South Florida Banking Institute


South Florida Banking Institute – October 17th, 2007 Fraud and Risk Management – Prevention, Detection and Response

	The second event of the fiscal year proved to be very fruitful for all of those in attendance. The South Florida Banking Institute, also known as the SFBi, has been meeting on the bottom floor of Hotel Sofitel, which offers a wonderful view of the setting sun gleaming over the fountain and the lake that boarders the hotel to the west.

The SFBi events are held the third Wednesday of each month during their calendar year, and each event starts with registration at 5:30 p.m., followed by an hour of socializing and networking. The doors for dinner open promptly at 6:30 p.m. Annoucements are made while guests eat so there is no time wasted, and each event concludes between 8:00 p.m. and 8:30 p.m.

KMPG, a global leader in Audit, Tax and Advisory services, was the sponsor for the evening. They have an advisory department that specializes in Fraud Risk Management. To learn more, please visit their web site at www.kpmg.com

SFBI President and owner of BSA Strategies, Dominic Suszek, provided the announcements while the guests settled in to their dinner seats

Dominic Suszek is sandwiched in between the guest speakers for the evening, Sven Stumbauer, Forensic Director from KPMG , and Special Agent Stephan Robinson from the IRS

Maria Gibb and Patrick McCormick, both from Coconut Grove Bank, along with SFBi Director Carl Gallo, from Image Station of America.

The SFBi is growing – Dominic Suszek welcomed three new members: Joan Shashaty, De La Rue Cash Systems; Jason Davis, Seitlin Insurance and Advisory Services; Marina Olman, Law Firm of GunsterYoakley

Speaker Sven Stumbauer outlined how fraud could be detected, and detailed the prevention and the proper response techniques. Sven joined KPMG’s Atlanta Forensic practice in October of 2004. Prior to joining KPMG ForensicSM, Sven worked with the NASD (National Association of Security Dealers) as a Compliance Examiner. His prior experience includes Financial and AML/U.S. Patriot Act compliance audits of broker/dealers as well as securities fraud examinations. The NASD is now known as FINRA.

Speaker Stephan Robinson discussed the penalties of fraud and the investigation process of a financial institution suspected of fraud and offered suggestions as to how one could crawl out of such situations to minimize retribution.

Oscar Ortiz, SFBi Director from Crowe Chizek, joins current SFBi President Dominic Suszek and past SFBi president’s John Poorman and Betty McClaskey, both from City National Bank.