Fraud Identification Training (CS201-Accelerated)

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Course Description:

A seasoned state bank regulator facilitates this interactive, on-line course. The 5-week course consists of many activities, including:

  • Analyzing 21 actual fraud cases
  • Viewing PowerPoint presentations on audit, internal controls, and cyber banking
  • Reflecting on and discussing specific fraud issues
  • Interacting with the other participants and the facilitator regarding these issues and the red flags associated with the fraud cases.

To fully benefit from the course, you should participate on a regular basis (at least 2-3 times a week) in the threaded discussions.  The amount of time necessary to complete the activities is approximately six to eight hours per week. 

Topics include:

Fraud/Internal Controls Introduction:

  • Internal Control Program
  • Fundamentals Examining & Auditing Techniques
  • Facts About Fraud / Internal Controls Programs
  • Discovery of Fraud
  • Reasons Examiners & Auditors Do Not Deflect Fraud
  • Where Does Fraud Happen?
  • Where To Look?
  • Fraud Detection Mindset
  • Common Characteristics of Bank Failures
  • Three Levels of Protection Against Fraud 

Audits, Internal Controls, and Fraud:

  • Overview
  • External Auditing Programs
  • Reviewing Auditors’ Workpapers
  • Financial Statement Audit
  • Generally Accepted Auditing Standards (GAAS)
  • GAAS Sources on Internal Controls and Fraud
  • Other Sources
  • Objectives of GAAS Audit
  • Audit Risk Model
  • Error vs. Fraud
  • Fraud Risk Factors
  • Fraud Audit Response
  • Documentation and Reporting
  • Assessment of Control Risk

Cyber-Banking:

  • Types of Cyber-Banking Fraud
  • Unauthorized Access
  • Computer Impairment/Disruption of Service
  • Theft/Modification/Alteration of Data
  • Cyber-Crime Motives and Intent
  • Security Challenges
  • Regulatory Response
  • Privacy Issues
  • Risk Assessment Tools and Practices

Money Laundering – Basic Techniques and Schemes:

  • Traditional Laundering Techniques - Banking Sector
  • Traditional Laundering Techniques - Non Banking Sector
  • Emerging Threats - Banking Sector
  • Emerging Threats - Non Banking Sector
  • Structuring
  • Remittance Schemes
  • Pouch Activity Schemes
  • Black Market Peso Exchange
  • Professional Services Providers
  • Deposit Brokers

Real Life Case Studies:

  • Augusta Bank & Trust
  • Floor Plan Lending
  • Phantom Accounts in Cyberspace
  • The Case of the Loan Ranger
  • Second Avenue Bank
  • The Case of the “Flip Side”
  • Wire Transfer Activity
  • Jettison Bank
  • Aqua Valuation
  • High Flying Bank – Check Kiting
  • The Case of Friendly Fraud
  • Accommodating Officer
  • The Case of Misplaced Trust
  • PTC Arrangement
  • The Case of “It’s on the House”
  • The Amortizing Debt
  • Salvage Yard
  • Williams State Bank
  • The Case of “Please Release Me”
  • The Case of “How Can We Lose”
  • The Broken Printer

 

 

Enrollment Form

Download and print an enrollment form from here, complete and fax to 904-354-1834