top of page
Banking Best Practices to Prevent Fraud

Banking Best Practices to Prevent Fraud

This event takes a serious look at preventing fraud in the retail banking organization. It gives you an excellent overview of financial institutions' best practices to prevent fraud. Improve your institution's anti-fraud efforts by expanding your expertise in this area.


Fraud is of more concern to banking leaders today than ever before. These concerns are driven by national media coverage, social media reports, actual dollar losses, the attack on trust (which is key to customer relationships), costs to allay customer concerns, the 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. Software is widely installed to identify specific patterns and "unusual" transactions. But the fraudsters know this and are constantly striving to create fraud patterns where their transactions are designed to remain unflagged. Like in a game of chess, the advantage belongs to the side that thinks the most moves ahead.


This timely, two-hour CPE training event is designed for the internal auditor, compliance professional and others who wish to improve their fraud prevention and detection tradecraft skills.


Each attendee will receive 2 CPE Hours (YB). A certificate of completion will be provided.


Program Level of Understanding: Basic

Prerequisites: None

Advance Preparation: None

Delivery Format: Group Internet Based

NASBA Field(s) of Study: Business Ethics

CPE Credits: 2, based on 50 minutes of instruction per hour

  • Details on Event Presentation

    Being offered twice a quarter on Mondays at 10:00 a.m. to 12:00 noon Central Time.

  • CPE Event Highlights

    The event covers fraud in the retail banking industry. The event will cover:

    • 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).

    • Centralizing financial crime responsibilities.

    • Eight points where fraud can be addressed by a bank.

    • Four ways to add value to your bank.

  • 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:

    • How to design internal controls and compliance programs,

    • Activities to detect fraud attempts,

    • Managing the investigation of fraud alerts,

    • Analyzing internal control improvement options,

    • Understanding fraud perpetrators' strategies and techniques.


  • Key Issues on the Agenda

    The major agenda items within this intense CPE training event are:

    • Preventing Fraud in Banking

    • Bank Best Practices to Prevent Fraud

    • Improving Anti-fraud efforts at your Institution

bottom of page