Identity Issues in Banking - 26 Red Flags and More

Duration: 60 Minutes
This webinar training helps attendees understand the 26 Red flags released by federal regulators in regards to identity fraud. The instructor will discuss how to create and implement the fraud control program and Identity solutions to combat ID theft and reduce future losses. Participants will also learn strategies on fraud prevention, detection and investigation.
26 Red Flags
Instructor: Jim George
Product ID: 509333
Objectives of the Presentation
  • How does it make sense to utilize the government's "Red Flags"?
  • What are the objectives they are intended to achieve?
  • What are other things that can be done to further meet those objectives?
  • How do you learn from losses incurred to reduce future losses?
  • What are ways identity fits into an overall fraud control program?
  • What might identity solutions be changing?
Why Should you Attend
The federal regulators put together a list of 26 "Red Flags" to help banks deal with ID theft and identity fraudulent attempts to take over accounts. But the list is not organized for ease of use and they are not a comprehensive guide.

In this topic, the instructor organizes the Red Flags into related functional areas and for each area he provides additional tips and information from the perspectives of prevention, loss reduction, detection, and investigations.

Areas Covered
  • The four areas covered by Red Flags:
    • Credit Report data
    • Suspicious documents
    • New Accounts, suspicious information
    • Existing Accounts, suspicious changes
  • New ideas in customer identity:
    • New concept for address control
    • The future of customer identity?
Who will Benefit
  • Fraud Offices
  • BSA/AML Professionals
  • BSA/AML/Fraud VP, Manager, Director, Supervisor
  • Compliance Officers
  • Internal Auditors
  • Accountants
  • Corporate Investigators
  • Management Personnel
  • Frontline Employees
  • Financial Institution Branch Managers
  • Law Enforcement
  • Small Business Owners
  • Forensic Auditors and Accountants
  • Certified Fraud Examiners (CFES)
  • Certified Anti-Money Laundering Specialists (CAMS)
$150
Recorded Session for one participant
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Jim George is an independent consultant to banks focusing on issues of fraud. He has over 25 years’ experience as a consultant to major banks in associate partner and principal roles at PriceWaterhouse-Coopers Consulting, IBM Consulting in Bank Risk and Compliance, and Andersen Consulting (now Accenture). He has also been SVP Operations for a Fortis-US division providing outsourcing services to the banking industry.

His work includes projects in fraud investigation, fraud prevention, identity issues, compliance, and AML (anti-money laundering). Mr. George’s background also includes work in bank operations and payments strategy, reengineering, systems, and quality improvement.
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