FRAUD DETECTION AND CONTROL

Duration: 5 days

OBJECTIVES

Upon completion of the programme, participants will be able to:

• Identify the various frauds in various transactions.
• Take necessary steps to avoid and minimize frauds.
• Carry out effective investigations.
• Facilitate introduction of improved controls.
• Understand the importance of lawfully and ethically conducting banking business.
• Create industry networks to combat frauds.

CONTENT

• Bank frauds
• Frauds in Deposit Accounts
• Detection of Forgeries and Identification of Signatures
• Frauds in Advances
• Frauds in Remittances
• Credit Card Operations/Plastic Card Fraud
• Frauds in Foreign Exchange
• Security for Travellers Cheques
• Forgery in Currency Notes
• Money Laundering
• Money Laundering - Examples of Suspicious transactions
• Frauds in Computerized Environment
• Frauds in Computer/Information Technology (IT) Environment - Banking Operations
• Legal Issues in Prevention of Fraud
• Modus Operandi - Adopted by the Bank Staff in perpetrating Frauds
• Role of Central Banks, on-site and off-site surveillance
• Reported Cases on Bank Frauds

TARGET GROUP

• Supervisors & Managers in the departments of Operations, Finance, Risk, Purchasing % Administration.
• Internal Auditors.
• Corporate Lawyers.

FORMAT

Lectures, interactive discussions and case studies.