Recorded: November 21, 2012
Length: 60 Minutes
This informative session will discuss the latest trends in fraud and embezzlements that have occurred in 2012. We will also talk about steps that your bank should take to minimize the likelihood of experiencing a fraud.
Specific frauds that we will discuss include:
- Missing vault cash
- Employees stealing money to support struggling family businesses
- Embezzlements involving clearing accounts
- Employees manipulating ACH transactions on their own accounts
- Improper use of the bank's debit card
- Improper expense reports
In addition, the session will review a number of bank embezzlements that have been covered in various newspapers recently.
Speaker: Thomas L. Danielson, CPA
Tom is a Partner with CliftonLarsonAllen, specializing in banking matters. For nearly 30 years, Tom has provided audit, tax and consulting services for community bankers. Tom routinely consults with bankers in the areas of mergers and acquisitions, capital planning, loan review, regulatory assistance, strategic planning and internal audit assistance. Tom also has a wide range of experience with fraud and embezzlement investigations.
1 CPE Credit
Program Level: Basic-Intermediate