Training Course: Advanced Counter Fraud, Digital Fraud Detection & Financial Crime Prevention in Banking

Introduction

The Advanced Counter Fraud, Digital Fraud Detection & Financial Crime Prevention in Banking training program is designed by Global Horizon Training Center to enhance the capabilities of banking professionals in identifying, preventing, investigating, and managing modern fraud risks within the financial services sector.

This program focuses on advanced fraud detection approaches, digital banking fraud typologies, identity verification challenges, document authentication techniques, suspicious activity reporting, and fraud investigation methodologies aligned with the regulatory expectations of the Kingdom of Saudi Arabia.

The training incorporates key regulatory references, including SAMA Fraud Control Guidelines, SAMA Anti-Money Laundering and Counter Terrorist Financing Rules, SAFIU reporting obligations, FATF KSA Mutual Evaluation findings, and National Centre for Combating Financial Crimes (Nafetha) requirements, enabling participants to strengthen fraud risk management frameworks and improve organizational resilience against evolving financial crimes.

Objectives

By the end of this training program, participants will be able to:

• Understand emerging fraud risks and digital fraud typologies affecting banking institutions.

• Apply advanced techniques for detecting and preventing digital banking fraud.

• Strengthen identity verification, KYC, and eKYC control processes.

• Understand document forgery risks and apply authentication approaches.

• Enhance internal fraud risk management using the Three Lines of Defense model.

• Improve suspicious activity identification, reporting, and escalation processes.

• Apply structured fraud investigation methodologies and evidence handling practices.

• Analyze fraud incidents and lessons learned from the KSA financial services sector.

• Align fraud prevention practices with regulatory expectations and industry standards.

Course Methodology

The program will be delivered through:

• Instructor-led presentations and expert discussions.

• Analysis of fraud scenarios and banking case studies.

• Review of regulatory requirements and industry practices.

• Interactive discussions on fraud prevention challenges.

• Practical examples from financial services environments.

Organizational Impact

Upon completion of this program, organizations will benefit from:

• Improved fraud detection and prevention capabilities.

• Enhanced compliance with Saudi regulatory requirements.

• Stronger internal fraud risk management frameworks.

• Reduced exposure to financial losses and reputational risks.

• Improved investigation and reporting effectiveness.

• Better coordination between fraud, compliance, audit, and operational teams.

Target Audience

This program is designed for:

• Fraud Risk Management Professionals.

• Anti-Money Laundering (AML) Operations Staff.

• Internal Audit Professionals.

• Compliance Officers.

• Branch Banking Operations Staff.

• Digital Banking Operations Teams.

• Financial Crime Prevention Specialists.

• Risk Management Professionals.

Outlines:

Day 1:

Fraud Risk Landscape, Regulatory Framework & Emerging Banking Fraud Trends

Introduction to Counter Fraud in Financial Services

• Overview of modern fraud risks affecting banking institutions.

• Evolution of financial fraud from traditional methods to digital ecosystems.

• Key challenges facing fraud prevention teams.

Regulatory Framework for Fraud Control in KSA

• Overview of SAMA Fraud Control Guidelines.

• SAMA Anti-Money Laundering and Counter Terrorist Financing requirements.

• SAFIU reporting obligations and suspicious activity requirements.

• FATF KSA Mutual Evaluation findings and fraud prevention implications.

• National Centre for Combating Financial Crimes (Nafetha) requirements.

Current Fraud Typologies in Banking

• Account takeover fraud.

• Payment and transaction fraud.

• Social engineering and phishing attacks.

• Digital banking fraud trends.

• Insider fraud risks.

• Emerging technology-enabled fraud schemes.

Day 2:

Digital Fraud Detection, Identity Verification & Document Authentication

Advanced Digital Fraud Detection Techniques

• Digital banking fraud indicators and behavioral analysis.

• Transaction monitoring approaches.

• Fraud detection rules and risk-based controls.

• Customer behavior profiling.

• Identifying abnormal digital banking activities.

Identity Verification, KYC & eKYC Controls

• KSA identity verification requirements.

• Customer onboarding risks and vulnerabilities.

• eKYC processes and digital identity challenges.

• Biometric verification and authentication controls.

• Managing identity theft risks.

Anti-Forgery and Document Authentication

• Common document fraud techniques.

• Detecting forged identity documents.

• Document verification methods.

• Security features of official documents.

• Managing document-related fraud risks.

Day 3:

Internal Fraud Risk Management & Fraud Governance

Internal Fraud Risk Management Framework

• Understanding internal fraud risks.

• Employee misconduct and fraudulent activities.

• Fraud risk assessment methodologies.

• Fraud prevention controls and monitoring mechanisms.

Three Lines of Defense Model

• Role of business functions as the first line of defense.

• Responsibilities of risk and compliance teams.

• Internal audit assurance role.

• Coordination between fraud, compliance, risk, and audit departments.

Fraud Control Environment

• Fraud governance structures.

• Fraud policies and procedures.

• Fraud awareness programs.

• Developing effective fraud prevention strategies.

Day 4:

Suspicious Activity Reporting & Fraud Investigation Methodology

Suspicious Activity Reporting (SAR) Processes

• Identifying suspicious transactions and activities.

• SAR preparation requirements.

• Reporting channels and escalation protocols.

• Coordination with compliance and financial crime units.

Fraud Investigation Methodology

• Fraud investigation lifecycle.

• Planning and conducting investigations.

• Interview techniques and information gathering.

• Root cause analysis.

• Investigation documentation.

Evidence Handling and Case Management

• Types of fraud evidence.

• Evidence preservation principles.

• Digital evidence considerations.

• Maintaining investigation records.

• Supporting regulatory and legal requirements.

Day 5:

Fraud Case Studies, Incident Analysis & Future Fraud Prevention

Case Studies: Fraud Incidents in KSA Financial Services

• Analysis of real-world banking fraud scenarios.

• Digital banking fraud incidents.

• Identity fraud and account takeover cases.

• Internal fraud examples.

• Lessons learned and control improvements.

Developing Effective Counter Fraud Strategies

• Building proactive fraud prevention programs.

• Enhancing fraud monitoring capabilities.

• Improving collaboration between departments.

• Measuring fraud prevention effectiveness.

Future Trends in Fraud Management

• Artificial intelligence in fraud detection.

• Machine learning-based fraud monitoring.

• Emerging digital fraud threats.

• Future challenges for financial institutions.