Types of Fraud
Through coercion, abuse of power, or theft, money or assets are taken from an older person without their consent, full knowledge, and/or understanding.
What is Elder Financial Abuse?
A currency transaction report (CTR) must be filed on cash transactions (single or aggregated) for this amount.
What is over $10,000?
Software platform used by CrossFirst for fraud detection and management, BSA/AML compliance and management, and high-risk customer management.
What is Verafin?
Infamous conman Frank Abagnale Jr. had his fraud immortalized in this 2002 movie.
What is Catch Me If You Can?
This planet is closest to the sun.
What is Mercury?
What is a Romance Scam?
The act of splitting large cash transactions into smaller transactions to avoid detection.
I received a call from an individual stating that CrossFirst Bank has opened a fraudulent account using their name and identity. I should report this as what type of activity?
What is Identity Theft?
This wildly popular Netflix series tells the story of Marty and Wendy Byrde who move their family to a popular lake reservoir to launder money.
What is Ozark?
A heptagon has this many sides.
What is seven?
What is Business Email Compromise?
A person who receives and moves money that came from victims of fraud, whether knowing or unknowing of where the money came from.
Who is a Money Mule?
The CrossFirst reporting channel for all types of unusual activity, including Account Fraud, BSA/AML activities, Id Theft Red Flags, Information and Physical Security incidents, as well as Consumer Complaints.
What is the Unusual Activity Portal?
This energy company declared bankruptcy in 2001 after allegations of massive accounting fraud wiped out $78 Billion in stock market value and led to the collapse of accounting firm Arthur Andersen.
What is Enron?
This is the longest river in the United States.
What is the Missouri River?
Occurs when devices are illegally installed on ATM's, point-of-sale terminals, or fuel pumps to capture cardholder data and PIN's.
What is Skimming?
Suspicious or not suspicious? Jenny opened an account for her new online jewelry business. She makes regular weekly cash deposits of $2500. She tells the banker her sales are through the roof!
(would not expect to see cash deposits for an online business)
Collecting the purpose and expected activity while onboarding a new relationship to develop customer risk profiles would be complying with this BSA rule.
What is Customer Due Diligence?
(F.K.A. Know Your Customer)
This disgraced American financier was arrested in December 2008 for running a Ponzi scheme estimated to be worth nearly $65 Billion.
Who is Bernie Madoff?
Mount Everest is located in this famous mountain range.
What are the Himalayas?
Type of identity theft in which a criminal steals a businesses or individuals valid online banking credentials and then uses those credentials to initiate funds transfers out of the account.
What is Account Takeover?
Section 314(a) of the USA PATRIOT Act allows the sharing of information with _____________ through FinCEN.
What is law enforcement agencies?
You just read in the Business Journal the President of one of your client business accounts is retiring and has sold his interest in the company. This form would most likely need to be updated.
What is Certificate of Beneficial Ownership?
This Hollywood blockbuster film depicted the fraudulent business practices of the penny-stock scammer Jordan Belfort.
What is The Wolf of Wall Street?
This layer of the earth is liquid.
What is the outer core?