Job-Specific BSA Training for Lenders
Criminals are clever and use multiple means to launder money – even where you don’t expect it. The lending department needs to be on guard against fraudsters using loans for layering and integration. Complying with the Bank Secrecy Act and attending this program can help you disrupt fraudulent attempts. Join us to learn more!
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Detect suspicious activity by monitoring for known red flags
- Differentiate between identity theft and synthetic identity fraud
- Explain how lending can be used to launder money
- Distinguish between fraud for property and fraud for money
- Provide examples of other types of fraud in a lending context
WEBINAR DETAILS
Do you think of the Bank Secrecy Act and money laundering only from the perspective of cash transactions? You are not alone. But in reality, money laundering and financial fraud take many forms, including in lending. Loans can be used in layering and integration, two of the three levels of money laundering. Outright loan fraud has become increasingly more common and complex. This webinar will provide you with the knowledge and tools to spot fraud and other criminal activities in a lending environment. More than just providing phony loan purposes and fake paycheck stubs, today’s criminal fraudsters are constantly honing their craft. This program will help you thwart their efforts. If something doesn’t look or feel quite right, it is everyone’s responsibility to alert fraud staff, the BSA department, or management.
WHO SHOULD ATTEND?
This informative session is for anyone involved in taking applications, communicating with current and prospective applicants and borrowers, underwriters, loan review and origination staff, collection personnel, auditors, and compliance professionals.
