Introduction to Fraud & Reputational Risk - eCourse

This lesson will introduce the learner to common trade transactions used to commit fraud and mask financial crime. Examples of fraud reported abroad will also be referenced for the purposes of illustrating the scope of the issues.

A banker’s ability to detect red flags is the first line of defence against fraud. In this lesson, we will introduce common red flags, indicating which suggest further investigation and which trigger the need to suspend transactions.

In this lesson, we review the process of developing a decision-making guide before a triggering event arises and will assist to map the key internal and external resources to engage. We will also review the respective responsibilities when a triggering event occurs.

In this lesson, we will examine the challenges of reporting a suspected fraud, including the risk of email communications, the importance of confidential or privileged investigations, and a few examples of internal tools used to manage suspected fraud or financial crime.

In this lesson, we will review prevention strategies used by customer relationship managers, front line staff, and hiring managers including: understanding customers and their businesses, social engineering, hiring due diligence, and careful compensation.

This section will test your knowledge on what you have learned so far and aims to equip you with the skills and context you will need in the field. Please note this is not an exam.