Detecting and Preventing Fraud in Lending

The success of lending decisions relies heavily upon the information provided to the person making the decision. Where that information is fraudulent, the chances of success with that lending decision are dramatically reduced. This fraud can cause both financial and reputational damage to the firm.

The purpose of this two-day workshop is to introduce the detection and prevention of fraud in lending activities. Through a mixture of case studies and interactive exercises, participants will develop an understanding of what fraud is, how fraud is typically committed, and how fraud can be identified and tackled.

• Define fraud generally and identify specific types of fraud.
• Explain the relationships between fraud, operational risk, and credit risk.
• Describe organizational fraud factors.
• Identify different ways that fraud is committed.
• Pinpoint and understand the mechanics of specific fraud schemes.
• Identify red flags of fraud.
• Identify potential areas for fraud in financial statements.
• Evaluate business focus and compensation structures.