Ethics in Banking: Preventing Fraud with Amanda Erven

Banking on Fraudology

Banking on Fraudology is presented by Unit21.

Unit21’s Risk and Compliance Infrastructure empowers your team to proactively combat financial crime and make informed decisions throughout the customer lifecycle.

Learn more about our sponsor, Unit21:

- See Unit21 in action https://www.unit21.ai/podcast

- Follow Unit21 on LinkedIn https://www.linkedin.com/company/unit21/

- Watch Unit21 Virtual Summit Hailey session replay https://hubs.li/Q02LbZmC0

-Request your copy : State of Fraud & AML Report

In this episode, we explore the proactive role of ethics and internal audits in combating fraud, the impact of technology on ethical behavior, and the crucial interplay between ethical conduct and customer trust. Amanda "Jo" Erven shares her journey from LinkedIn connections to becoming a full-time professor and head of ACE, a company specializing in audit, consulting, and education.

We also dive into compelling real-world stories, like a CEO who fell victim to a cryptocurrency scam, and discuss the upcoming fraud retreat event in August, which promises to offer engaging sessions on fraud, cyber issues, AI, and more, while emphasizing personal well-being. Whether it's talking about promoting ethical behavior through training, discussing the Wells Fargo scandal, or the significance of addressing even minor financial discrepancies, this episode underscores the importance of ethics in every facet of banking.

Join us as we unravel these topics and enrich our understanding of how ethical behavior is paramount in preventing fraud and fostering a trustworthy banking environment. Don't miss this engaging and educational conversation on Banking on Fraudology!

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Connect with Amanda: https://www.linkedin.com/in/amanda-jo-erven-ace/

About Hailey Windham:

As a 2023 CU Rockstar Recipient, Hailey Windham, CFCS (Certified Financial Crimes Specialist) demonstrated unbounding passion for educating her community, organization and credit union membership on scams in the market and best practices to avoid them. She has implemented several programs within her previous organizations that aim at holistically learning about how to prevent and detect fraud targeted at membership and employees.

Windham’s initiatives to build strong relationships and partnerships throughout the credit union community and industry experts have led to countless success stories. Her applied knowledge of payments system programs combined with her experience in fraud investigations offers practical concepts that are transferable, no matter the organization’s size.

Connect with Hailey on LinkedIn: https://www.linkedin.com/in/hailey-windham/