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Developing an Effective Fraud Risk Management Program

Start Date:
Wednesday, 26 July, 2017
End Date:
Wednesday, 26 July, 2017 2:00pm
Business Practice

Key Take AwayThis AML compliance webinar will look at various ways in which a financial institution or business may fall victim to fraud and ways in which such financial institution or business may develop a risk management to detect suspect fraud.OverviewRisk of fraud is one of the types of fraud encountered by organizations today. If not addressed on time, it can bring disastrous results. Building effective fraud risk management program is a must.

To do this, you must have tangible understanding of how and why fraud is carried out.Why Should You AttendDid you that organizations tend to lose approximately 5% of their annual revenues to fraud? Unfortunately, most of the risk management personnel tend to misjudge the role of fraud in the scope of their duties. It is very important that organizations focus on risk and take steps to deter fraud. But, without clear objectives, it is not possible to have an effective fraud risk management program.Areas Covered In This Webinar· Fraud - what is it and some recent case examples · Some ways in which fraud can be manifested· Developing a risk management program to identify potential fraud· Indicators or "red flags" which can help to identify instances of possible fraud· What to do when potential fraud is found or identified· How to confront a person or company committing fraud· Some recent notable cases involving fraud Learning Objectives· Identify, evaluate and manage fraud risks from all sources· Support fraud risk management proposals by launching an anti-fraud culture· Develop a system of internal controls to address the entity's fraud risks Who Will BenefitBanks and other financial institutionsCredit UnionsFinancing companiesRisk ManagersSecurities DealersAML Compliance OfficersHeads/Directors of AML ComplianceAnti-Money Laundering InvestigatorCCOs (Chief Compliance Officers)MLROs, (Money Laundering Reporting Officers) For more detail please click on this below link: Email: referrals@atozcompliance.comToll Free: +1- 844-414-1400Tel: +1-516-900-5509 Fax: +1-516-300-1584


2754 80th Avenue,
New Hyde Park,
New York,

Organizer Details

Conference organized by AtoZ Compliance

This ACH compliance training explores areas where the Regulation E and the ACH Rules don't always align and provides handling recommendations. Book now!

2754 80th Avenue, New Hyde Park, NY, 11040

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