ICBA - Industry Resources - Payments Resource Center

Audio: Fraud and Embezzlement Trends (CD)

Recorded: November 21, 2012

Length: 60 Minutes

This informative session will discuss the latest trends in fraud and embezzlements that have occurred in 2012. We will also talk about steps that your bank should take to minimize the likelihood of experiencing a fraud.

Specific frauds that we will discuss include:

  • Missing vault cash
  • Employees stealing money to support struggling family businesses
  • Embezzlements involving clearing accounts
  • Employees manipulating ACH transactions on their own accounts
  • Improper use of the bank's debit card
  • Improper expense reports

In addition, the session will review a number of bank embezzlements that have been covered in various newspapers recently.

Speaker: Thomas L. Danielson, CPA

Tom is a Partner with CliftonLarsonAllen, specializing in banking matters. For nearly 30 years, Tom has provided audit, tax and consulting services for community bankers. Tom routinely consults with bankers in the areas of mergers and acquisitions, capital planning, loan review, regulatory assistance, strategic planning and internal audit assistance. Tom also has a wide range of experience with fraud and embezzlement investigations.

1 CPE Credit

Program Level: Basic-Intermediate

ICBA Member Price: $199.00
Non-Member Price: $299.00

To order this product online at the member or non-member price:

For more information, call 800-422-7285.