Join us on May 3, for a discussion on how criminals generate illicit funds by securing loans with no intention of repayment, eventually leading to the loan being charged-off. This means that suspicious activity can be hiding in the silos between lending, collections, fraud and compliance teams — suspicious activity that is unreported, and could be linked to more complex criminal networks.
BSA Compliance, Assistant Manager
Randolph Brooks, $7.8B, TX
Highlights of this product demonstration will include:
- Review of real-life case studies of loan fraud investigations involving suspicious charge-offs
- Discussion on best practices for investigations, and how to meet regulatory requirements for SAR filing on suspicious charge-offs.
- Demonstration of loan fraud analysis that alerts you to potentially suspicious activity in your charged-off loans.
- Walk-through of a real-life loan fraud crime ring, involving multiple institutions, risky entities and charged-off loans.
- Overview of cross-institutional risky entity analysis, to alert you to the risk of potential loan fraudsters repeating crimes at multiple institutions.