Fraud Detection and Prevention in Banking

Module I

___Understanding Fraud_ *

Overview of Fraud ***

Types of Fraud ***

Implication of Non-Financial Frauds ***

Importance of proactive fraud detection ***

___Understanding Fraud Fundamentals_ *

* Fraud Triangle

* Assessment of fraud risk

* Detection of Fraud

* Corruption & Fraud

* Psychology of Fraud

* Summary

* Evaluation

Module II

___Identity Related Frauds_ *

* Purpose of Identity Related Frauds

* KYC & KYE

* Compromising process

___Liability Related Frauds_ *

* Purpose of Frauds

* Techniques used

* Compromising Process

* Summary

* Evaluation

Module III

___Credit Related Frauds_ *

* Purpose of Fraud

* Techniques used for Fraud

* Compromising Process

* Retail loans Fraud/Corporate loan Frauds

* Summary

* Evaluation

Module IV

___Security & Documentation Related Fraud_*

* Techniques of Fraud

* Compromising process

* Prevention and control

___Cyber Fraud_ *

* Techniques & types of Fraud

* Computer hacking

* Prevention and control

* Summary

* Evaluation

Module V

___Fraud Detection Methodology_ *

* Whistle Blowing

* Internal & External Audits

* Data Analytics

* Fraud Indicators

* Warning Signals

* Red Flag Alerts

* Forensic Audit

* Summary

* Evaluation

Module VI

___Developing a fraud risk management framework_ *

* Regulatory Perspective

* Prevention of Fraud

* Inculcating Ethical Compliance Culture

* Internal Control

* Follow-up action on detection of Fraud

* Summary

* Evaluation

___Final Evaluation_*