Fraud Detection and Prevention in Banks
Category : Banking
Duration: 5 days
Fraud remains a significant threat to the banking sector, with increasingly sophisticated techniques being used by criminals. This training provides participants with the knowledge to detect, prevent, and respond to fraud in banking operations. Topics include the latest fraud detection techniques, regulatory requirements, and best practices for fraud risk management.
Learning Objectives
Understand the common types of fraud in banking
Implement fraud detection and prevention strategies
Use data analytics and AI for fraud detection
Comply with fraud prevention regulations
Training Program
Introduction to Fraud in Banking
Types of fraud: internal, external, cyber fraud, and money laundering
The impact of fraud on banking operations and financial performance
Quiz: Identify different types of banking fraud
Fraud Detection Techniques
Using AI and data analytics to detect fraud patterns
Transaction monitoring and red flag indicators
Practical case: Implement a fraud detection system for a retail bank
Fraud Prevention Strategies
Best practices for fraud risk management
Internal controls, segregation of duties, and employee training
Practical case: Develop a fraud prevention policy for a financial institution
Cybersecurity and Digital Fraud
The role of cybersecurity in preventing digital fraud
Phishing, hacking, and identity theft prevention
Practical case: Propose a cybersecurity strategy to prevent digital fraud in online banking
Regulatory Requirements for Fraud Prevention
Regulatory frameworks and compliance (AML, KYC, FATF)
Reporting requirements for fraud incidents and suspicious activities
Practical case: Prepare a fraud prevention report for regulators
Key Points
Numerous practical examples illustrating the different studied concepts
Practical cases to draw parallels with the concepts learned
Who Should Attend This Training
Fraud investigators and compliance officers
Risk managers in banks
IT and cybersecurity professionals
Internal auditors
Prerequisities
Basic knowledge of banking operations and risk management
Teaching Methods
Training structured around skill transfer
Acquisition of operational skills through practice and experimentation
Collaborative learning during synchronous sessions
Multi-stage learning path to allow engagement, learning, and transfer
Training promoting participant engagement for better anchoring of lessons
Satisfaction and Evaluation
Skill evaluation will be conducted throughout the training by the participant (self-evaluation) and/or the trainer according to the training methods.
Online training evaluation on your participant space:
Immediate evaluation at the end of the training to measure your satisfaction and perception of skill improvement against training objectives. With your agreement, your overall rating and comments will be published on our site via Verified Reviews.
Post-training evaluation 40 days later to validate the transfer of your acquired skills in the workplace
Attendance tracking and issuance of an individual training certificate or a certificate of completion
LONDON
128 City Road, EC1V 2NX London
PARIS
38 Rue Boulard, 75014, Paris