Fundamentals of Fraud enhances participants’ ability to identify red flags that could indicate fraud. The course centers on a case study involving a one-week, on-site examination of a fictional financial institution. Experienced examiners should not attend.
The length is five days.
| At-a-Glance | |
|---|---|
| Length | 5 days |
| Delivery | Virtual |
| Prerequisite/Pre-course | Yes |
| Continuing Education | Yes |
Objectives
Upon completion, participants should be able to:
- Describe the basic types of fraud.
- Research transactions and trace funds.
- Identify potential red flags related to the fraud types discussed in the class.
- Identify and manage documents.
- Explain the requirements for filing Suspicious Activity Reports (SARs).
- Explain the effects of fraud on a financial institution’s risk profile.
Target Audience
The course is intended for safety and soundness examiners with a minimum of 18 months of examination experience with a need for skills in transaction testing and funds tracing.
Pre-Course Assignment
The pre-course is recommended reading. The estimated completion time is two hours.
Continuing Education
Annually the class is assessed for continuing professional education credits.
2026 Approved Credit Hours: 34.6