Preventing Fraud & Identity Threats in Financial Services

Introduction

Fraud and financial crime are an ever-growing threat, requiring growing levels of investment in preventive measures from financial service firms and impacting the lives of millions of ordinary people. The UK government reports that 41% of all reported crime is now fraud and economic crime. Recent legislation places further obligations on companies to prevent fraud and widens the scope of corporate liability, placing additional regulatory burdens on business owners and managers.

This virtual classroom session will look at current trends in financial fraud and identity threats. The material will cover recent changes in UK law and look at what measures managers and compliance teams need to take to comply with their legal obligations. It will also look at how fraudsters operate in the real world and what practical steps you can take to mitigate the risk of your organisation falling victim to fraud.

What you will learn

This live and interactive course will cover the following:

• The current UK legal and regulatory framework for fraud prevention
• Emerging fraud trends and identity-related threats affecting financial services firms
• How fraudsters exploit weaknesses in processes, technology and customer interactions
• Fraud risk assessment and evaluating the effectiveness of organisational controls
• Governance responsibilities and the roles of compliance, risk and senior management
• Practical approaches to strengthening fraud prevention, detection and incident response
• Lessons learned from recent enforcement action, prosecution cases and real-world fraud investigations

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.