Introduction to Fraud & Reputational Risk

Course code : TF 101-20

This introductory course will provide practical suggestions to allow those in the legitimate financial industry to risk proof themselves against operational losses and reputational risk caused by fraud.

Upon completion, you will be familiar with common fraudulent schemes that exist in trade finance, including red flags and triggering events that warrant further investigation. You will be provided with strategies to manage fraud risk that include engaging key players when fraud hits, to managing communication and reporting. Best practices for limiting loss will be discussed. Most importantly, fraud prevention techniques will be introduced and explored.

Number of teaching lessons : 7 Modules Duration : 3 hours
Level : 1 Language: English
Credit category : 3

General practitioners working in banks, corporates, or financial institutions in functions such as relationship management, credit and compliance, but with an interest in trade finance.

This eLearning course is part of the Global Trade Certificate (GTC) and includes a self-assessment tool to help you prepare for the final examination of the GTC.

However, please note you will only be able to take the final exam and recieve the certificate if you purchase the full Global Trade Certficate course. You will not be able to take the exam if you make multiple, separate purchases of individual courses that together make up the GTC.

The pass grade for the GTC exam is set at 70%.

Module 1 Hidden risk – Fraudulent Trade Based Schemes

Module 2 Red Flags & Triggering Events

Module 3 Risk Management – Engaging Key Players

Module 4 Risk Management – Managing Communication & Reporting

Module 5 Risk Management – Prevention

Module 6 Case Study

Module 7 Assessment

Deputy General Counsel, Global Trade and Receivables Finance (GTRF), HSBC

Lorna Strong is a member of the ICC Banking Commission Legal Committee, is Deputy General Counsel for HSBC Global Trade and Receivables Finance (GTRF), based in London, UK, acting as primary legal advisor for GTRF globally. Lorna joined HSBC in 2001 and held the position of Deputy General Counsel, HSBC Bank Canada before moving to her present role.

Lorna holds degrees in law and in applied science from the University of British Columbia and has been recognized in the areas of banking law, fraud law and international law, including receiving the 2012 Global Counsel Award for Regulatory (Financial Services), Individual of the Year. As an adjunct to her practice, she lectures on matters relating to banking, compliance, fraud recovery and risk.