Facing Fraud: Identifying and Protecting Financial institutions from Fraudulent Wire and Check Schemes (Webinar)
Marcel Duhamel, a partner in the Vorys Cleveland office and member of the firm's financial institutions practice, presented a webinar on October 28 from noon until 1:00 as part of the Eighth Annual Commercial Loan Workout Webinar Series.
The title of Marcel's presentation was "Facing Fraud: Identifying and Protecting Financial institutions from Fraudulent Wire and Check Schemes." Viewers learned about the evolution of wire and check fraud schemes and how they create significant operational, financial and legal risk for financial institutions. The session featured practical discussion of emerging fraud trends, common scams targeting banks’ commercial customers and the steps institutions can take to educate commercial customers about how to spot and avoid fraudulent schemes, to spot and avoid likely signs of fraud directed against banks themselves, and how to limit financial institutions’ liability. Attendees left with actionable guidance for managing fraud risk in today’s lending environment.
