Combating Internal Fraud before it happens

Presented by:
Barry Thompson

This session reviews what every banker should know in order to combat internal fraud before it happens. The Association of Certified Fraud Examiners in its "Report to the Nation," states that "organizations lose 7% of their annual revenues to fraud." Many management teams don't believe this can happen in their bank until it does. We will discuss the types of environments that are fertile grounds for internal fraud such as mergers, weak internal controls or dysfunctional management styles. You will learn how and where internal thieves will spend stolen funds as well as how they keep their crime from being detected. This fast moving program will provide you with the "red flags" of an impending internal embezzlement along with the tools to expose it.

When fraud losses occur -- internal or external -- some member of the bank's staff felt the warning signs didn't need to be reported. The reasons for these lapses are many: fear of reporting someone who might be innocent, fear of being ridiculed, and fear of other internal repercussions by fellow employees or management. This insightful program will provide you with a new training method that will allow staff to report suspicions without the fear of being wrong.

When embezzlement is discovered, the security, internal audit and human resources departments of a bank can find themselves involved in a struggle for control over who should investigate the problem. The factors to help you decide that answer will be reviewed along with whether you should do the investigation internally or hire a certified fraud examiner. We will provide you our "Seven Steps to Combat Internal Fraud!" This program will give you vital information on how to organize your bank before an internal fraud happens.

The Objectives

Obtain the action plan that will reduce internal fraud

VIEW A 10 MINUTE SAMPLE
(requires Windows Media Player and IE).

About the speaker:
Barry Thomspon is a financial institution professional who has held the titles of Executive Vice President, Senior Vice President, Treasurer, Compliance Officer and Security Officer over the course of a twenty-two year banking career. He is a Security Practitioner, Certified Regulatory Compliance Manager, Public Speaker and Managing Partner of the Thompson Consulting Group.

The Thompson Consulting Group is the security provider for America's Community Bankers, "Retail Banking, Operations, Technology & Security Management Conference". They provide board retreats, executive retreats, special research projects, community programs, facility inspections and reviews of security or compliance programs.