Credit fraud: a hidden risk with major consequences
Written by Febelfin Academy, 20/02/2025 • Credits
Credit fraud is a form of financial fraud where false or misleading information is used to obtain a loan or credit. This can range from forged payslips and fake invoices to complex fraudulent schemes involving intermediaries and criminal organizations. The impact of such fraud is not only financially damaging for lenders but can also contribute to money laundering and other forms of organized crime.
Effective combat against credit fraud requires a deep understanding of how fraudsters operate. Fraudulent files often display subtle but recognizable patterns, such as inconsistent documentation, unusual transactions, or suspicious parties involved. By asking critical questions and thoroughly checking documents, financial professionals can detect and prevent fraud more quickly.
In addition, regulations play a crucial role. Legislation related to anti-money laundering measures and fiscal ethics provides guidelines for identifying suspicious activities and correctly handling situations that require reporting. A thorough knowledge of these regulations not only helps financial institutions and professionals remain compliant but also protects their organization from financial losses and reputational damage.
Credit fraud is constantly evolving, and fraudsters are becoming increasingly inventive. Therefore, it is essential to stay vigilant and up-to-date on methods and techniques to identify and effectively combat fraud.
The training course "Fraude in kredietdossiers" first provides a theoretical explanation of what (credit) fraud is. Next, we examine the (potentially) involved parties and the project within a (fraudulent) credit file. We then demonstrate how to recognize fraudulent documents. The theory is put into practice through several concrete examples, and we review a number of cases involving credit fraud. The focus is on consumer credit.
For more information, you can contact Martin.haegheman@febelfin-academy.be. This training can also be organized tailored to your organization. Ingrid.goris@febelfin-academy.be will be happy to discuss the possibilities with you.
