May 3 at 12:30 PM - 1:30 PM EST

Loan Fraud: Uncovering Suspicious Activity in Charge-offs

Compliance & Reporting Requirements for Loan Fraud

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.
Special Guest:
Audrey Anderjeski
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.

Tagged as...

  •   BSA/AML
  •   Crime Rings
  •   CTR/SAR
  •   FRAMLx
  •   Industry Trends
  •   Loan Fraud

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