Fraud, its associated losses and money laundering, continue to be major problems for financial institutions worldwide who are faced with new challenges every day as different forms of fraud become more sophisticated and global.

Growing economies and rising personal incomes have lead to rapid growth of the financial services sector in Russia and CIS, making it a lucrative market for fraudsters. How financial institutions approach fraud prevention is key to their survival.

An international conference - “Combating Fraud in Financial Institutions in Russia & CIS” is being held in Moscow at the Sheraton Palace Hotel on March 1st & 2nd 2007. The event will be covering all the areas of major concern to Russia & CIS and foreign financial institutions, providing practical tools to respond to current fraud challenges. This forum will explore the experiences, successes and failures of different organisations.

This important C5 conference will bring together the senior regulators, leading fraud specialists, legal and IT consultants. They will share information and insights on:

• Effective methods to combat fraud in the credit industry
• The use of legal tools in the fight against money laundering
• Identifying and tracking suspicious transactions
• Minimising risks and threats of online banking fraud
• Legal and technical issues in combating plastic card frauds
• Adequate risk management techniques
• IT solutions

Experian-Scorex is participating in the event with an exhibition stand, and presentations will be given by specialist fraud consultant Sarah Chalk.  The presentations will focus on “Application fraud - prevention strategies for the Russian market” - part of the “Fraud prevention and loss reduction practices” session. Specific topics to be covered include:

• Best practices in application fraud
• Experian-Scorex fraud solution overview: Hunter
• Experian-Scorex plans: how to assist clients in the Russian market in the fight against application fraud
• Case studies

A brochure featuring the agenda and registration form can be accessed here

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