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July 23, 2024
2:00PM - 3:00PM CST

Wire Fraud Education: Best Practices to Prevent Wire Frauds

July 23, 2024
2:00PM - 3:00PM CST

Wire Fraud Education: Best Practices to Prevent Wire Frauds

Fola Coker & Howard Ngo

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.

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