Download Financial Services Anti-Fraud Risk and Control Workbook by Peter Goldmann PDF

By Peter Goldmann

Myth-busting tips for fraud preventionin a realistic workbook format

An very good primer for constructing and enforcing an anti-fraud application that works, monetary prone Anti-Fraud chance and keep an eye on Workbook engages readers in an soaking up self-paced studying event to increase familiarity with the sensible features of fraud detection and prevention at banks, funding enterprises, credits unions, insurance firms, and different monetary prone providers.

Whether you're a financial institution govt, auditor, accountant, senior monetary govt, monetary companies operations supervisor, personal loan officer, regulator, or examiner, this useful source provide you with crucial assurance of:

  • How fraudsters make the most weaknesses in monetary companies organizations

  • How fraudsters imagine and operate

  • The tell-tale indicators of alternative forms of inner and exterior fraud opposed to monetary companies companies

  • Detecting corruption schemes comparable to bribery, kickbacks, and conflicts of curiosity, and the numerous leading edge kinds of monetary documents manipulation

  • Conducting a profitable fraud hazard assessment

  • Basic fraud detection instruments and strategies for monetary companies businesses, auditors, and investigators

  • Fraud prevention classes from the monetary meltdown of 2007-2008

Written through a famous specialist within the box of fraud detection and prevention, this potent workbook is stuffed with interactive workouts, case reports, and bankruptcy quizzes, and stocks industry-tested tools for detecting, fighting, and reporting fraud.

Discover easy methods to mitigate fraud dangers on your association with the myth-busting ideas and instruments in monetary providers Anti-Fraud danger and regulate Workbook.

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Financial Services Anti-Fraud Risk and Control Workbook

Myth-busting tips for fraud preventionin a pragmatic workbook formatAn very good primer for constructing and imposing an anti-fraud software that works, monetary companies Anti-Fraud probability and regulate Workbook engages readers in an soaking up self-paced studying event to strengthen familiarity with the sensible facets of fraud detection and prevention at banks, funding companies, credits unions, insurance firms, and different monetary prone services.

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Extra info for Financial Services Anti-Fraud Risk and Control Workbook

Example text

5. Which of the following is NOT an element of the fraud triangle: a. Opportunity b. Greed c. Rationalization d. Pressure 22 THE HUMAN ELEMENT OF FRAUD 6. Which of the following choices best fits the description of how high-level Wall Street executives justify potentially fraudulent activity: a. ” b. ” c. ” d. ” 7. The rash of Wall Street mergers, acquisitions, and divestitures in the 1980s, 1990s, and early 2000s resulted in a shift away from: a. Executive commitment to long-term building of a business they were loyal to.

Nominee or “Straw Borrower” Loans As discussed later in this chapter, nominee or “straw borrower” schemes are initiated most often by dishonest mortgage fraudsters without the knowledge (at least immediately) of bank employees. However, bank insiders such as loan officers also can initiate such schemes or collude with an outsider to process a fraudulent loan application for the outside collaborator. Alternatively, the outside party can be a sham entity or fictitious individual for whom the insider has the authority to approve a loan.

The bottom line is that there are few if any behavioral or demographic characteristics common to external fraudsters. For that reason, we will need to focus on the varieties of crimes they perpetrate and learn to spot the red flags, regardless of who the perpetrators are. ᮣ Insider Threat Fortunately for fraud fighters, the same is not true with regard to internal fraudsters. Employees who commit fraud do have common personality and behavioral traits. They are also prone to scientifically proven psychological influences that help fraud prevention experts to identify them.

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