Online training
Fraud Prevention
This Fraud Prevention training course provides an overview of several types of financial fraud, including loan fraud, insurance fraud and investment fraud. The course explains each offence, highlights certain red flags that should raise concerns and explains how these concerns should be escalated to the compliance department.
Geography Covered: Global | Duration: 30 minutes
Summary
Fraud, or the use of deception to dishonestly acquire a personal gain, is a global problem affecting economies, businesses and individuals. Bribery, corruption, identity fraud, counterfeit goods, and Ponzi schemes are all examples of fraudulent activities. Fraud is a particularly serious threat to the financial services industry – and it’s on the rise.
Frequently in cases of fraud, unscrupulous employees prey upon unsuspecting co-workers and supervisors, or shrewd third parties use "social engineering" tactics to penetrate a company's defenses. Because successful fraud schemes are hard to detect, it is critical that employees at all levels have a basic knowledge of how these schemes work and how to recognize the warning signs. Proper fraud awareness training is crucial to a culture of compliance.
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