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Supervisory Policy and Guidance Topics
Fraud-Related Activities
Related Topics
Operations risk often arises from fraud, or other unanticipated events resulting in the institution’s inability to deliver products or services. This risk exists in each product and service offered. The key to controlling operational risk from fraud-related activities lies in adapting effective policies, procedures, and controls to meet these risk exposures. Basic internal controls including segregation of duties, dual controls, and reconcilements remain important. Information security controls, in particular, become more significant requiring additional processes, tools, expertise, and testing.
Sections on this page:
Policy Letters
Fraud-Related Activities
- SR 10-11
- Interagency Examination Procedures for Reviewing Compliance with the Unlawful Internet Gambling Enforcement Act of 2006
- SR 10-3
- FFIEC Retail Payment Systems Booklet
- SR 05-26
- Special Post-Employment Restriction Set Forth in the Intelligence Reform and Terrorism Prevention Act of 2004
- SR 05-17
- Katrina Related Marketing Practices Invoking the Name of the Federal Reserve
- SR 04-20
- FFIEC Information Technology Examination Handbook
- SR 04-7
- SEC Guidance on the Potential Liability of Financial Institutions for Securities Law Violations Arising from Deceptive Structured Finance Products and Transactions
- SR 04-3
- Debt Elimination Scams
- SR 03-14
- Fraudulent Federal Reserve Note Schemes
- SR 02-13
- "Prime Bank" and Other Financial Instrument Fraud Schemes
- SR 01-11 (SUP)
- Identity Theft and Pretext Calling
- SR 99-7 (SPE)
- Supervisory Guidance Regarding the Investment of Fiduciary Assets in Mutual Funds and Potential Conflicts of Interest
- SR 96-27 (SUP)
- Guidance on Addressing Internal Control Weaknesses in U.S. Branches and Agencies of Foreign Banking Organizations through Special Audit Procedures
- SR 95-10 (SUP)
- Payable Through Accounts
- SR 93-64 (FIS)
- Credit Card-Related Merchant Activities
- SR 93-61 (FIS)
- Interagency Advisory Concerning "Prime Bank" Financial Instruments
- SR 93-13 (FIS)
- Violations of Federal Reserve Margin Regulations in Custodial Agency Accounts Resulting From "Free-Riding" Schemes
- SR 90-38
- The Comprehensive Thrift and Bank Fraud Prosecution and Taxpayer Recovery Act of 1990
Additional Resources
Manual References
-
Bank Holding Company Supervision Manual
- Section 2010.9, "Supervision of Subsidiaries (Required Absences from Sensitive Positions)"
- Section 2124.5, "Identity Theft Red Flags and Address Discrepancies"
- Section 2160.0, "Recognition and Control of Exposure to Risk"
-
Commercial Bank Examination Manual
- Section 2130.3, "Consumer Credit: Examination Procedures"
- Section 4063.1, "Electronic Banking"
- FFIEC IT Examination Handbook InfoBase
Last update:
January 23, 2013