How to Detect Fraud, Monitor & Report on Suspicious Activities all at the Same Time

Recorded: March 29, 2010

Presenter: Lauren Sparks

Duration: 1 hour

Price: $249 / $199 for Affiliation Members

Your institution has a legal and fiduciary responsibility to your customers to protect their accounts but at the same time, you need to detect and report other types of fraud in a multitude of banking channels.  These responsibilities are inter -related. How do you put all the required obligations of detection, risk management, and SAR monitoring and reporting together in one solid, cohesive system- and do it right?

There continues to be a tremendous upsurge in the number of SARs   financial institutions file detecting criminal activity, in addition to money laundering and terrorist financing. Fraud detection and prevention responsibilities have become a part of regulatory compliance and continue to be a critical component of risk management. Inadequate attention to these responsibilities can greatly affect your safety and soundness rating.

Get the tips you need to create a successful fraud reporting strategy for your institution.

Join Lauren Sparks, Certified Anti-Money Laundering Specialist (CAMS) and a Certified Regulatory Compliance Manager (CRCM) with over 26 years experience in banking.

What you'll learn:

• Common errors to avoid on SAR filings
• Existing sources of fraud information at your institution
• Red flags to spot for some common fraud typologies
• Tips for developing  more comprehensive fraud detection- and staying ahead of the regulatory curve

In just one hour, Lauren will share her expertise and industry best practices to help you avoid  SAR reporting errors and learn what it takes to create a cohesive system to monitor and detect all types of suspicious activity, including fraud. Don't be left behind. Know how to spot potential criminal activity before it's too late. 

BIO: Lauren Sparks

Lauren Sparks is a Certified Anti-Money Laundering Specialist (CAMS) and a Certified Regulatory Compliance Manager (CRCM) with over 26 years experience in banking, including 15 years in compliance and internal auditing.  Lauren has extensive operations experience as well as expertise in policy and procedure development.  She has been approved by the OCC to assist in BSA and compliance examinations of national banks.

Most recently, she served as National Director in Risk Management Services for Sheshunoff Consulting + Solutions where she provided risk management services, concentrating on special projects and high-risk engagements. She also holds an Accredited ACH Professional (AAP) designation, and has been a frequent writer and speaker for professional banking organizations and publications including the American Bankers Association and NACHA.

Continuing Professional Education Credit

Delivery Method: Group Internet-based       CPE Credits: 1
Program Level: Overview       Prerequisites: None       Advance Preparation: None

Sheshunoff Consulting + Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasbatools.com.

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