BEIGE Academy has partnered the Ghana Association of Savings and Loans Companies (GHASALC) in the association’s bid to extend its advocacy mandate to provide training for industry professionals.
GHASALC held a two-day workshop at BEIGE Academy on E-Payment Fraud and Money Laundering Risks & Countermeasures.
The training facilitated by Specialists from the e-Crime Bureau Limited addressed the diversities of fraud and money laundering, and the security risks such activities inject into Savings and Loans firms. Present at the training session were representatives from member institutions like First Allied S&L, uniCredit S&L, Sinapi Aba S&L, FirsTrust S&L, Pacific S&L BEIGE Capital S&L and Ideal Finance among others.
Lead facilitator for the programme, Mr. Felix Quaye and Principal Consultant for e-Crime Bureau, Mr. Albert Antwi-Boasiako addressed the need for Savings and Loans Companies to be highly vigilant in processing all banking transactions as fraudulent acts could be carried out through undetected means until the fatalities are grave.
Mr. Quaye encouraged the participants to be on guard at their various work stations, identify any fraud risks associated with E-Payments and the emerging mobile money eco-system, and ensure best practices to detect and prevent such fraudulent acts.
He asked the participants to educate their colleagues on protecting customer data as electronic fraud constitute a greater portion of customer frustrations. Control measures using case studies gave participants deeper insights into fraud management and the ways to reinstate confidence in the financial sector.
Participants were mostly Internal Audit Staff, Risk/Compliance Staff, E-banking Staff, Relationship Officers, IT Staff, and Operations Staff of the various institutions.
Management of BEIGE Academy has assured the leadership of GHASALC of continued support for all its training programmes for the Savings and Loans industry.
BEIGE Academy is a talent development centre set-up by BEIGE Foundation, to nurture career development and promote entrepreneurship.
African Eye Report
