Paper Topic:

AN ANALYSIS OF FRAUD CONTROL AND PREVENTION IN BANKING INDUSTRY

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An analysis of fraud control and prevention in banking industry

Abstract

Fraud has been in existence throughout history nd has taken many different dimensions . Bank fraud on the other hand has grown with advent of the banking industry , and has been facilitated by the technological innovations and the widespread use of the Internet . The Internet has perpetuated fraud in all corners of the world and has led to the loss of billions of dollars over time , to individuals and institutions (Scotland on

Sunday , 2003 . This is a type of fraud which has been neglected for a long time by the society due to the embarrassment that people feel after they realize that they have been conned . Internet scams such as 419 fraud , have made victims to shy off from discussing the issue , since greed partly led to their vulnerability to the fraud . However , the increase in magnitude of bank fraud and other types of fraud in the recent times has made the society open up and discuss the issue

The research will aim at analyzing the various forms of bank fraud , and the various control and prevention mechanisms which have been put in place by the Standard Bank of Nigeria with regards to the issue . The role of the Central Bank of Nigeria is key to controlling fraud in this country , and it will also be comprehensively analyzed in the research The research will briefly describes other types of fraud closely related to bank fraud...

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