Preventing and detecting financial institution fraud

Given that trillions of dollars’ worth of assets move through financial institutions on a daily basis, it is not surprising that these organisations are among the top targets of fraud. The risk of fraud against financial institutions comes from every direction—customers, corrupt employees, and anonymous third parties.

This course explores fraud schemes against financial institutions and recommends controls and techniques designed to prevent and detect each type of scheme. The specific schemes include embezzlement and internal fraud, customer schemes, loan fraud, fraud by third parties, money laundering, and institutional schemes