Download or read book Fraud Control for Commercial Banks written by Bennie B. McNew and published by . This book was released on 1965 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fraud Control for Commercial Banks written by Bennie B. McNew and published by . This book was released on 1962 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fraud controls for commercial banks written by Bennie Banks McNew and published by . This book was released on 1961 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bank Fraud written by Revathi Subramanian and published by John Wiley & Sons. This book was released on 2014-04-14 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn how advances in technology can help curb bank fraud Fraud prevention specialists are grappling with ever-mounting quantities of data, but in today's volatile commercial environment, paying attention to that data is more important than ever. Bank Fraud provides a frank discussion of the attitudes, strategies, and—most importantly—the technology that specialists will need to combat fraud. Fraudulent activity may have increased over the years, but so has the field of data science and the results that can be achieved by applying the right principles, a necessary tool today for financial institutions to protect themselves and their clientele. This resource helps professionals in the financial services industry make the most of data intelligence and uncovers the applicable methods to strengthening defenses against fraudulent behavior. This in-depth treatment of the topic begins with a brief history of fraud detection in banking and definitions of key terms, then discusses the benefits of technology, data sharing, and analysis, along with other in-depth information, including: The challenges of fraud detection in a financial services environment The use of statistics, including effective ways to measure losses per account and ROI by product/initiative The Ten Commandments for tackling fraud and ways to build an effective model for fraud management Bank Fraud offers a compelling narrative that ultimately urges security and fraud prevention professionals to make the most of the data they have so painstakingly gathered. Such professionals shouldn't let their most important intellectual asset—data—go to waste. This book shows you just how to leverage data and the most up-to-date tools, technologies, and methods to thwart fraud at every turn.

Download or read book Bank Fraud written by Revathi Subramanian and published by Wiley. This book was released on 2014-04-14 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fraud in Banks written by and published by . This book was released on 1986 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Challenges of Internal Bank Fraud Policy A Case Study of Commercial Banks in Harare Central Business District written by Gombarume Fungai Brian and published by . This book was released on 2016 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the intermediation, banks mobilize savings from the surplus units of the economy and channel these to the deficit units, particularly private business enterprises for the purpose of expanding their productive capacity (Adeyemo 2012). Levi (2001), asserts that corporate financial scandals in the USA such as Enron and Tyco debacles send shockwaves in the corporate world, regulatory authorities, audit fraternity and the economic world society at large. These have led to the erosion of investor confidence in the financial markets. The Zimbabwe banking sector has had its fair share of financial scandals. The Reserve Bank of Zimbabwe Report (RBZ, 2006) examines the 2003-2004 financial turmoil that was caused by many fraud related factors such as the shocking inadequacy of the risk management system, diversion from the core business of the banks to speculative activities contrary to the dictates of the Banking Act Chapter 24:20 and its regulations, creative accounting which increased the audit risk and overstatement of the banks" financial statement (window dressing), high level of non performing insider loans and rapid expansion and chronic liquidity challenges. Oseni (2006) argues that the incessant frauds in the banking industry have resulted in the banking public losing their trust and confidence in the industry. Wells (2004) opined that most accountants and auditors think internal controls are an answer to fraud yet many organizations with these controls still experience fraud. Wells (ibid) further state that fraud prevention and internal control is not the same thing. The Central Bank of Nigeria (2000) reported that by half way mark more cases of fraud and attempted fraud worth N5.4 trillion (USD34.8) million were reported more than that reported in the whole of 2006 which was USD 30.97 million (Adeyemo 2012). The Zimbabwe National Statistics Agency Quarterly Report (2013) reveals that in 2010 Zimbabwe Republic Police (ZRP) received 2624 fraud reports and in 2011 ZRP received 8027 fraud reports, a 205.9% increase. It is indeed worrisome that while banks are constantly trying to grapple with the demand of monetary authorities to recapitalize up to the stipulated minimum standards, fraudsters are always at work threatening and decimating their financial base.

Download or read book The Effectiveness of Internal Controls in Preventing Fraud in Selected Commercial Banks in Adamawa State written by Ibiso Shirley Daminabo and published by . This book was released on 2012 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research project investigated the effectiveness of internal controls in preventing fraud in selected commercial banks in Adamawa state. Of late commercial banks in Nigeria have been collapsing or taken over by the Central Bank of Nigeria. One of the major reasons of bank failures is fraud. If the internal controls were effective, fraud could not be rampant in commercial banks. The empirical issue that was unclear and merited investigation was whether commercial banks have effective internal controls. To investigate this problem, I selected six commercial in Adamawa State Yola, using convenient sampling method. I distributed questionnaires to bank employee chosen randomly. The major findings showed that banks in Adamawa state have a moderately effective and efficient internal control system, which helps in the prevention of fraud. Also referring to the findings, fraud scarcely occurs in banks in Adamawa State. Based on the findings, the following recommendations were made: Management should put more emphasis on the internal controls, the organizational culture should be established in such a way that it encourages ethical behaviours, and finally employee remunerations should be moderate enough to sustain the financially.

Download or read book Financial Services Anti Fraud Risk and Control Workbook written by Peter Goldmann and published by John Wiley & Sons. This book was released on 2010-01-07 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Myth-busting guidance for fraud preventionin a practical workbook format An excellent primer for developing and implementing an anti-fraud program that works, Financial Services Anti-Fraud Risk and Control Workbook engages readers in an absorbing self-paced learning experience to develop familiarity with the practical aspects of fraud detection and prevention at banks, investment firms, credit unions, insurance companies, and other financial services providers. Whether you are a bank executive, auditor, accountant, senior financial executive, financial services operations manager, loan officer, regulator, or examiner, this invaluable resource provides you with essential coverage of: How fraudsters exploit weaknesses in financial services organizations How fraudsters think and operate The tell-tale signs of different types of internal and external fraud against financial services companies Detecting corruption schemes such as bribery, kickbacks, and conflicts of interest, and the many innovative forms of financial records manipulation Conducting a successful fraud risk assessment Basic fraud detection tools and techniques for financial services companies, auditors, and investigators Fraud prevention lessons from the financial meltdown of 2007-2008 Written by a recognized expert in the field of fraud detection and prevention, this effective workbook is filled with interactive exercises, case studies, and chapter quizzes, and shares industry-tested methods for detecting, preventing, and reporting fraud. Discover how to mitigate fraud risks in your organization with the myth-busting techniques and tools in Financial Services Anti-Fraud Risk and Control Workbook.

Download or read book Proactive Fraud Management Guide written by John Chibaya Mbuya and published by LAP Lambert Academic Publishing. This book was released on 2010-09 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: The subject of fraud is prevalent in the financial services industry globally. This book is a guide for those who manage fraud and those who aspire to join our beloved risk management field. The following fields have been deliberated fairly well: definition of fraud, causes of fraud, factors that cause fraud, pressure of work, opportunity to do fraud, integrity, management fraud, computer fraud, internet fraud, various models, common types of fraud, corporate governance, fraud prevention strategies, indirect controls, direct controls, pre- employment screening, employee appraisal and monitoring, whistle blowing, commitment, communication, general controls, specific controls, control over ITC, conflict of interest and many more. The book is a real life case study of the South African number one commercial bank (ABSA) now a division of Barclays Bank. Fraud is a common phenomenon particularly in the banking industry, and must be proactively managed at all costs. It s a game management must win against criminals.In most cases management do not know what is going on in their own back yard.

Download or read book Executive Roadmap to Fraud Prevention and Internal Control written by Martin T. Biegelman and published by John Wiley & Sons. This book was released on 2012-04-10 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: How-to, authoritative guidance for creating a best-in-class fraud prevention and compliance program in any organization Now in a Second Edition, this practical book helps corporate executives and managers understand the full ramifications of good corporate governance and compliance. It covers best practices for establishing a unit to protect the financial integrity of a business; theories and models on how and why fraud occurs in an organization; importance of strong internal controls; major compliance and corporate governance initiatives and milestones since 1985; and more. Complete coverage includes implementation guidance for a robust fraud prevention and compliance program, including sample policies, best practice examples, and a 14-point management antifraud program. Covers fraud risk assessment and prevention guidance Looks at global risk issues, including the Foreign Corrupt Practices Act (FCPA) and UK Bribery Act Examines amendments to the Federal Sentencing Guidelines for Organizational Crime Discusses Dodd-Frank Whistleblower Provisions Explores enterprise risk management key program elements Offers coverage of how fraud and compliance failures contributed to the financial crisis Includes enhanced principles for fraud data mining Presents new cases, checklists and real-world examples, expanded international coverage, and the latest technological tools Shows executives and managers what their responsibilities are regarding fraud prevention, internal controls, and compliance Provides an instructor's website, including a test bank Other titles by Biegelman: Building a World-Class Compliance Program and Foreign Corrupt Practices Act Compliance Guidebook Completely revised and updated, Executive Roadmap to Fraud Prevention and Internal Control, Second Edition is every manager's best resource for understanding all the complex issues and responsibilities associated with fraud and compliance. Praise for Executive Roadmap to Fraud Prevention and Internal Control: Creating a Culture of Compliance "Martin Biegelman and Joel Bartow convert their lifelong experiences and unparalleled knowledge into a concise, well-written book. They provide the essential tools to take aspirational goals for fraud prevention and compliance and build them into concrete and effective programs." —From the Foreword by Bradley J. Bondi, Partner, Caldwater, Wickersham & Taft LLP "Executive Roadmap touches all the bases on corporate fraud. The authors – both experienced fraud investigators and federal law enforcement agents – lay out the history and major milestones of corporate fraud, and discuss with precision the key issues facing today’s executives and compliance leaders. The book provides a valuable overview for business leaders looking to develop and implement effective compliance programs and instill a culture of integrity in order to help their organizations defeat the challenges posed by today's sophisticated fraudsters." —Jeffrey Eglash, Senior Counsel, Litigation & Legal Policy, GE "Biegelman and Bartow provide great insight into not just how fraud occurs inside of companies, but why. Preventing fraud requires a solid understanding of both, making this book a must read for any executive who is serious about creating the compliance mechanisms and the corporate culture needed for effective fraud prevention." —Aaron G. Murphy, Partner, Latham & Watkins LLP "Business leaders would be wise to follow the recommendations in this book. Fraud prevention is more than just creating a set of policies. As the subtitle indicates, it is essential to create a culture of compliance. Empty words accomplish nothing. The authors, both experienced fraud examiners, have spent decades investigating fraud, as well as developing strategies to prevent it. This book is an essential tool in creating an anti-fraud environment in any company." —James D. Ratley, CFE, President & CEO, Association of Certified Fraud Examiners "Biegelman and Bartow's Executive Roadmap to Fraud Prevention and Internal Control is an essential guide for all who have an interest in eradicating corporate or institutional fraud. Written by experts in detecting and preventing fraud in its myriad forms, this book is a handy source for those who hope to avoid the predicaments that the authors have seen or in managing the crises that arise when the problems cannot be avoided. The new second edition is an indispensable addition to the libraries of internal compliance and legal officers, and forensic accountants." —Joel M. Cohen, Partner, Gibson Dunn & Crutcher, former New York federal prosecutor and liaison to the French Ministry of Justice and OECD "Biegelman & Bartow's book offers expert guidance to anyone tasked with understanding and tackling fraud in the workplace. Their straightforward approach informs the reader and provides a roadmap and guidance for implementation of an effective fraud mechanism within any organization – small or large. I plan to provide a copy of the book to my Board of Directors and executive members of management." —Lisanne E. S. Cottington, Compliance Officer, Insight Enterprises, Inc. "This next edition is extremely timely. It covers key topics that any management member needs to know in today’s regulatory climate. These authors have used their extensive corporate and government experience to create a practical and easy to understand compliance guide. A superb resource for any executive." —Karen Popp, Partner at Sidley Austin LLP and former federal prosecutor and Associate Counsel to President Clinton "With executives increasingly on the hot seat when corporate compliance issues arise, clear guidance regarding risk areas and best practices is invaluable. Executive Roadmap to Fraud Prevention and Internal Control contains a timely combination of illustrative stories and practice tips regarding hazards in this complex area. It is a good resource for both corporate executives and the many professionals assisting corporations to prevent or detect fraud and build a culture of legal compliance." —Barb Dawson, partner with focus on internal investigations and business litigation, Snell & Wilmer LLP "Executive Roadmap to Fraud Prevention and Internal Control: Creating a Culture of Compliance is a truly phenomenal book. Martin Biegelman and Joel Bartow have accomplished an incredible achievement: they have flawlessly bridged the chasm between the theoretical/academic and practical/tangible. This is a volume that should not be on the bookshelf of every manager interested in compliance and fraud prevention (which should be every manager); it should be dog-eared and open on the desktop of every such manager! Kudos to Messrs. Biegelman and Bartow!" —William J. Kresse, M.S., J.D., CPA, CFF, CFE; Associate Professor, Graham School of Management; Director, Center for the Study of Fraud and Corruption, Saint Xavier University, Chicago "Biegelman and Bartow have again provided an invaluable resource for leaders in the corporate world who have responsibility for fraud, integrity, and compliance. They send a clear message that addressing fraud is a two part process- establishing robust controls and detection measures; and creating a culture of compliance and integrity. This work provides a detailed tour through the world of fraud controls while keeping the importance of culture at the forefront." —Ronald C. Petersen, Executive Director, Global Security, Ally Financial "From the perspective of an ethics and compliance practitioner, Martin Biegelman's and Joel Bartow's new offering is a Thanksgiving feast. Too often, companies and organizations get caught up in the moment, and don't stand back to examine the cultural, organizational and historic reasons that fraud exists. Biegelman and Bartow plow that road, and use their insights to offer invaluable tips in the design of effective anti-fraud programs." —James D. Berg, Vice President, Chief Ethics and Compliance Officer, Apollo Group Inc. "Biegelman and Bartow have indeed produced a functional roadmap for the executive to follow in fraud prevention and internal control. This book is a great asset for those engaged in the seemingly endless struggle to control fraud. A 'must read' for the industry." —Raymond L. Philo, MPA, Executive Director, Economic Crime Institute, Utica College "As if Executive Roadmap to Fraud Prevention and Internal Control wasn't a powerful enough tool for fraud fighters, now Biegelman and Bartow have added fresh insight and advice to the second edition. With compelling updates on costly internal and external fraud and corruption, together with easy-to-read descriptions of latest fraud-fighting technologies, this is a must-read for fraud examiners, auditors, attorneys and others—whether they've read the first edition or not." —Peter Goldmann, President, White-Collar Crime 101 LLC/FraudAware "Fraud borders on the ubiquitous in contemporary corporate culture. This book provides a rich and comprehensive guide to crafting a state of the art fraud deterrence program. While the book is sure to better equip corporate executives and directors in their fight against fraud, I intend to draw heavily upon its content in educating accounting students who represent the CEO's and CFO’s of the future." —Ingrid E. Fisher, PhD, CPA, Associate Professor and Chair of the Department of Accounting and Law, The University at Albany-SUNY "The book's exploration of fraud theories ranging from 'rotten apple' to the 'potato chip' (can't eat just one!), provides useful examination of the psychology of corporate fraud that explains its recurring nature and offers clues to creating a fraud resistant culture." —Zachary W. Carter, Partner and head of the Trial Group, Dorsey & Whitney LLP and former United States Attorney for the Eastern District of New York

Download or read book The Control of Commercial Fraud written by Leonard Herschel Leigh and published by Heinemann Educational Publishers. This book was released on 1982 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Comprehensive Program for Preventing and Detecting Internal Fraud in the Commercial Banking Environment written by Philip G. Sprick and published by . This book was released on 1994 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Standards for Internal Control in the Federal Government written by United States Government Accountability Office and published by Lulu.com. This book was released on 2019-03-24 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers and program managers are continually seeking ways to improve accountability in achieving an entity's mission. A key factor in improving accountability in achieving an entity's mission is to implement an effective internal control system. An effective internal control system helps an entity adapt to shifting environments, evolving demands, changing risks, and new priorities. As programs change and entities strive to improve operational processes and implement new technology, management continually evaluates its internal control system so that it is effective and updated when necessary. Section 3512 (c) and (d) of Title 31 of the United States Code (commonly known as the Federal Managers? Financial Integrity Act (FMFIA)) requires the Comptroller General to issue standards for internal control in the federal government.

Download or read book Internal Control and Fraud Detection written by Jae K. Shim and published by Global Professional Publishing Limited. This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book also covers Management's Antifraud Programs and Controls and the risk factors included in SAS No. 99. A major section then deals with forensic accounting. --

Download or read book The perceived level of atm fraud prevention and detection among selected universal and commercial banks in the Philippines written by Carol M. Capulong and published by . This book was released on 2016 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: ATM skimming is one of the serious fraud threats in the Philippine banking industry. This study is aimed to determine the factors contributing to the emergence of ATM fraud in the Philippines, and ascertain the most effective countermeasures to successfully prevent and detect ATM fraud. Survey questionnaires were distributed to 25 managers and staff from fraud management unit of seven selected universal and commercial banks in the Philippines. The respondent-banks include BDO Unibank Inc., Bank of the Philippine Islands, Philippine National Bank, China Banking Corporation, United Coconut Planters Bank, Philippine Bank of Communications, and Philippine Veterans Bank. Multiple Regression Analysis was used to test the relationships among the variables. Results showed that out of the 12 set of variables tested, revenue, high compliance of banks to BSP regulations, and corporate image of banks were perceived to be the most influential factors in preventing and detecting ATM fraud particularly ATM skimming.

Download or read book Handbook on Ethics in Finance written by Leire San-Jose and published by . This book was released on 2019 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: