Webclass 77: Wire-transfer fraud case

Q1. What difficulties might you encounter if your organization has a global treasury service?

Reconciling the payments from the global treasury system back to the entity that you are auditing

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Global treasury is more controlled, so it won't be worth auditing it

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Q2. What are the most common ways wire-transfer fraud occurs?

– External request to update a vendor's bank details – Emails from what appears to be the CEO to make an urgent payment – Internal fraud: bank details updated by an employee

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– Bank account is changed as part of the process – Bank accounts that are migrated from a legacy system

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Q3. Why should organizations have a Chain of actions in place in case of a wire-transfer fraud?

Because it is very difficult to recover funds after 72 hours

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Because of the Never trust principal

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Q4. Why is it difficult to recover funds after 72 hours?

Because usually the funds will be money laundered as soon as they are received by the fraudster

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Because the police services/ banking services will not help you after 72 hours

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Q5. Which data in SAP is useful for finding unusual bank accounts?

REGUH

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BSEG/BKPF

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Q6. Is the LFBK data snapshot data or historical data?

Snapshot data

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Historical data

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Q7. Is it unusual for a supplier to have more than one bank account in your system?

No

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Yes

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Q8. Why might a fraudster put the real account holder name that matches the unauthorized beneficiary bank account, despite using a legitimate supplier master data file?

Because otherwise the bank might block the payment due to account holder+bank account not matching

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Because the SAP system infers the bank holder name automatically

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Q9. Where might we see a log of a change to a supplier bank account in SAP, done by someone in IT as a direct table update (rather than through the normal business process)?

In the SE16N_CD_KEY table

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In the LFBK table

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Q10. What is the limitation of looking for unusual bank accounts in the list of processed payments (REGUH)?

Payments that don't go through SAP's payment program or that are updated in the treasury system, will not show/ show correctly in this table

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This table does not cover payments for employee expenses

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Webclass 77: Wire-transfer fraud case

Webclass 77: Wire-transfer fraud case

admin June 9, 2026

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