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Masterclass in Fraud Investigations – Advanced Forensics and AML program

Rating:
4.8
English
Intermediate
14 Nasba
Video preview
LIVE VIRTUAL
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Course Overview

Fraud and Corruption is costing corporations and government 5% of revenue or spend, according to the ACFE (Association of Certified Fraud Examiners). This equates to US$4 trillion per year. This is a worldwide epidemic and can only be tackled by effective Fraud Risk Management. The most effective way to manage and combat Fraud is to train fraud fighters and employees in identifying key indicators of fraud and in the latest techniques for identifying, investigation and managing fraud risk. This course will equip you to manage and fight fraud and be a part of the process to reduce the impact on organisations, whilst assisting you in positive career advancement.

Key Takeaways

1
To be able to return to work and immediately identify key characteristics of fraud and corruption risk.
2
To be updated on Current Fraud Trends, and the latest investigation techniques and technologies.
3
A comprehensive Fraud Policy for implementation at your organization.
4
To involve Corporate Investigators in Fraud Risk Management and Investigations.
5
An update on Blockchain and Bitcoin Fraud risk.

International Academy of Business and Financial Management
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The International Academy of Business and Financial Management™ is one of the world’s fastest growing professional association with more than 200,000 members, associates and affiliates in 145 countries. IABFM™ hosts and organizes certification training worldwide and offers exclusive board designations to candidates who meet the highest professional standards and assessment criteria. The IABFM is credited by the American National Standards Institute (ANSI) the International Standards setting authority.

Course Outline

Day 1
An introduction to Fraud and Corruption
Fraud and Corruption Defined Classes of Fraud Asset Misappropriation Financial Statement Fraud Corruption Understanding Human Behaviour and the decision to steal
Current Fraud Trends
Worldwide trends in Fraud and Corruption Fraud Statistics A look at some recent Corporate Frauds making history
Anti-Fraud Programs
A Fraud Prevention Strategy for your organisation Constituent Parts of a Sound Anti-Fraud Program Effective Fraud Control Code of Business Ethics and Conduct Let’s work through a Fraud Policy for your Organisation
Fraud Risk Assessment
Fraud Risk Assessment defined Fraud Risk Influencers What makes a successful Fraud Risk Assessment The Fraud Risk Assessment Process Let’s work through a Fraud Risk Assessment Case Study
The Fraud Risk Register and Heat map
The Fraud Risk Assessment and its link to the Audit Process Fraud Hotlines The History of Whistle-blowing The Characteristics of a successful Whistle-blowing Hotline How to get the most out of your Fraud Hotline The Value of Anonymity
Profiling the Fraudster
Understand the Motives Identify and understand the Characteristics of a Fraudster Departments most prone to Fraud Positions most prone to Fraud High Risk Industries
Day 2
Investigating and Detecting Corporate Fraud
Procurement Fraud Fraud in the Purchase Invoicing Process Cheque Fraud Credit Card Fraud Payroll Fraud Fraud in the Tender Process Fraud in the Sales Process Stock Fraud Syndicated Activity Balance Sheet mis-statement Tips for the Investigator Detection techniques
Handwriting and Document Analysis
Counterfeiting versus Forgery Forensic methods of analysis Examples and Characteristics of Handwriting and Document Fraud Handwriting exercise. Let’s analyse our own handwriting How to Analyse and identify Paper, ink, Pens, Pencils, Printers and Photocopiers
Interviewing Skills
The Skills that make a good Interview The Stages of an Interview Effective Note Taking What about Recording? Body Language and recognizing non-verbal responses Role Play Interviews in class
Financial Statement Fraud
Definition of Financial Statement Fraud A study of some major Financial Statement Frauds Understanding Financial Statements from a Fraud Risk Perspective Who benefits from Financial Statement Fraud? How is Financial Statement Fraud Committed A look at Non-Financial Statement Fraud Red Flags
Blockchain and Cryptocurrency/Bitcoin Investigations
Understanding Blockchain and Blockchain Forensics What are the Fraud Risks Fraud Prevention in the Blockchain Currency flow diagrams Blockchain analytics Wallet Risk Score Ranking
Evidence Gathering and Preparing for Court
Introduction and types of Evidence Ordinary Witness versus Expert Witness Subpoena’s to attend The Admissibility debate Testifying as an Expert Witness Courtroom Testimony Tips The Forensic Opinion. Factual Findings
Day 3
Anti-Money Laundering (AML)
Let’s work through an AML case-study The three levels of AML - Placement, Layering and Integration A typical Money Laundering Scheme Al Capone and the origin of the phrase “money Laundering” International Anti-Money Laundering Organizations and Initiatives Some recent cases Bitcoin and its use in Money Laundering A walk through the Financial Action Task Force (FATF) AML Principles
Anti-Bribery and Corruption
Bribery and Corruption, Managing the Risk The Foreign Corrupt Practices Act (FCPA) Let’s work through an FCPA Compliance Review The UK Bribery Act (UKBA) The importance of Managing Conflicts of Interest The Workings of Transparency International Let’s look at Transparency International’s Corruption Perception Index An examination of some of the World’s Worst Corruption Cases
Computer Forensics and Data Analytics in Fraud Detection
How technology assists both the Fraudster and the Investigator Mining Data to spot the anomalies The Admissibility debate Analysing data sets using Forensics Software Let’s work through a data analytics case study Identifying the Red Flags Cybercrime Internet based Fraud Let’s work through a real-life
Cybercrime example/ case study
The Inquisitive IT employee How Hackers can help us Be on guard for that rogue email address Social Engineering A Cybercrime Policy to Protect your Organisation
Financial Scams and Social Media Fraud
The Risk of using the Internet for transfers of Value Social Engineering Fraud Pyramid and Ponzi Schemes defined Lottery Fraud Schemes I.D. Theft “Too good to be true” Investment Scams ATM Fraud “419” Schemes/Advance Fee Fraud
Day 4
Integrating Fraud Control into your Internal Control Strategy
Levels of Internal Control 3 (now 5) Lines of Defence Model A Strategy for Implementing Fraud Control Designing an Internal Control Environment to include Fraud Management
The Role of Audit in Managing Fraud
Audit and Assurance as a fundamental Fraud Control External Audit and Internal Audit Roles in Fraud Prevention and Investigation Accounting Guidelines and Best Practices Fraud Investigation Techniques for Internal Auditors Fraud Prevention for Internal Auditors A Look at Some World-Wide Recent Fraud Scandals

Who Should Attend?

This highly practical and interactive course has been specifically designed for
Internal Auditors
Risk Managers
Fraud Investigators and examiners
Financial Managers
Corporate Fraud Police
Banking employees/managers
Security experts
Big 4 Accountants and Auditors
Lawyers

FAQ

What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or register@leoron.com.
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.

Reviews

  • Review:
    Certified Professional in Quality and Patient Safety
    We have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. Leoron has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,
    Nasser M. Al-Subaie
    Sr. Program Officer, Enterprise Learning & Human Development at Kuwait Foundation for the Advancemen
  • Review:
    IAMM Internal Audit Maturity Model
    In recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!
    Dalal Kutbi
    Country Learning & Development Manager at IKEA Saudi Arabia
  • Review:
    Certified Professional in Quality and Patient Safety
    Dating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider ‘’LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,
    Turki S. Alsahaan
    Dir L&D, Talent Management at Mobily, Etihad Etisalat Company
  • Review:
    Certified Professional in Quality and Patient Safety
    Since the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.
    Emad Alrajih
    VP, Business Winning at BAE Systems Saudi Development & Training