Fraud and Criminal Threats
Course Number: FCT1
Course Code: n/a
Explains how fraud and other criminal threats affect consumers and financial institutions. Describes considerations when assessing the organization’s strength in each pillar of a well-built financial crimes program, and key components of an effective program’s operations.
After completing this course, students will be able to:
Describe the importance of an effective financial crimes program and the risks associated with financial crimes
Identify the elements of an effective financial crimes program
Explain the basic four pillars of an effective program and the key aspects of each
Describe the day-to-day and ongoing operational components of a financial crimes program
Identify common crimes committed against institutions and effective counter measures
Audience: Risk and internal audit professionals; third-party service providers and state/federal examiners; first-line risk and operations managers with responsibilities for operational risk management, including implementing, managing, monitoring, reporting, auditing and/or supporting an effective operational risk management program, policies and procedures.