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Fraud including Credit Card Fraud and Suspicious Transactions Course

Fraud including Credit Card Fraud and Suspicious Transactions Course

credit card fraud core categories of a risk based approach

What Makes Compliance Consultant Courses Different
  • We have been delivering training for over 20 years and this is one of our core competencies. We believe we are experts on this topic and having delivered training to a wide range of firms and businesses, we are certain we know the topic as well as anyone in the market place
  • Your course director is a highly successful and experienced executive who will pass on past experiences and “war stories” generally to enhance the workshop and help bring it to life
  • We do not use academics. All our trainers are highly experienced professionals with relevant vocational experience in the real world
  • We have delivered many fraud and financial crime courses over the last few years and have a very clear understanding of what may be contributing to the fraud. In addition, participant feedback informs us in both a precise and timely manner what the changing regulatory imperatives are over time.
  • We have developed highly interactive and very enjoyable case studies to enhance the learning points. All delegates report that these are a high point
  • We are always judged by our results which speak for themselves and the feedback received from previous delegates has always been excellent
Course Objectives
  • The aim of the Course is to provide fraud managers and others to obtain a wider understanding of risk management within the context of external fraud.
  • The delegates will have the ability to understand fraud risk in the wider context of enterprise risk management and business in general.
  • If you are responsible for drawing up financial policies as part of your job, this course will help you decide which checks/framework to put in place and how to enforce them
  • If you have been investigating or det4ecting fraud, this course may help you understand the perpetrator’s motives and the various factors that prompted their actions
  • This course will help you identify suspicious behaviour, which in turn will allow you to play your part in tackling this common crime.
  • This will include the ability to conduct a fraud risk assessment and manage the findings.
Course Content
Session 1
  • So You Have A Fraud Situation, Really?
  • What’s the difference between fraud and bribery/blackmail?
  • 11 Common Types of Credit Card fraud & crimes
  • 8 Types of identity theft and ways to spot them
  • Definitions, types of fraud, scale and typologies
Session 2
  • AML MLR 2017 S33, 37 & 38 – What Makes A Suspicious Transaction?
  • Difference between Suspicious Activity & Suspicious Transactions.
  • 19 Red Flags for AML/CTF
  • Where are Suspicious Transactions identified?
  • CDD & EDD Monitoring
  • The legal requirement to monitor Suspicious Transactions.
  • Suspicious transactions, involving;
  • Investment Fraud
  • Loan/Credit card application fraud
  • Other miscellaneous fraud
Session 3
  • The Modern Fraud Risk Management Framework
  • The drivers of financial crime, offending and the types of financial crime commonly encountered.
  • The international frameworks designed to help counter financial crime.
  • How will 2FA beat Card Fraud?
Session 4
  • The Fraud Triangle
  • The people problem: motives and behavioural issues behind fraud – the Fraud Triangle, who commits fraud and why
  • Role of directors and Responsibilities of senior managers for fraud prevention and detection.
  • The role and responsibilities of auditors in fraud prevention and detection.
Session 5
  • Workshop of scenarios (with PM break as appropriate)
  • 11 most common forms of credit card fraud.
  • Application Fraud
  • Electronic or Manual Credit Card Imprints
  • CNP (Card Not Present) Fraud
  • Counterfeit Card Fraud
  • Lost and Stolen Card Fraud
  • Card ID Theft
  • Mail Non-Receipt Card Fraud
  • Doctored Cards
  • Fake Cards
  • Account Takeover
  • Quiz: Are They A PEP or Not a PEP?
Session 6
  • Assumed Identity involving some or all of the following 8 types of identity theft;
  • Financial Identity Theft
  • Driver’s License Identity Theft
  • Criminal Identity Theft
  • Social Security/Gravestone Identity Theft
  • Medical Identity Theft
  • Insurance Identity Theft
  • Child Identity Theft
  • Synthetic Identity Theft.
Course Conclusion
Your Course Facilitator/Director Backstory
Your course director has spent over 30 years in the banking and financial sector, much of it in a Senior Managerial/Director role. A highly successful, long and varied “fast track” career in Banks led him to very senior management at an early age. Challenged by the industry reluctance to adopt regulated principles, he entered compliance 20 years ago and has run a successful consultancy ever since.
The trainer has been a freelance training consultant since 2000 and is an expert on FCA and regulatory compliance generally. As a Chartered FCSI he has also created and delivered training to a vast range of clients from global giants to small partnerships. He is an accomplished global trainer and has delivered extensive programmes in the UK, Europe, Africa, and the Middle East.
He is a highly adaptive, hands-on and highly sought-after facilitator who always receives excellent feedback from delegates. He is comfortable training at any level of seniority and experience from “black belts” to novices. His expertise includes but is not limited to Regulatory Compliance, Risk Management, Trade Finance, FCC & AML and all aspects of Corporate, Private & Retail Banking.
Lee has written several books, available at Amazon including “The Compliance Managers Guide & Reference” and “Conduct Risk”.
He is also a highly experienced soft skills trainer and has completed numerous “train the trainer” assignments.

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This Course Can Be Presented In The Following Formats:
Public Course

Future Dates Not Yet Available

Face to Face In-House

This course can be tailored and presented in-house at your location for 3 or more participants.

From £850

Live In-House Webinar
This course can be tailored and presented exclusively via live webinar for your company for a group of participants. Participants are given a link and login and the trainer presents the course to a maximum of 20 participants.
Participants can login from different offices.
From £850
Pre-Recorded In-House Webinar
The trainer records the course exclusively for your company – in one session or in “bite-size” video files. We provide access to our Proprietary Online System, the whole course as a pdf and any supporting course materials for an agreed amount of time (6 or 12 months) for any number of participants up to 5,000.
From £3,000

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