Banking Security and Fraud Detection

Guidelines for Security & Fraud

5 Found
Date Duration Venue Fees
05-09 Aug 2024 5 Days Dubai - UAE US$4,450 Register

Course Overview

The Association of Certified Fraud Examiners (ACFE) published that fraud costs organization about 5 % of their annual revenues worldwide. This translates to a potential projected global fraud loss of approximately $3.7 trillion. The seriousness of this issue is the main reason to push banks all over the world to raise awareness about it among their staff and customers

This unique training course will show you how to combat fraud more effectively and economically, and discover what you can do to protect your organisation or bank from fraud. Learn about management’s responsibilities for preventing fraud and effective security controls to aid in this effort. This training course will take you further into leading techniques to manage the risk of fraud and cut its ongoing cost for all types of entities.

Course Objectives

By the end of this course, delegates will be able to understand:

  • Understand the types of fraud & financial crimes
  • Differences between fraud deterrence and detection
  • Identify the red flags of fraud
  • Apply suitable security controls and policies over assets and revenues
  • Develop controls and procedures to minimise the eventuality of fraud
  • Identify deficiencies, assess cost/benefit effectiveness and implement a course of action
  • How to mitigate the risk and cost of fraud in your organisation

Target Audience

Everyone involved in the global financial services industry (as a provider, Senior Management, User, AML/ Compliance Professionals, Auditors, Consultants, Analysts, Lawyers, Accountants, Regulators, or Advisor of products or services, and marketplace or exchange) would benefit from this course. This course is also suitable for a wide range of finance industries, such as:

  • Supervisory Agencies
  • Central Banks
  • Financial Institutions
  • Commercial Banks
  • Investment Banks
  • Housing Societies/Thrifts
  • Mutual Funds
  • Brokerage Houses
  • Stock Exchanges
  • Derivatives Exchanges
  • Insurance Companies
  • Multinational Corporations
  • Accountancy Firms

Training Methodology

This training course is based on the adult learning concept. It incorporates short inspiring lectures with structured lessons from the learning manual; captivating PowerPoint slides with videos to enhance learning; ongoing discussions with action planning; ample time for Q&A; training activities to reinforce key concepts within a fun learning environment.

Pre & Post course assessments will be used to measure the effectiveness of this training and measure the skill and ability of participants.

Course Outline

Module One

Introduction to Banking Security

  • Definition of Banking Security
  • The Security Features of the Bank
  • Principles of Banking Security
  • The Types of Security
  • The Scale of the Problem
  • Maintaining Bank Security
Module Two

Security & Internal Control

  • What are Internal Controls?
  • Why are ‘Internal Controls’ Important?
  • The Purposes of Internal Controls
  • The Setting Standards and International Bodies to Fraud
  • The National Frameworks and Regulatory Bodies
  • The Wider Context for Financial Crime Risk and Regulation in your Country
Module Three

Cyber Security: Spam, Scams, and Identity Theft

  • What is Spam
  • Understanding spam
  • Online scams
  • Scareware
  • 419 Scam
  • Identity theft
Module Four

Overview on Fraud

  • What is Financial Fraud ?
  • The Scale of the Problem
  • Who Commits Fraud?
  • Fraud Risk Assessment
  • Roles & Responsibilities of the Various Department
  • Fraud Types in Financial Institutions
Module Five

Fraud of Banks

  • Embezzlement Schemes
  • Loan Fraud
  • Wire Fraud Scheme
  • Cheque and Credit Card Fraud
  • Types of Bank Account Fraud
  • Bank Account Fraud Detection
Module Six

Fraud Risk Management

  • Key Elements of the Control Environment that Relate to Managing Fraud Risk
  • Assessment of Fraud Risks
  • Elements of an Effective Anti-Fraud Program
  • Evaluation of Anti-Fraud Measures
  • Fraud Detection
  • Fraud Prevention
Module Seven

Best Practices in Banking Security & Fraud Detection

  • Importance of an Ethical Corporate Culture
  • How Such an Anti-Fraud Culture looks like
  • How to Increase the Level of Employee Fraud Awareness in an Organization
  • How to Design and Implement Entity-Wide Controls to Prevent Fraud
  • Roles and Responsibilities of Different Parties throughout the Organization with Regard to Managing Fraud Risk


Upon successful completion of this training course, Newage Certificate will be awarded to the delegates.

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