Fraud Awareness Training
Fraud awareness training is the consumer or professional's key to preventing, detecting and dealing with instances of fraud. For many employers, fraud awareness is a valuable asset in employees because employees who detect fraud can save the company up to billions of dollars.
Fraud-related crimes occur in many sectors of society. Examples are bank fraud, insurance fraud, scamming consumers and identity fraud. Knowing the signs of fraud through training is your key to addressing a problem through the legal system.
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Significance
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Fraud awareness training is increasingly important for consumers. For example, when you walk into the check-cashing store, you might find an FBI poster that informs you why you might be a fraud victim. The growth of the Internet has made it easier for professional scam artists to commit fraud, causing legal and financial problems for consumers.
Features
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Fraud awareness training may be specific to an industry such as banking or insurance, or it may be general enough to inform consumers about fraud. A good fraud awareness program gives you enough information to detect fraud when you see it. For example, Training Pro provides mortgage education for loan officers and mortgage brokers who need to satisfy state training requirements. A course for Florida professionals demonstrates what you might learn in a fraud course.
Training Pro's "Florida: Ethics, Fraud, Consumer Protection and Fair Lending" includes how to prevent and detect fraud and how to help consumers by following newer laws related to fair lending. Within each industry, fraud awareness builds on understanding business ethics.
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Considerations
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Some employers who do not provide in-house fraud awareness training will require this training for maintaining employment. Courses may be available through training providers by industry as noted above or located online. You can also find training resources from state departments of insurance and auditing.
Employer Delivery
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Training in fraud awareness is scalable and customizable for employers through companies such as FraudAware. The Fraud Management Institute partners with FraudAware to offer customized training for employers. Training programs might include workshops, e-learning, webinars and workbooks. All of these formats can provide employees with scenarios in which to look for fraud.
Resources
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Consumer organizations and government agencies that educate and protect consumers may also provide resources to increase your fraud awareness. For example, if you are planning on trading in futures, you can check the record of a commodities trader. The U.S. Commodity Futures Trading Commission offers a list of links for consumers, including the National Fraud Information Center, the state's securities commissioner and the Federal Financial Institutions Examinations Council.
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References
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