Background
A law firm approached us to provide a mock bank statement for a training session. The firm’s goal was to educate its junior associates on identifying potential red flags in bank statements, as part of their training on financial due diligence and fraud detection.
Challenge
The challenge was to create a realistic-looking statement that included common indicators of fraud, such as unusual transaction patterns, without using any real data. The document had to be crafted in a way that demonstrated these anomalies without risking any misuse or misinterpretation.
Solution
Our team prepared a customized statement with subtle indicators of irregularities, such as inconsistent transaction amounts and suspicious frequency of high-value transfers. We also included an annotation guide for trainers, highlighting the areas to examine closely. The document was labeled for training use only, making clear it was a sample.
Outcome
The training session was a success, with associates reporting that the sample helped them better understand fraud indicators in financial documents. The firm expressed satisfaction with the quality and precision of our work, noting that the document’s accuracy contributed significantly to the effectiveness of their training.
