Webclass 77: Wire-transfer fraud case

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

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

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

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

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

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

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

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?

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)?

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