Financial Fraud Prevention Certification

Regulatory expert Timothy Dunfey will steer this comprehensive series, ensuring you're equipped with essential knowledge for fraud prevention, detection, and reporting. Heighten your awareness and increase value with this informative webinar series.

Benefits of Certification

  • Understand what causes fraud, who commits fraud, who the victims of fraud are, and how it can be detected and prevented.
  • Learn different requirements for handling Credit Card and Debit Card Fraud.
  • Understand Fraud Reporting Requirements.
  • Explore how fraud has changed since the Covid-19 pandemic.
  • Recognize the red flags for numerous types of fraud.
Financial Fraud Prevention Certification
Live Session
Certification

5 Live Sessions

Each 60 Minutes

Monday - Friday

Q&A Included

Date Options

$1,374.00
Qty
All
Add On Demand Recordings to your Live Sessions
On Demand Recordings only (Available now)
INFORMATION
Training Overview

Are you prepared for fraudulent attacks? Discover prevention strategies and cultivate an anti-fraud culture.

Recent data reveals a significant surge in fraudulent attacks, with over 70% of credit unions reporting heightened levels of fraud. Fraud has become an epidemic that is affecting everyone. Financial institutions play a pivotal role in protecting clients and preventing fraud. Fraud is both a big business with Transnational Criminal Organizations (TCOs) and state actors using artificial intelligence on a large scale, as well as occurring on a personal basis at small businesses. It is more important than ever that you are prepared and aware.


This Certification will explain the various types of fraud that financial institutions encounter, the red flags for each, the steps that must be taken once fraud is suspected or detected, and how fraud can be prevented. This course will cover fraud through multiple payment types, fraud by insiders, mortgage fraud, healthcare fraud, elder financial exploitation, and more.


The five-session Financial Fraud Prevention Certification training program will enable you to:

  • Understand what causes fraud, who commits fraud, who the victims of fraud are, and how it can be detected and prevented.
  • Learn different requirements for handling Credit Card and Debit Card Fraud.
  • Understand Fraud Reporting Requirements.
  • Explore how fraud has changed since the Covid-19 pandemic.
  • Recognize the red flags for numerous types of fraud.


Each session offers targeted insights into fraud prevention, ensuring participants gain essential knowledge and strategies.

Financial Fraud Prevention Certification

Webinar 1: Understanding the Nature of Fraud

  • What Causes Fraud
  • Motivations behind fraudulent activities.
  • Economic, social, and technological factors contributing to fraud.
  • Who Commits Fraud
  • Profile of typical perpetrators including individuals,
    organized crime, and state actors.
  • Victims of Fraud
  • Identification of potential targets, including individuals, businesses, and financial institutions.
  • Detecting and Preventing Fraud:
  • Techniques for recognizing and addressing fraudulent behavior.
  • Proactive measures for fraud prevention within financial institutions.

Webinar 2: Recognizing Red Flags and Early Warning Signs

  • Identifying Red Flags
  • Common indicators signaling potential fraudulent activities across various fraud types.
  • Behavioral, transactional, and contextual cues for
    detecting suspicious behavior.
  • Early Warning Systems
  • Implementation of proactive monitoring systems for detecting red flags in real time.
  • Training and awareness programs to empower staff in recognizing and responding to fraud indicators.

Webinar 3: Credit, Debit Card, and Other Types of Payments Fraud

  • Requirements for Credit Card Fraud
  • Specific protocols for identifying and responding to credit card fraud.
  • Best practices for minimizing risks associated with credit card transactions.
  • Handling Debit Card Fraud
  • Distinctive considerations for detecting and mitigating debit card fraud.
  • Compliance requirements and regulatory standards for managing debit card fraud incidents.
  • Check Fraud Prevention
  • Implement multifaceted check fraud prevention strategies.

Webinar 4: Payroll Protection Program, Loan Fraud and Fraud By Insiders

  • Changing Dynamics of Fraud
  • Shifts in fraud patterns and trends in the aftermath of the COVID-19 pandemic.
  • Emerging threats and vulnerabilities in the post-pandemic financial landscape.
  • Technological Adaptations
  • Leveraging technology and data analytics to combat evolving fraud schemes.
  • Enhancing cybersecurity measures to mitigate pandemic-related fraud risks.
  • Payroll Fraud
  • Time clock abuse, falsification of wages, commission and bonus fraud, ghost employee fraud, and payments after termination.

Webinar 5: Fraud Reporting and Compliance

  • Fraud Reporting Requirements
  • Obligations for reporting suspected or detected fraudulent activities.
  • Legal and regulatory frameworks governing fraud reporting in financial institutions.
  • Compliance Standards
  • Adherence to industry standards and best practices in fraud prevention and reporting.
  • Internal protocols for ensuring compliance with fraud reporting regulations.
Recommended Audience
Who Should Attend?
  • BSA and Financial Crimes Compliance Officers
  • Financial Crime Compliance Staff
  • Business Unit and Department Managers
  • Bank Compliance Staff
  • Business Unit and Department Managers
  • Compliance professionals
  • Internal and external auditors
  • Audit committee members
  • Risk officers and managers
  • Enterprise risk management staff
  • Fraud managers
  • Deposit operations team
  • Deposit operations managers
  • BSA department
  • Compliance officers and staff
  • Other financial institution professionals with career
    aspirations
About

Expert Presenter

Timothy Dunfey
  • Financial crimes compliance attorney and consultant with over 20 years of experience in financial services management, sales, operations, and compliance
  • Currently overseeing legal and compliance matters for a credit card company
  • Previously Compliance Officer at Citibank, overseeing EDD for the highest risk customers, and Deputy BSA Officer at Great Florida Bank
  • As a consultant with Promontory Financial Group, represented boards regarding regulatory deficiencies, managed numerous FCC improvement projects, and conducted audits and risk assessments across a wide variety of financial institutions J.D. degree

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