Fundamentals of Fraud Workshop, Session 1Federal Financial Institutions Examination Council (FFIEC) and Other Agency Courses

Type of Participant Targeted

The Fundamentals of Fraud Workshop is intended for safety-and-soundness examiners with a minimum of 18 months examination experience with a need for skills in transaction testing and funds tracing. Experienced examiners should not attend.

Course Overview

This course is designed to enhance participants' fraud knowledge, analytical skills, and ability to assess operational risk. The course is divided into five modules and centers on a case study involving a one-week, on-site examination of a mythical financial institution. Each module begins with PowerPoint presentations that introduce participants to basic fraud concepts, techniques for detecting fraud, and other knowledge required for completing the case study.

Course Objectives

At the end of the course, participants will be able to

• describe the basic types of fraud,
• identify fraudulent activities,
• research transactions and trace funds,
• identify red flags to the fraud types uncovered in the class,
• identify and manage documents,
• explain the requirements for filing Suspicious Activity Reports (SARs), and
• explain the effects of fraud on a financial institution's risk profile.

Length

The length of the Fundamentals of Fraud Workshop is four days. It begins on Monday at 1:00 p.m. and ends on Friday at 12:00 noon.

Return to top