforts-at-your-institution

Improving Anti-fraud Efforts at Your Institution

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Live Webinar | CEU Approved

  • 60 minutes
  • 3 Days Left
     Aug 29, 2019
  •   01:00 PM - 02:00 PM ET
    10:00 AM - 11:00 AM PT

Fraud is of more concern to banking leaders today than ever before. This is driven by national media coverage, actual dollar losses, the attack on trust (which is key to customer relationships), and costs to allay customer concerns, changing regulatory environment, and changes in how fraud efforts are being organized. Fraud is no longer just a “cottage industry”, it is moving to an industrial model where specialists steal data and sell it to others who organize high-volume attacks by multiple perpetrators. Banks cannot combat the “Fraud Industry” with yesterday’s methods.

There are reasons to believe that fraud losses are actually higher than recognized. Some fraud losses are buried in card interchange fees. A significant amount of fraud losses likely get reported in banks’ accounting as credit losses. But they weren’t due to poor credit decisions, they were fraud scams from day-one.

Join this session by expert speaker Jim George, where he will discuss centralizing financial crime responsibilities.

Session Highlights:

  • Reasons for focus on fraud, it is not just the money

  • Two-step process: Identity and Execution

  • Specific Identity aspects of frauds

  • Payment systems issues (check image, ACH growth)

  • Credit issues (cards and loans)

  • Eight points where fraud can be addressed by a bank

  • Four ways to add value to your bank

Why You Should Attend:

This webinar will provide valuable assistance to all personnel with anti-fraud responsibilities in banks or other financial institutions:

  • Designing controls and compliance

  • Detecting fraud attempts

  • Managing the Investigating of fraud alerts

  • Analyzing controls improvement options

  • Understanding fraud perpetrators’ strategies and techniques

Who Should Attend:

  • Bank Officers

  • Brokers

  • Credit unions

  • Retail Banking Leaders

  • Risk and Compliance Officers

  • Loss Control Managers

  • Financial Institutions, who working in deposits, credit cards and other product areas subject to fraud losses at any management level 


Advanced Preparation: None

Program Level: Intermediate

Prerequisites: Basic knowledge of Fraud

Field of Study: Finance


*You may ask your Question directly to our expert during the Q&A session.

** You can buy On-Demand and view it as per your convenience.

Jim  George

Jim George

Jim George is an independent consultant to banks focusing on issues of risk and compliance, AML, and fraud. He brings over 25 years as a consultant to major banks in Associate Partner and Principal roles at PriceWaterhouse-Coopers Consulting, and IBM Consulting in Bank Risk and Compliance. Jim was the lead consultant to a major Federal Justice Department Taskforce investigating money laundering in Miami.

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Edupliance 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.

For more information regarding administrative policies such as complaint and refund, please contact our offices at 844- 810-1151.

PLEASE NOTE: To receive credit through the NASBA for this program you MUST attend the Live program in its entirety and complete the required progress checks.

Number of CPE Credits Awarded for This Course: Finance - 1.0

Delivery Method: Group Internet Based

Want to attend in a Group? Call 844-810-1151 and Save upto 50%

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