What Are the Different Types of Bank Fraud Cases?

Internal bank fraud refers to losses caused by employees' deliberate fraud, misappropriation of property, or violation of regulatory rules, laws, or company policies.

Internal bank fraud

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Internal bank fraud refers to

Internal bank fraud is the deliberate fraud of employees within the organization

When the Basel New Capital Agreement defines the types of operational risks, it is divided into seven categories according to the type of loss, including internal fraud; external fraud; risk events; events caused by customers, products and business behavior; loss of tangible assets; business interruption and System error; involves failures in execution, delivery, and trading. Among them, internal fraud appears as a type of loss that causes operational risk.

Corresponding to internal fraud is external fraud, which mainly refers to third-party fraud, misappropriation of assets, and violation of laws.