Wire Fraud Education: Best Practices to Prevent Wire Frauds
Join Fola Coker and Howard Ngo from StoneX as they present the most effective methods and techniques to detect and prevent wire fraud in the financial industry. This training session will focus on proven practices that work.
During the training, we will cover industry best practices and additional strategies to detect fraud before it happens. We will also discuss recent cases and share insights from StoneX's perspective (with over 100 years of experience) on what banks are looking for when wire fraud occurs and the steps financial institutions must take to attempt fund recovery. Note that recovering funds after a fraud incident is often difficult and time-consuming.
About the Presenters:
Fola Coker LLB, LLM, Int.Dip(AML)
Fola has 10 years of experience and expertise in the implementation of AML and fraud controls in wholesale and retail environments. Extensive and practical knowledge of UK and EU regulations, predominantly in payments, e-money, remittance, and FX exchange in operating high-risk jurisdictions. Fola is a Deputy Money Laundering officer at StoneX Financial Ltd.
Howard Ngo, CFA
Howard has over 10 years of experience managing international payment processing for regional banks and credit unions, with an emphasis on quick, reliable service and attentive issue resolution. He is an expert in providing useful analysis of international payment data to focus on opportunities and areas for growth.
ABOUT StoneX
StoneX Payments connects community financial institutions to an unsurpassed cross-border, SWIFT-centric payment network. By maintaining our network of over 350 local banking relationships, we offer the ability to make efficient, low-cost payments to every corner of the world.
A publicly traded company (NASDAQ: SNEX) headquartered in New York City, the broader StoneX company and its 2,000 employees serve more than 30,000 commercial and institutional clients, and more than 125,000 retail clients, from over 40 offices across five continents covering a wide spectrum of financial markets.
This is a new and complimentary webinar to both FRPA members and non-members.
Law Enforcement Officers are always complimentary in both membership and education.
If you have questions, please contact Kate Cole at 612.910.9286 or kate@frpafraudviewer.org
Click here to register for this valuable event.
Through the UMACHA and SFE Partnerships, we are committed to the education of members of FRPA, UMACHA and SFE.