Identity theft is one of the foremost issues for the banking industry. It goes without saying, from an observation of any of the patterns that the fraudsters use for theft, that they are smart. They devise innovative ways to circumvent the system. For example, they don’t use their real name, address or social security numbers when logging in. They could also use stolen or vicarious identities, making investigation a lot harder to carry out.
The ways of understanding these complexities will be the topic of a 60-minute webinar from Traininng.com, a leading provider of professional training for all the areas of regulatory compliance. At this valuable session, the expert, Jim George, an independent consultant to banks who focuses on issues of fraud, will be introducing the simple way to identity issues in banking.
Please register for this session by visiting
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Identifying the red flags
The core content of this webinar is helping participants understand the red flags in the banking sector. Red flags are similar to medical checkups that help to recognize a disease before its onset. Jim will explain how, while the loopholes in the system have helped fraudsters use smart means to exploit them; there are also safeguards built in, which will help locate the crime faster than in the earlier days. Many of these steps are like symptoms that can be read to make a prognosis of what is to come later.
The Federal regulators have put in place as many as 26 indicators of fraud, or red flags, which will help the banks forecast and determine a fraud. But the handicap with this set is that it is not organized properly, and is also incomplete. Jim will explain how to make sense of these haphazardly laid guidelines and optimize them by organizing them according to their related functional area. He has made an understanding of each of these guidelines easier by providing additional information, tips and examples. These help the participant relate to these guidelines in a much easier fashion. All these are based on the vast and rich experience he carries in his profession.
In all, this webinar, which is about introducing the simple way to identity issues in banking, will help participants create proactive standards and processes, which they can put to use in a combined and coordinated manner to identify the signals of a potential fraudulent transaction and take the steps to nip it in the bud. He will also forecast the short-term future and discuss the techniques that industry leaders around the world are implementing as stable, long-term steps for the industry.
Jim will cover the following areas at this webinar:
The ways of understanding these complexities will be the topic of a 60-minute webinar from Traininng.com, a leading provider of professional training for all the areas of regulatory compliance. At this valuable session, the expert, Jim George, an independent consultant to banks who focuses on issues of fraud, will be introducing the simple way to identity issues in banking.
Please register for this session by visiting
----------------------------------------------------------------------------------------------------------------
Identifying the red flags
The core content of this webinar is helping participants understand the red flags in the banking sector. Red flags are similar to medical checkups that help to recognize a disease before its onset. Jim will explain how, while the loopholes in the system have helped fraudsters use smart means to exploit them; there are also safeguards built in, which will help locate the crime faster than in the earlier days. Many of these steps are like symptoms that can be read to make a prognosis of what is to come later.
The Federal regulators have put in place as many as 26 indicators of fraud, or red flags, which will help the banks forecast and determine a fraud. But the handicap with this set is that it is not organized properly, and is also incomplete. Jim will explain how to make sense of these haphazardly laid guidelines and optimize them by organizing them according to their related functional area. He has made an understanding of each of these guidelines easier by providing additional information, tips and examples. These help the participant relate to these guidelines in a much easier fashion. All these are based on the vast and rich experience he carries in his profession.
In all, this webinar, which is about introducing the simple way to identity issues in banking, will help participants create proactive standards and processes, which they can put to use in a combined and coordinated manner to identify the signals of a potential fraudulent transaction and take the steps to nip it in the bud. He will also forecast the short-term future and discuss the techniques that industry leaders around the world are implementing as stable, long-term steps for the industry.
Jim will cover the following areas at this webinar:
- Overview of key fraud control points
- Red flags indicating ID threats for new accounts
- On application
- On credit reports
- On documents provided
- On early use of new credit
- Red flags indicating ID threats for existing accounts
- Directions for ID Tools
This webinar is of immense value to those who face fraudulent transactions in their work, such as leaders from banking, those in brokerage, financial services companies in fraud, and those who deal with accounts policy and handle compliance and AML areas.
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About the expert: In his over 25 years as a consultant to major banks, Jim has carried out projects in fraud investigation, fraud prevention, identity issues, compliance and Anti Money Laundering (AML). His background includes work in bank operations and payments strategy, reengineering, systems and quality improvement.
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About the expert: In his over 25 years as a consultant to major banks, Jim has carried out projects in fraud investigation, fraud prevention, identity issues, compliance and Anti Money Laundering (AML). His background includes work in bank operations and payments strategy, reengineering, systems and quality improvement.
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