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Tax Refund Fraud 2022

Includes a Live Event on 02/03/2022 at 2:00 PM (EST)

  • You must log in to register
    • Non-member - $325
    • Individual Associate Membership - $225
    • Corporate Originator Associate Membership - $225
    • FI Trial Membership - $225
    • Financial Institution - $225
    • Fintech Associate Membership - $225
    • Government/Non-Profit Charity Associate Membership - $225
    • Third Party Associate Membership - $225
    • Vendor Associate Membership - $225

In recent years, we saw an increase of data breaches targeting consumer information. Fortune 500 companies to the smallest businesses came under waves of cyberattacks compromising PII. Even consumers were directly targeted with phishing attacks and sophisticated social engineering schemes. With the abundance of stolen personal date on cybercriminal forums, we anticipate another year of challenges for RDFIs. 

The tax refund season brings new challenges for institutions every year. While there is no way to anticipate every potential fraudulent return, this session, using actual case studies, helps attendees prepare for handling suspect returns, and answers questions like:
• What are the indicators of possible tax refund fraud? 
• When do suspect returns qualify as suspicious activity under AML?
• If we identify multiple, suspect returns on an account, how do we handle the entries?
• If we suspect tax refund fraud, does the institution have any liability?
• Are there compliance requirements related to tax refund fraud?

In this session attendees will:
• Analyze current trends of refund fraud.
• Discuss when an RDFI has liability or exposure to loss.
• Record sound business practices to increase detection capabilities internally.
• Document appropriate responses to identified fraud including, required actions under AML.

Rayleen M. Pirnie BCJ, AAP, CERP

Director, Risk & Fraud



Tax Refund Fraud 2022
02/03/2022 at 2:00 PM (EST)   |  90 minutes
02/03/2022 at 2:00 PM (EST)   |  90 minutes
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7 Questions
1.8 AAP, APRP credits  |  Certificate available
1.8 AAP, APRP credits  |  Certificate available