Fraud - A Lightning Overview

Why Should You Attend:

FRAUD figures high on the list of Operational Risks that face all Banks and Financial Institutions. We only have to look at recent events to see clear examples of massive frauds.

How would YOU fare if your bank or organization was faced with a fraud? In fact could you even identify a fraud in your working environment? Are you maximizing your staffs’ potential to reduce fraud and error in your systems? A major by-product of the current financial crisis is the number of frauds which have come to light – frauds that had been running for years.

This lightning fast 90 minute webinar introduces basic concepts in Fraud, principles and associated issues, including a major pertinent banking case study in Internal Fraud committed by a Rogue Trader. What fraud is and how it presents itself are huge challenges for any organization. Fraud requires them to radically modify behavior and increase their vigilance in their activities.

This 90 minute webinar provides a clear introduction to the world of fraud risk management and shows how it affects banks and customers alike.

Areas Covered in the Seminar:

• Types of frauds
• Examples of fraud schemes
• Behavioral red flags
• Fraud risk assessment
• Implementing safeguards to combat fraud

Who Will Benefit:

• Corporate Directors
• Corporate Officers
• Audit professionals
• Risk professionals
• Compliance professionals
• Fraud and Forensic professionals

Instructor Profile:

Richard Barr, holds a B.S. in International Business Administration from San Jose State University in California. His professional experience spans over 23 years, 5 of which were spent with Wells Fargo Bank. Another 5 were spent honing his global banking skills, when Richard was intimately involved with International Trade Finance, Real Time Gross Settlement and Cross Border Banking. The past 14 years have been in the private and high-tech sectors providing high-level consulting services, business analysis, project management and training to a wide range of banking clientele across the globe.

He has spent extensive time servicing a diversity of “financial institutional” clients, in South Africa, Poland, Sweden, Ireland, Netherlands, Greece, Bermuda, Malawi, United Kingdom and across North America. Clients that Richard and Citadel Advantage have dealt with such notable firms as AIB Bank, Eurobank, ABSA Bank, CitiBank, Swedbank, INDEbank, IBM, Montran and Fundtech, as well as many others.

Richard has also filled the role of advisor to central banks on payment systems and technical payments issues. Furthermore, key staff members from the Bank of England, South African Reserve Bank, Central Bank of Ireland, Bank Indonesia, European Central Bank and Bank of Portugal have attended training sessions presented by Richard.

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