Banking Security and Fraud Detection

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.