Fraud Policy
This Fraud Policy is for a bank, credit union, fintech company, or other type of financial institution to ensure the organization implements and maintains an effective Fraud Risk Management Program that is an essential part to the safe and sound operations of the organization and to promote consistent, open, and honest ethical organizational behavior.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Responsibility – Topic 3
- Risk Management – Topic 4
- Fraud Risk Management Program Overview – Topic 5
- Definition of Fraud and Red Flags – Topic 6
- Synthetic Identity Fraud – Topic 7
- Scam Identification and Mitigation – Topic 8
- Check Fraud Identification and Mitigation – Topic 9
- Reporting – Topic 10
- Investigation and Remediation – Topic 11
- Audit Policy – Topic 12
- Staff Training – Topic 13
- Retention of Documentation – Topic 14
NOTE: We are currently revising this product in response to the Federal Reserve Bank’s release of the Consumer Compliance Outlook (Second Issue 2025) on 08/30/25 that includes a special fraud issue. We highly recommend that you add a Product Update Protection Plan to your online shopping cart when purchasing this template to ensure you automatically receive the updated version when it is released.
Recent updates to this product:
09/02/25 Update
Federal Reserve FedPayments Improvement Group – Special Scam and Check Fraud Release
This Fraud Policy (approximately 89 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
Product Update Protection Plan
Ensure your purchase from BankPolicies.com remains current by adding a Product Update Protection Plan to your shopping cart. You’ll automatically receive an updated version via e-mail every time it’s revised, within one year from the last date of purchase.
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