Fraud Control and Prevention

1. Bank fraud is an unethical or criminal act by an individual or organization to illegally attempt to receive or possess money from a bank or financial institution.

• True

• False

2. We should not expect fraud to happen because we can rely on our controls.

• True

• False

3. Two signatures can be exactly identical.

• True

• False

4. On signatures, pressure points are consistently noticeable in the same areas.

• True

• False

5. On signatures, Loops/Curves and breaks are never consistent.

• True

• False

6. During the middle of the day, the branch teller learns that he has an overage of Php300.00. He decides to pocket the amount to ensure that he has no cash overage at the end of the day. The teller intends to use the amount in case he incurs a shortage on other days.

• Fraudulent

• Not Fraudulent

7. To help in her children’s education, an employee takes home office supplies worth Php45.00 for their use in school projects and assignments.

• Fraudulent

• Not Fraudulent

8. Bank employee had to go on overtime for two hours on Wednesday. On Friday, he/she accomplishes the attendance record and mistakenly charged the overtime on Thursday.

• Fraudulent

• Not Fraudulent

9. A transaction that needs the signature of Branch Head could not be processed because the Branch Head is out of the office. Branch teller then calls the Branch Head and obtains permission to forge the signature of the Branch Head to process the transaction. Branch Head agrees and the teller processes the transaction using the forged signature.

• Fraudulent

• Not Fraudulent

10. Branch Head is badly in need of money to pay for his/her mom’s operation. Branch Head obtains a loan from the bank by using the name and documents of his/her friend. The loan is current and is being paid on a timely basis, giving the bank more income.

• Fraudulent

• Not Fraudulent