Phishing is the most frequently used method. At the beginning of July, Febelfin launched a YouTube video called ‘See how easily freaks can take over your life’ in which it draws the attention to the precautions for safe internet banking. 

Most of the fraud cases have to do with phishing. Perpetrators of phishing first send a number of e-mails – as if those messages originate from the customer’s bank – asking the customer to put down a number of data, including his telephone number, on a website or in an enclosure. Then they will call the customer on the telephone, pretend to be a staff member of his bank and ask him to disclose the response code mentioned on the screen of the card reader. They will use this information for carrying out illicit money transfers from the customer’s account. Febelfin’s YouTube video should warn customers against the danger of sharing bank data even by telephone.


Chartered Institute for Accountants & Auditor (CIAA - USA) CIAA USA is an accreditation body that is recognized internationally with areas of practice, including accounting, auditing, finance, and consulting.


HIGH AUTHORITY COUNCIL FOR CHARTERED ACCOUNTANTS (HACCA) HACCA is a world leading professional membership organisation that promotes, develops and supports chartered accountants worldwide. We provide qualifications and professional development, share our knowledge, insight and technical expertise, and protect the quality and integrity of the accountancy and finance profession.


You are qualified to take this certification if you have any of the below requirements:

  • Must have at least one year experience in related field
  • Bachelors or Masters Degree


  • Online Banking Fraud Schemes
  • One Time Passwords
  • Hardware Tokens
  • Transaction Specific OTPs
  • OTP by SMS
  • Smart Cards and USB Tokens
  • Transaction Monitoring
  • Comparison
  • RiskShield Fraud Prevention

Located in the heart of Dubai United Arab Emirates, Deira. Arab Institute for Accountants & Legal or more popular with the name "AIAL" is recognized as one of Middle East leading teaching institutions.

AIAL President founded the Institute "to provide a trustworthy professional training."

AIAL had been founded at the hands of its promoter whose experience exceeds three decades 30 years, it remains dedicated to finding solutions to the great challenges of the day and to preparing its participants for a better career in today's world.

See all Arab Institute for Accountants & Legal courses

Fraud and Laundering Related Questions

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