Banking Best Practices to Prevent Fraud
Protect your organization and strengthen your anti-fraud strategies with the Banking Best Practices to Prevent Fraud CPE Training Event. This intensive two-hour program is designed for internal auditors, compliance officers, and banking professionals committed to staying ahead of emerging fraud trends and elevating their institution's defenses. Gain practical insights while earning 2 Continuing Professional Education (CPE) credits to support your professional growth.
Why Attend?
Understand the Evolving Fraud Landscape
Learn about the latest trends in banking fraud, from data theft to sophisticated scams, and discover how fraud is transitioning to an industrialized model.
Improve Anti-Fraud Efforts
Equip yourself with actionable strategies and best practices to combat the "Fraud Industry" with modern, effective tools and techniques.
Stay Compliant with Industry Standards
Gain a deeper understanding of regulatory frameworks and how to align your practices with industry expectations to protect your organization.
Earn 2 NASBA-Approved CPE Credits
Fulfill your professional education requirements with a focused training tailored for banking and compliance professionals.
What You’ll Learn
This engaging seminar explores comprehensive strategies to help you protect your institution and customers from fraud. Topics include:
1. Emerging Fraud Trends
- An overview of modern fraud tactics, including data theft and large-scale coordinated attacks.
- Insights into fraudsters’ strategies to bypass detection systems and design unflagged transactions.
2. Developing Robust Anti-Fraud Processes
- Best practices for implementing effective fraud detection systems and improving internal controls.
- Integration of advanced technologies like real-time monitoring and AI-driven fraud detection.
3. Regulatory Compliance and Organizational Alignment
- Understanding how regulatory pressures shape anti-fraud efforts.
- Steps to centralize financial crime responsibilities and enhance inter-department collaboration.
4. Proactive Customer and Stakeholder Engagement
- Techniques to educate and communicate with customers on identifying potential fraud risks.
- Building trust and strengthening customer relationships through transparency and security measures.
5. Practical Application in Financial Institutions
- How to detect fraud early and manage fraud investigations effectively.
- Strategies to analyze and improve internal control systems to mitigate risks.
Event Details
This impactful training event is designed to deliver essential anti-fraud knowledge to finance professionals in a time-effective manner.
- Format: Group internet-based training.
- Schedule: Offered every eight weeks on Mondays, 10:00 a.m.–12:00 noon (Central Time).
- Cost: $140 per participant.
- Group Options: Custom scheduling available for teams of two or more attendees.
Target Audience
This seminar is ideal for professionals dedicated to strengthening fraud prevention within their organizations, including:
- Internal Auditors: Gain insights into modern fraud detection practices.
- Compliance Officers: Learn to align anti-fraud strategies with regulatory expectations.
- Banking Leaders and Managers: Enhance institutional trust and customer security.
Why Anti-Fraud Expertise Matters
Fraud prevention is more critical than ever in today’s financial ecosystem. With fraud activities adopting increasingly sophisticated methods, understanding how to stay ahead of emerging threats is indispensable for protecting both your institution and its customers.
This training event empowers attendees with knowledge and strategies to address each stage of fraud—from detection to resolution—helping create a secure financial environment and maintaining organizational integrity.
Register Today
Invest in your expertise and the security of your organization by attending the Banking Best Practices to Prevent Fraud CPE Training Event. With actionable insights and two CPE credits, this event will prepare you to tackle fraud challenges head-on and position your institution as a leader in financial security.
Sign up now to take your anti-fraud strategies to the next level!
Details on Event Presentation
Offered every eight weeks on Mondays at 10:00 a.m. to 12:00 noon Central Time in two CPE-Credit event.
We can schedule private events on your timetable for two or more attendees.
NASBA Program Disclosures
Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing
CPE Credits: 2, based on 50 minutes of instruction per hourCPE Event Highlights
The event covers fraud in the retail banking industry. The event will cover:
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Reasons for focus on fraud: it is not just the money.
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Two step process: Identity and Execution.
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Specific identity aspects of frauds.
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Payment systems issues (check image, ACH growth).
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Credit issues (cards and loans).
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Centralizing financial crime responsibilities.
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Eight points where fraud can be addressed by a bank.
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Four ways to add value to your bank.
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Learning Objectives
This CPE training event will provide valuable assistance to all personnel with anti-fraud responsibilities in banks or other financial institutions. It will cover the following learning objectives:
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How to design internal controls and compliance programs,
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Activities to detect fraud attempts,
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Managing the investigation of fraud alerts,
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Analyzing internal control improvement options,
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Understanding fraud perpetrators' strategies and techniques.
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Key Issues on the Agenda
The major agenda items within this intense CPE training event are:
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Preventing Fraud in Banking
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Bank Best Practices to Prevent Fraud
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Improving Anti-fraud efforts at your Institution
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Summary of the Subject Matter
This CPE event "Banking Best Practices to Prevent Fraud" encompasses a comprehensive exploration of strategies and methodologies aimed at safeguarding financial institutions against fraudulent activities. The event delves into the evolving landscape of fraud within the banking sector, offering actionable insights to mitigate risks and protect both customers and financial assets.
Key areas of focus include:
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Emerging Fraud Trends: The event sheds light on the latest trends in banking fraud, encompassing technological advancements, social engineering tactics, and evolving cyber threats. Attendees gain a deep understanding of the dynamic nature of fraudulent activities and the imperative to stay ahead of emerging trends.
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Regulatory Compliance and Anti-Fraud Measures: The event provides valuable guidance on compliance requirements and industry best practices for fraud prevention, emphasizing the role of regulatory frameworks in shaping robust anti-fraud measures within banking institutions.
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Technological Solutions and Innovations: Attendees receive insights into cutting-edge technologies and innovative solutions designed to fortify banking systems against fraud, including advanced authentication techniques, real-time monitoring tools, and artificial intelligence-driven fraud detection mechanisms.
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Customer Education and Communication: The event underscores the significance of proactive customer education as a pivotal component of fraud prevention. Strategies for effective communication with customers regarding potential fraud risks and security best practices are highlighted, enabling attendees to enhance customer awareness and resilience.
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Collaborative Approaches and Industry Partnerships: The event advocates for collaborative efforts and partnerships within the banking industry to combat fraud effectively. Attendees gain insights into successful collaboration models and industry initiatives aimed at strengthening the collective resilience against fraudulent activities.
Through an in-depth exploration of these core subject matters, the event equips attendees with actionable knowledge and practical strategies to fortify their organizations against fraud, fostering a secure and resilient banking ecosystem.
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Authoritative Sources
Expanding one's knowledge after a CPE event on Banking Best Practices to Prevent Fraud is crucial for staying updated on industry standards and enhancing fraud prevention strategies. Here are some authoritative sources, along with their web links, to further enrich your understanding:
- Banking Compliance Resources by BankersOnline
- BankersOnline provides a wide array of resources related to banking compliance, fraud prevention, and regulatory guidance, offering valuable insights into best practices for preventing fraud within the banking sector.
- The Association of Certified Fraud Examiners (ACFE)
- ACFE serves as a reputable resource for in-depth information on fraud examination, delivering research, publications, and educational resources specific to fraud prevention best practices within the banking industry.
- The Institute of Internal Auditors (IIA) - Banking and Financial Services Audit Center
- The IIA's Banking and Financial Services Audit Center offers specialized resources, training, and publications tailored to the unique challenges of auditing and fraud management within the banking sector, equipping attendees with industry-specific insights and best practices.
By delving into these authoritative sources, attendees can continue to build upon the insights gained from the CPE event, fostering a deeper understanding of banking best practices for fraud prevention and staying informed about the latest industry standards
- Banking Compliance Resources by BankersOnline