Fraud Identification Training
Course Code: CSBS 9807          

Program Description:

A seasoned state bank regulator facilitates this interactive, on-line course, which includes analyzing 21 actual fraud cases, viewing PowerPoint presentations on audit, internal controls, and cyber banking, reflecting on and discussing specific fraud issues, and interacting with the other participants and the facilitator regarding these issues and the red flags associated with the fraud cases. To fully benefit from the course, you should participate on a regular basis (at least 2-3 times a week) in the threaded discussions.  The amount of time necessary to complete the activities is approximately six to eight hours per week. 

Topics Include:

• Fraud/Internal Controls Introduction:

  • Internal Control Program
  • Fundamentals Examining & Auditing Techniques
  • Facts About Fraud / Internal Controls Programs
  • Discovery of Fraud
  • Reasons Examiners & Auditors Do Not Deflect Fraud
  • Where Does Fraud Happen?
  • Fraud Detection Mindset
  • Common Characteristics of Bank Failures
  • Three Levels of Protection Against Fraud 

  Audits, Internal Controls, and Fraud:

  • External Auditing Programs
  • Reviewing Auditors’ Workpapers
  • Financial Statement Audit
  • Generally Accepted Auditing Standards (GAAS)
  • GAAS Sources on Internal Controls and Fraud
  • Objectives of GAAS Audit
  • Audit Risk Model
  • Error vs. Fraud
  • Fraud Risk Factors
  • Fraud Audit Response
  • Documentation and Reporting
  • Assessment of Control Risk

  Cyber-Banking:

  • Types of Cyber-Banking Fraud
  • Unauthorized Access
  • Computer Impairment/Disruption of Service
  • Theft/Modification/Alteration of Data
  • Cyber-Crime Motives and Intent
  • Security Challenges
  • Regulatory Response
  • Privacy Issues
  • Risk Assessment Tools and Practices

  Money Laundering – Basic Techniques and Schemes:

  • Traditional Laundering Techniques - Banking Sector
  • Traditional Laundering Techniques - Non Banking Sector
  • Emerging Threats - Banking Sector
  • Emerging Threats - Non Banking Sector
  • Structuring
  • Remittance Schemes
  • Pouch Activity Schemes
  • Black Market Peso Exchange
  • Professional Services Providers
  • Deposit Brokers

Who Should Attend:

All bank personnel.