Academic literature on the topic 'Bank fraud Prevention'
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Journal articles on the topic "Bank fraud Prevention"
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Godana, Hillary, Samson Wokabi Mwangi, and Panuel Mwaeke. "Security Managers’ Perspectives on Challenges Facing Commercial Banks in Preventing Frauds in Nairobi City County, Kenya." Advances in Social Sciences Research Journal 9, no. 12 (December 11, 2022): 1–12. http://dx.doi.org/10.14738/assrj.912.13539.
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This paper uses data collected for an MA Thesis on Security Managers’ perspectives on challenges facing Commercial Banks in Preventing Frauds in Nairobi County, Kenya. The study was motivated by continued rise of frauds in commercial banks in the county, despite the extensive mitigation measures put in place to deter frauds. The study established the nature of frauds prevalent in Kenya commercial banks in Nairobi County, assessed the determinants of fraud in Kenya commercial banks, determined Bank Security Managers Capacity in fraud prevention, and finally examined Security Managers perceptions on the relationship between the existing preventive measures and emerging Bank fraud trends in Nairobi County, Kenya. The study was grounded by the Fraud Triangle concept and adopted a case study qualitative design. The main method of data collection was the interview. The study comprises of 50 respondents: 39 main respondents and 11 Key Informants. The census sampling Method was used to select respondents for the study. Data was transcribed and the transcriptions coded using NVIVO software. The study established three major types of frauds; Management frauds, Non-Management Frauds and Third Party Frauds, all said to be on an increase trend. According to this study fraud rates are higher at Nairobi County (90%), than at other counties (70%). Mobile and Internet banking frauds were found to be the new threats challenging commercial banks because by their very nature because of technological sophistication, were committed from geographical location including outside the country. The study established two major determinants of frauds; Fraudsters Perspectives and institutional related factors. Major fraudster’s perspectives include; condition under which people can rationalize their prospective crimes, opportunities to commit crimes, perceived suitability of targets for fraud, technical ability of the fraudster, the possibility and likelihood of the fraud being discovered and the nature of consequences. Institutional factors that influence fraud prevalence include; weak accounting and control systems, and ineffective internal audits. According to the study, technological sophistication has outsmarted many security managers in the banking sector, because of their technological skills gaps in Fraud forensics. Finally, the study established the relationship between existing preventive measures and emerging Bank fraud trends in Nairobi County. Major policy recommendations suggested to cut frauds at the nib include; benchmarking for best internationally recognized standards such as carrying out expected and unexpected audits, enforced internal controls, regular training of security managers, and review of commercial banks organogram that will place security managers at a position to police frauds perpetrated by management.
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Yulian Maulida, Windy, and Bunga Indah Bayunitri. "The influence of whistleblowing system toward fraud prevention." International Journal of Financial, Accounting, and Management 2, no. 4 (January 8, 2021): 275–94. http://dx.doi.org/10.35912/ijfam.v2i4.177.
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Purpose: This study aimed to determine the implementation of whistleblowing system and fraud prevention, and to find out how the whistleblowing system affects fraud prevention at the Jabar Banten Central Bank in Bandung. Research Methodology: This study used the explanatory method and simple linear regression analysis. The program used was SPSS Version 19.00. Results: The whistleblowing system affected fraud prevention by 54.3%. Limitation: The study is limited to the role of the whistleblowing system and fraud prevention. Contribution: The results of this study contribute to improving the application of the whistleblowing system and preventing fraud. Keywords: Whistleblowing system, Fraud prevention
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Nurlaela, Ela, Ratna Mappanyukki, and Dwi Asih Surjandari. "The Effect of the Internal Audit Roles and Auditor Professionalism on Fraud Prevention." Studies in Media and Communication 9, no. 2 (September 16, 2021): 24. http://dx.doi.org/10.11114/smc.v9i2.5324.
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This research aimed to find the internal audit roles (X1) and the auditor professionalism (X2) at Fraud Prevention in NJC Bank in Kuningan Regency. Samples of this research were the NJC Bank employees. The data collection used in this research is the questionnaire method and the data processing used the SPSS program. The analysis results show that the role of the internal auditor has a significant effect on fraud prevention (H1), the auditor professionalism significantly affects fraud prevention (H2), and the test results simultaneously show that the two independent variables have a significant effect on fraud prevention. Supported the results of the implication of this analysis is to improve the roles of the internal auditors and the professionalism of auditor internal could increase fraud prevention.
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Sharma, Neha, Dhiraj Sharma, and Arun Aggarwal. "Internet of Things and Banking Frauds-Friends or Foes? A Study of Indian Public and Private Sector Banks." Journal of Computational and Theoretical Nanoscience 17, no. 6 (June 1, 2020): 2596–604. http://dx.doi.org/10.1166/jctn.2020.8935.
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Ever since the introduction of banking business in this complex structure of human living, banks are believed to be one of the institutions which are recommended for trustworthiness and treasure repositories for the general public. These are the institutions which were and are still trusted for their veracity by the civilians of every nation. However, with the passage of time the increase in the technology results in the virtue of banking organization which seems to be under a big question mark and the main reason of this integrity loss of banking organizations in the present era is an epidemic known as fraud. Moreover, bank frauds are one of the crucial areas to be resolved from the angle of internet of things which includes many of the technological loopholes. Therefore, the present study aims to provide an appropriate solution to the problem of fraud in the present scenario of increasing trends of Internet of things in the banking industry especially in Indian context. The study discussed about the present fraud preventive measures used by the public and private sector banks in India and has also provided an elaborated model for fraud risk management which gives a comprehensive structure to be utilized in regard to the fraud prevention in banks.
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Dewi Yuniarti Rozali, Rozmita, and Jabbaar Mohammad. "PENGARUH PELAKSANAAN RISK BASED INTERNAL AUDITING TERHADAP PENCEGAHAN FRAUD." Jurnal Riset Akuntansi dan Keuangan 3, no. 3 (December 27, 2015): 831. http://dx.doi.org/10.17509/jrak.v3i3.6623.
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This study aims to determine the effect of implementation of risk based internal auditing on fraud prevention on internal audit Inspection Office Bank BRI Bandung Region. The sample used by 18 internal auditors in Inspection Office of Bank BRI Bandung Region saturated sampling method. Based on calculation of simple regression analysis obtained result that every increase of implementation of risk based internal auditing (X) will lead to increase fraud prevention (Y). It shows that there is a positive influence between the implementation of risk based internal auditing on fraud prevention on the internal audit of Inspection Office of Bank BRI Bandung Region.
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Ginanjar, Yogi, and E. Mulya Syamsul. "Peran Auditor Internal dalam Pendeteksian dan Pencegahan Fraud Pada Bank Syariah di Kota Bandung." Jurnal Ilmiah Ekonomi Islam 6, no. 3 (October 28, 2020): 529. http://dx.doi.org/10.29040/jiei.v6i3.1392.
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Bareskrim Polri has named two BJB Syariah Bank officials in Bandung City as suspects in a fictitious credit case worth Rp 548 billion. This is one of the big cases that has tarnished Islamic banking, especially in the city of Bandung. The purpose of this research is to conduct a deeper study of the role of internal auditors in detection and prevention of fraud at Islamic Banks in Bandung City. The research method used is descriptive analysis and verification with the type of survey. The independent variable used is the role of the internal auditor. Meanwhile, fraud detection and prevention is used as the dependent variable. The population of this research is all Islamic Banks in Bandung City. The sampling technique used random sampling in order to obtain a sample of 60 Islamic Bank employees in the city of Bandung. The data analysis used was correlation coefficient analysis, determination and hypothesis testing. The role of the Internal Auditor affects Fraud Detection by 26.72%. Meanwhile, the role of the Internal Auditor has an effect on Fraud Prevention by 43.16%.
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Aleksandrov, V. V., S. V. Ponomarenko, and M. V. Biryukov. "PREVENTION OF FRAUD ACTIONS ON BANK CARDS WITH FRAUD MONITORING SYSTEM." Herald of the Belgorod University of Cooperation, Economics and Law 3, no. 64 (2017): 225–33. http://dx.doi.org/10.21295/2223-5639-2017-3-225-233.
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Lubis, Debora Kartini Miseri, and Gideon Setyo Budiwitjaksono. "ANALISIS PENGENDALIAN INTERNAL, KESADARAN ANTI-FRAUD, DAN PENGETAHUAN FRAUD TERHADAP PENCEGAHAN FRAUD." Jambura Economic Education Journal 5, no. 1 (December 14, 2022): 1–10. http://dx.doi.org/10.37479/jeej.v5i1.14323.
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Analyzing and empirically testing the influence of internal control, anti-fraud awareness, and fraud knowledge on fraud prevention is the purpose of this study. Internal control variables, anti-fraud awareness, and fraud knowledge are independent variables and fraud prevention are the dependent variables of this study. The study used quantitative methods with primary data as a data source through the dissemination of questionnaires. All organic employees of 35 employees in the Branch Office of Bank Rakyat Indonesia (BRI) Surabaya Pahlawan are the population used in this study. The use of saturated sampling techniques by designating the entire population as a sample is a sampling technique used in this study. Multiple linear analysis is an analysis technique used that is processed with the help of SPSS version 22. The results revealed that internal control has no influence on fraud prevention. However, anti-fraud awareness and fraud knowledge have a positive influence on fraud prevention.
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Fatoni, Muhamad Erfin, and Abdul Halim. "Analisis Faktor-Faktor Penyebab Fraud Pada Badan Usaha Milik Daerah." Jurnal Riset Manajemen Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha Program Magister Manajemen 3, no. 2 (July 21, 2016): 97–119. http://dx.doi.org/10.32477/jrm.v3i2.179.
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The purpose of this research is to analyze the factors that cause the occurrence of fraud in PD BPR Bank Dearah X which is one of the regional owned enterprises of Local Government X and identify the steps ways of fraud prevention which is effective in PD BPR Bank Daerah X. This research uses a qualitative approach with a case study. This study uses the primary data and secondary data. This research uses many data collection techniques by conducting an interview, an observation and a documentation. The results show that the factors that cause the occurrence of fraud in PD BPR Bank Daerah X can be classified into four, namely: (1) the pressure that comes from the external and internal influence, (2) an opportunity or a chance due to the weakness of internal control systems owned by BPR , sanctions are not strict enough for the wrongdoers of fraud, and misuse of authority committed by directors, (3) rationalization, and (4) collusion. The ways of fraud prevention which are done by the management of PD BPR Bank Daerah X and based on the results of interviews conducted by the researchers, can be identified as follows: (1) An improvement of the internal control system in PD BPR Bank Daerah X, (2) An implementation of policy of know your employee (KYE) as an effort of fraud prevention by controlling the aspects of human resources (HR); (3) A creation of a special line of fraud reporting policy;and (4) An establishment of policies and sanction procedures.
Keywords: Fraud, Regional Owned Enterprises, Fraud Triangle, Anti-fraud Strategy.
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Osugba Sylvester and Onyige Chioma. "Assessment of knowledge and practice of criminal intelligence and staff profiling for fraud prevention in Nigerian banks." World Journal of Advanced Research and Reviews 13, no. 2 (February 28, 2022): 429–32. http://dx.doi.org/10.30574/wjarr.2022.13.2.0165.
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The study was set to examine knowledge and practice of criminal intelligence and staff profiling for fraud prevention in Nigerian banks, the study adopted the mixed method research design of descriptive survey and key informant interview. Multistage sampling technique was used to select the sample population for the study a total of 324 respondents was sampled using the Taro Yamane formula for sample size determination. Questionnaire and key person’s interview were used as data collection instrument. The findings of the study conclude that bank staff is aware and knowledgeable of criminal intelligence and staff profiling as an effective tool for fraud prevention. Beyond the awareness, bank staff are also knowledgeable on the application of criminal intelligence and staff profiling, while they also agreed that the extent of application of criminal intelligence and staff profiling in the recruitment, placement and monitoring of staff is low. However, the study recommends that Senior management of banks should be given adequate training and this training should be regularly updated on criminal intelligence and monitoring, as well as staff profiling. This would facilitate a greater uptake of credible intelligence and the prevention of bank fraud and other criminal activities.
Dissertations / Theses on the topic "Bank fraud Prevention"
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Oliveira, Rossimar Laura. "Gestão de fraudes financeiras externas em bancos." Universidade de São Paulo, 2012. http://www.teses.usp.br/teses/disponiveis/96/96132/tde-21122012-111004/.
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Segundo relatório da auditoria KPMG, 69% das empresas admitiram ser vítimas de algum tipo de fraude. Em 2010, no setor bancário foram perdidos aproximadamente R$ 1,5 bilhões devido às fraudes financeiras cometidas em clientes considerando apenas as fraudes documentais e as perdas com fraudes bancárias eletrônicas superaram os 900 milhões neste mesmo ano. Os tipos de fraudes cometidas foram diversos, dentre eles a fraude durante a abertura de contas, cheques clonados, falsificação de documentos, alterações de códigos de barras e clonagem de cartões. A fraude é um problema frequente nas organizações e bastante discutido no mercado, porém verificou-se a existência de uma lacuna teórica quando se trata de gestão da fraude externa. O objetivo do trabalho foi a estruturação de um quadro conceitual para a Gestão da Fraude Financeira e a sua comparação com a prática.Este é um estudo qualitativo exploratório e foi realizado por meio da análise baseada na Teoria Fundamentada definindo categorias a partir da literatura disponível e a sua comparação com entrevistas feitas em um banco de varejo brasileiro e uma associação de instituições financeiras, além dos artigos jornalísticos. Com relação à utilização dos resultados esta é uma pesquisa aplicada já que seu resultado pode, além de contribuir para a discussão teórica, ser aplicada em qualquer organização interessada em gerir a fraude financeira. Os resultados da elaboração do quadro conceitual mostram que a gestão da fraude financeira externa tem quatro fases: a Contínua, a Prevenção, Detecção e a Reação e as categorias definidas estão inseridas nelas. Quanto à comparação da teoria com a prática, nem todos os aspectos verificados na literatura puderam ser encontrados nos relatos das entrevistas e nos artigos jornalísticos analisados.According to KPMG audit report, 69% of companies admitted being victims of some kind of fraud. In 2010, the banking sector have lost approximately R$ 1.5 billion due to financial fraud perpetrated on customers considering only documentary fraud and the electronic banking fraud losses exceeded R$ 900 million in the same year. The types of fraud were many, including fraud during account opening, cloned checks, forgery, alteration barcode and card cloning. Fraud is a common problem in organizations and widely discussed in the market, however it was found that there is a theoretical gap when it comes to managing external fraud. The objective of this research was to structure a conceptual framework for the Management of Fraud and its comparison with the practice. This is an exploratory qualitative study and was conducted through analysis based on Grounded Theory defining categories from the available literature and interviews with comparison to a bank and an association of financial institutions, in addition to news articles. Regarding the use of results is an applied research its result can also contribute to the theoretical discussion, and be applied to any organization interested in managing financial fraud. The results of the development of the conceptual framework shows that the management of external financial fraud has four phases: Continuous, Prevention, Detection and Reaction and the defined categories are located in them. Regarding the comparison of theory with practice, not all aspects verified in the literature could be found in the reports of interviews and newspaper articles analyzed.
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Fadayo, Matthew. "An examination of e-banking fraud prevention and detection in Nigerian banks." Thesis, De Montfort University, 2018. http://hdl.handle.net/2086/17520.
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E-banking offers a number of advantages to financial institutions, including convenience in terms of time and money. However, criminal activities in the information age have changed the way banking operations are performed. This has made e-banking an area of interest. The growth of cybercrime - particularly hacking, identity theft, phishing, Trojans, service denial attacks and account takeover- has created several challenges for financial institutions, especially regarding how they protect their assets and prevent their customers from becoming victims of cyber fraud. These criminal activities have remained prevalent due to certain features of cyber, such as the borderless nature of the internet and the continuous growth of the computer networks. Following these identified challenges for financial institutions, this study examines e-banking fraud prevention and detection in the Nigerian banking sector; particularly the current nature, impacts, contributing factors, and prevention and detection mechanisms of e-banking fraud in Nigerian banking institutions. This study adopts mixed research methods with the aid of descriptive and inferential analysis, which comprised exploratory factor analysis (EFA) and confirmatory factor analysis (CFA) for the quantitative data analysis, whilst thematic analysis was used for the qualitative data analysis. The theoretical framework was informed by Routine Activity Theory (RAT) and Fraud Management Lifecycle Theory (FMLT). The findings show that the factors contributing to the increase in e-banking fraud in Nigeria include ineffective banking operations, internal control issues, lack of customer awareness and bank staff training and education, inadequate infrastructure, presence of sophisticated technological tools in the hands of fraudsters, negligence of banks' customers concerning their e-banking account devices, lack of compliance with the banking rules and regulations, and ineffective legal procedure and law enforcement. In addition, the enforcement of rules and regulations in relation to the prosecution of financial fraudsters has been passive in Nigeria. Moreover, the findings also show that the activities of each stage of fraud management lifecycle theory are interdependent and have a collective and considerable influence on combating e-banking fraud. The results of the findings confirm that routine activity theory is a real-world theoretical framework while applied to e-banking fraud. Also, from the analysis of the findings, this research offers a new model for e-banking fraud prevention and detection within the Nigerian banking sector. This new model confirms that to have perfect prevention and detection of e-banking fraud, there must be a presence of technological mechanisms, fraud monitoring, effective internal controls, customer complaints, whistle-blowing, surveillance mechanisms, staff-customer awareness and education, legal and judicial controls, institutional synergy mechanisms of in the banking systems. Finally, the findings from the analyses of this study have some significant implications; not only for academic researchers or scholars and accounting practitioners, but also for policymakers in the financial institutions and anti-fraud agencies in both the private and public sectors.
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Gil, Margarida. "Avaliação e prevenção da fraude: Caixa de Crédito Agrícola Mútuo de Vila Franca de Xira." Master's thesis, 2011. http://hdl.handle.net/10071/4080.
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As instituições bancárias, pelo tipo de actividade, em termos simplistas, trata-se de instituições de crédito caracterizadas pela captação de fundos, são frequentemente alvo de fraude e de tentativas de fraude. O elevado número de clientes que se desloca aos balcões da vasta rede de agências bancárias aumenta o risco de exposição das instituições, sendo que, no entanto, o risco pode também surgir a nível interno, quando os próprios funcionários são os protagonistas no que diz respeito à ocorrência de fraude.
O presente Projecto incide precisamente na avaliação e na prevenção da fraude na Caixa de Crédito Agrícola Mútuo de Vila Franca de Xira, nomeadamente, registada ao nível das agências. Pretende-se numa primeira fase de diagnóstico, através da implementação de uma entrevista, proceder ao levantamento das situações de risco de fraude, sinais de alarme e identificar normas e procedimentos de prevenção da fraude afectos às diferentes situações. A fase relativa à intervenção visa compreender o risco de fraude afecto a cada situação de risco e especificar e sugerir sinais de alarme e procedimentos e normas de prevenção para cada situação. A implementação, que finaliza o Projecto, sugere um possível modelo de actuação no que diz respeito à prevenção da fraude na referida instituição. As referidas actuações verificam-se então com recurso a um conjunto de dados recolhidos pela entrevista, aos conhecimentos adquiridos exercendo as funções de colaborador e à informação recolhida com a revisão de literatura.Banks are credit institutions which capt funds, so they are frequently aimed by fraud and attempts of fraud. The high number of clients that go to the banks’ agencies increases the risk of exposure of these institutions, although the risk can also arise inside them when the bank clerks are the main agents in terms of fraud. This Project aims the evaluation and prevention of fraud within the agencies of Caixa de Crédito Agrícola Mútuo de Vila Franca de Xira. At first, by an interview, it intends to list the situations of fraud risk, alarm signals and procedures of fraud prevention according to different situations. Secondly, in its stage of intervention, it tries to understand each situations’ fraud risk, to identify the alarm signals and to suggest prevention procedures for them. The last stage ends the Project by suggesting a possible model of action towards fraud prevention within the institution. In conclusion, this whole process uses the data collected in the interview, the knowledge adquired by myself as a worker and the information collected by the revision of literature.
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Makgane, Innocent. "The rights and obligations of a bank when opening a bank account." Diss., 2015. http://hdl.handle.net/10500/19577.
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The opening of a bank account serves as the genesis of a bank customer relationship. It is imperative that the establishment of a bank customer relationship be regulated by law. Both the common law and statutory law regulate the admission of new clients to the realm of banking. It is a minimum requirement, in terms of both statutory and common law, that the identity of a prospective client who wishes to open a bank account must both be established and verified. This, the need to know one’s customer, is not only good law but common sense and an effective measure to prevent criminals from accessing the banking system. Parties who work together must know each other.
The need to establish and verify the identity of a potential customer is commonly referred to as the Know Your Customer standards, alternatively the Customer Due Diligence framework. The Know Your Customer standards are neither unique to South Africa nor have their origins in South Africa. The Know Your Customer standards are international standards which the Financial Action Task Force and the Basel Committee on Banking Supervision have been advocating for quite some time. A confluence of the Recommendations of the Financial Action Task Force and the Basel Committee on Banking Supervision greatly influenced the birth of the Financial Intelligence Centre Act in South Africa. The Financial Intelligence Centre Act 38 of 2001 prescribes the steps that a bank has to take in order to establish and verify the identity of a potential client. It will be shown in this dissertation that the identification and verification regime established by the Financial Intelligence Centre Act 38 0f 2001 and the common law are not fool proof. This dissertation makes recommendations on how the current loopholes that exist in the law can be addressed.Mercantile Law
LLM
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Thobane, Mahlogonolo Stephina. "A criminological exploration of associated robberies in Gauteng, South Africa." Thesis, 2017. http://hdl.handle.net/10500/22685.
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Text in EnglishThe goals of this research were to explore, describe and explain the crime of associated robbery, which at the time of this study, was a scientifically unknown phenomenon. Associated robbery is defined as “a bank-related robbery (by association) of cash or attempt thereto, committed against a bank client or his/her delegate, at any stage while en-route to or from a bank branch, ATM or cash centre or inside the branch to effect a deposit, or, withdrawal” (SABRIC 2013:4) This robbery is divided into two main categories, namely robbery before cash deposit and robbery after cash withdrawal. As found in literature and also evident in the findings of this study, more incidents and related cash losses are reported from robbery after withdrawal, which is sub-divided into muti scam, money bomb and spiked drink. This study followed an exploratory, sequential, mixed-method research approach where the qualitative phase took place first – followed by the quantitative phase. The topic was firstly explored by collecting qualitative data via in-depth, one-on-one interviews (from a phenomenological point of view) where mutual meaning was sought, as understood by victims of associated robbery. To gather quantitative data, 500 bank clients (i.e. individuals, small business owners and stokvel/saving club members) completed a survey questionnaire. Their perspective on the phenomenon of associated robbery was thus explained and described through the use of descriptive statistics, particularly univariate and bivariate statistical analysis. The most significant contribution made by this study, is embedment of the preventative measures used by the banking industry and other stakeholders such as the SAPS into the Situational Crime Prevention (SCP) and Crime Prevention Through Environmental Design (CPTED) principles approaches. This model is heavily grounded on 12 SCP strategies, namely: access control; deflecting offenders; controlling facilitation; entry/exist screening; formal surveillance; surveillance by employees; natural surveillance; target removal; reducing temptation; rule setting; stimulating conscience; and facilitating compliance. Furthermore, the model emphasises that the combating of associated robberies is a collaborative effort and thus the individual (bank client), the banking industry, the criminal justice system (CJS) and the general public all have to work together in fighting this endemic. The lack of knowledge mainly from a victim’s perspective was identified as one of the challenges faced. However, this presented an opportunity for this study to make a significant contribution to the development of scientific literature. Moreover, the use of opportunity theories to explain the reasons why individuals are victimised placed the phenomenon in the criminological research milieu – thus pioneering a way for researchers who may wish to conduct future research on the same topic.
Criminology and Security Science
D. Litt. et Phil. (Criminology)
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Tanfa, Denis Yomi. "Advance fee fraud." Thesis, 2006. http://hdl.handle.net/10500/2304.
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The focus of this thesis is on Advance Fee Fraud (419 scams) on how it is executed and more importantly, on how it can be prevented. The research addresses the origins of AFF, the nature and extent of this crime and how the perpetrators are able to defraud their victims. The research described, examined and analysed the crimes, the perpetrators, the victims, adjudication and the prevention strategies of this fraud. Information was gathered through literature and empirical research. A qualitative research method was used to gather information from AFF offenders who were incarcerated in South African prisons in 2005. The results of the empirical research were carefully examined, analyzed and integrated into the various chapters of this thesis. A theoretical framework was also developed in an attempt to explain this complex phenomenon. The findings and recommendations in terms of the crimes, the criminals, the victims, adjudication and prevention were also made and some suggestions for further research thereof were also cited.Criminology
D. Litt. et Phil. (Criminology)
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Botes, Christo. "Utilising advanced accounting software to trace the reintegration of proceeds of crime, from underground banking into the formal banking system." Diss., 2008. http://hdl.handle.net/10500/791.
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The aim of this paper is to research how advanced accounting software can be used by police detectives, financial risk specialists and forensic investigation specialists, who are responsible for the investigation and tracing of the reintegration of proceeds of crime, from underground banking into formal banking system (pro active and reactive money laundering investigation) with a view on criminal prosecution.
The research started of by looking at the basic ways how proceeds of crime are smuggled before it is integrated into the formal banking system. In that context, the phenomenon of Underground banking was researched. Currency smuggling, Hawala currency transfer schemes and the way in which it is used to move proceeds of crime were discussed in detail. Thereafter Formal banking and the way in which proceeds of crime is reintegrated from underground banking structures into formal banking systems were discussed.
The use of advanced accounting software to trace the point where proceeds of crime are reintegrated into formal banking were researched extensively. Accounting software and investigative techniques on how to trace financial transactions which might be tainted with proceeds of crime were discussed. Accounting software which can be used on office computers such as laptops were discussed and more advanced automated systems which can be used to trace proceeds of crime transactions in the formal banking systems were also discussed. In specific, the investigative techniques on how to use these systems as investigative tools were discussed in great detail. This research paper gives a truly unique perspective on the financial investigative and analytical angle on proceeds of crime and money laundering detection.Criminal Justice
M.Tech. (Forensic Investigation)
Books on the topic "Bank fraud Prevention"
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CUNA & Affiliates. Center for Professional Development., ed. Security and fraud prevention handbook for tellers. Dubuque, Iowa: Kendall/Hunt Pub. Co., 1998.
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Olojo, Akin. Curbing fraud within the banking system: A banker's perspective. Ikeja, Lagos: Bolabay Publications, 2006.
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Bruns, Patrick. Das Fälschungsrisiko der Banken. Baden-Baden: Nomos, 1999.
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Torp, Jeffrey. Fraud detection and compliance manual: Compliance and regulatory requirements, detection and controls, policies and procedures, education and training programs. Austin, Tex: AlexInformation, 2004.
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Walters, Alistair. A practical guide to identifying advance fee & prime bank instrument fraud. London: Sweet & Maxwell, 1995.
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Gup, Benton E. Bank fraud: Exposing the hidden threatto financial institutions. Rolling Meadows, Ill: Bankers Pub. Co, 1990.
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Gup, Benton E. Bank fraud: Exposing the hidden threat to financial institutions. Rolling Meadows, Ill: Bankers Pub. Co., 1990.
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Gup, Benton E. Bank fraud: Exposing the hidden threat to financial institutions. Rolling Meadows, Ill: Bankers Publishing, 1990.
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Shams, Heba. A banker's compliance guide to preventing money laundering and terrorist financing. Washington, D.C: World Bank, 2011.
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Geurts, Matthias. Legitimationsprüfung in der Bank. 2nd ed. Köln: Bank-Verlag, 2001.
Find full textBook chapters on the topic "Bank fraud Prevention"
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Sood, Pallavi, and Puneet Bhushan. "Factors Affecting Detection and Prevention of Financial Fraud in Banks." In Advances in Marketing, Customer Relationship Management, and E-Services, 44–60. IGI Global, 2022. http://dx.doi.org/10.4018/978-1-6684-6133-4.ch005.
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Banks globally have a dire need for a more systematic and structured fraud risk management framework. In an emerging economy like India, the number of frauds discovered over the years continues to pose challenges towards creating effective fraud mitigating strategies. The study examines factors affecting fraud detection, prevention, and response to various types of financial frauds in Indian banks. A total of seven factors were extracted out of 34 items, with respect to the bank employees' perception on fraud detection, prevention, and response. After further examination of the factors, significant difference was found in the perception of challenges faced in fraud detection, prevention, and response within varied categories. The study can prove to be a foundation for gaining insights from banking stakeholders who encounter fraudulent incidents.
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Sinha, Abhishek. "Fraud Risk Management in Banks." In Money Laundering and Terrorism Financing in Global Financial Systems, 280–303. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-8758-4.ch012.
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White collar crimes refer to the criminal activities by a professional holding a responsible position in the organization. Banking frauds are one of the most pronounced forms of white collar crimes. These frauds impact the reputation of the bank and also effects its financial sustainability. The chapter entails the frauds that happen in banks and identifies reasons for the failure of banks to prevent such frauds. The author pinpoints the best practices in developing fraud prevention frameworks and emphasizes the importance of corporate governance in preventing such frauds. Best practices and future trends are also identified that are important to prevent and detect banking frauds.
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Williams, James G. "On-Line Credit and Debit Card Processing and Fraud Prevention for E-Business." In Advances in Marketing, Customer Relationship Management, and E-Services, 155–73. IGI Global, 2019. http://dx.doi.org/10.4018/978-1-5225-7766-9.ch013.
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As the number of purchases over the internet has increased and the method of payment is a credit or debit card, e-commerce merchants must be able to accept online payment using the card data. Cyber-criminals have found ways to capture the information on credit and debit cards and use this information to make purchases and remove money from bank accounts which costs merchants lost revenue and chargebacks fees and costs consumers and banks lost funds. The process by which credit and debit card payments are processed beginning with the e-commerce merchant's website to a card processor or service gateway to the credit or debit card company's network to the issuing bank's network with an accept or decline response being returned to the merchant's shopping cart system via the same networks is discussed. The issue of credit and debit card fraud in terms of how cyber-criminals function and the solutions used to deter these attempts by the cyber-criminals is covered. The security standards and a list of preventive measures that should be used by e-commerce merchants are discussed.
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Williams, James G. "On-Line Credit and Debit Card Processing and Fraud Prevention for E-Business." In Encyclopedia of Information Science and Technology, Fourth Edition, 2707–22. IGI Global, 2018. http://dx.doi.org/10.4018/978-1-5225-2255-3.ch236.
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As the number of purchases over the Internet has increased and the method of payment is a credit or debit card, e-commerce merchants must be able to accept on-line payment using the card data. Cyber-criminals have found ways to capture the information on credit and debit cards and use this information to make purchases and remove money from bank accounts which costs merchants lost revenue and chargebacks fees and cost consumers and banks lost funds.. The process by which credit and debit card payments are processed beginning with the e-commerce merchant's web site to a card processor or service gateway to the credit or debit card company's network to the issuing bank's network with an accept or decline response being returned to the merchant's shopping cart system via the same networks is discussed. The issue of credit and debit card fraud in terms of how cyber-criminals function and the solutions used to deter these attempts by the cyber-criminals is covered. The security standards and a list of preventive measures that should be used by e-commerce merchants are discussed.
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Siddik, Md Nur Alam. "Forensic Audit for Financial Frauds in Banks." In Handbook of Research on Theory and Practice of Financial Crimes, 236–49. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-5567-5.ch013.
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Traditional auditing has failed to control the jeopardy of increased financial frauds. Gradually, forensic auditing has been employed by organizations to control such frauds. Nonetheless, there is a dearth of studies examining the effects of forensic auditing on financial frauds. In particular, the impact of forensic auditing on financial frauds in Bangladesh is not examined. This study attempts to fill this gap. Using survey data of 182 respondents, this study applied logistic regression analysis. Findings indicate that forensic auditing has significant positive effects on the detection and prevention of financial fraud occurrences in the banking sector of Bangladesh. Findings also indicate that forensic auditing is competent to diminish financial frauds. Therefore, it is recommended to adopt forensic auditing in the banking sector of Bangladesh.
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Finder, Susan. "The International Fraud and Corruption Sanctioning System." In China's International Investment Strategy, 397–411. Oxford University Press, 2019. http://dx.doi.org/10.1093/oso/9780198827450.003.0022.
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This chapter focuses on an unexplored aspect of Chinese state-owned enterprises (SOEs) doing business overseas--the interaction of these companies with the integrity systems implemented by the multi-lateral development banks and development institutions (MDBs), aimed at preventing fraud, corruption, and other abuses in projects undertaken by those institutions. In recent years, many more Chinese companies have begun doing business overseas, encouraged by the ‘Going Out Policy’ and One Belt One Road and have been more actively bidding for MDB projects. For various reasons, some Chinese companies fall foul of the MDBs’ integrity systems. The chapter provides a brief overview of the integrity systems developed the MDBs, focusing on Chinese company interactions with that system, the efforts of the Asian Infrastructure Investment Bank (AIIB) to integrate with that system, as well as the view of the Chinese government towards this system. It looks at the status of and possible trends in the integration of the Chinese anticorruption regulatory system with the MDB system.
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Mahdi, Md Delwar Hussain, and Karim Mohammed Rezaul. "Detecting Credit Fraud in E-Business System." In Strategic and Practical Approaches for Information Security Governance, 346–68. IGI Global, 2012. http://dx.doi.org/10.4018/978-1-4666-0197-0.ch020.
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Credit fraud (also known as credit card fraud) in e-business is a growing concern, especially in the banking sector. E-business has been established mainly on the platform of Internet system. With the evolution of electronic technologies, a faster e-transaction has been made possible by the Internet. It has been noticed that Internet fraud or e-business fraud is increasing with the increase of e-transaction. A few sorts of card (debit or credit) fraud are decreasing by the banks and the government providing detection and prevention systems. But Card-not-Present fraud losses are increasing at higher rate. In online transactions, it is obvious that there is no chance to use Chip and Pin, and also no chance to use card face-to-face. Card-not-Present fraud losses are growing in an unprotected and undetected way. This chapter seeks to investigate the current debate regarding the credit fraud and vulnerabilities in online banking and to study some possible remedial actions to detect and prevent credit fraud. A comprehensive study of online banking and e-business has been undertaken with a special focus on credit fraud detection. This research reveals a lot of channels of credit fraud that are increasing day by day. These kinds of fraud are the main barrier of promoting e-business in the banking sector.
Conference papers on the topic "Bank fraud Prevention"
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Pratuzaitė, Greta, and Nijolė Maknickienė. "Investigation of credit cards fraud detection by using deep learning and classification algorithms." In 11th International Scientific Conference „Business and Management 2020“. VGTU Technika, 2020. http://dx.doi.org/10.3846/bm.2020.558.
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Criminal financial behaviour is a problem for both banks and newly created fintech companies. Credit card fraud detection becomes a challenge for any such company. The aim of this paper is to com-pare ability to detect credit card fraud by four algorithmic methods: Generalized method of moments, K-nearest neighbour, Naive Bayes classification and Deep learning. The deep learning algorithm has been tuned to select key parameters so that fraud detection accuracy is the best. Five recognition accuracy parameters and a cost calcualtions showed that the deep learning algorithm is the best fraud detection meth-od compared to other classification algorithms. A financial company reduces losses and increases customer confidence by using fraud prevention technologies.
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Zhang, Qinghua. "Study on Fraud Risk Prevention of Online Banks." In 2009 International Conference on Networks Security, Wireless Communications and Trusted Computing (NSWCTC). IEEE, 2009. http://dx.doi.org/10.1109/nswctc.2009.312.
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