Key Details

Duration: 1 Day

Available: In-House only

Overview

Identification and prevention of fraud, in its various forms, continues be one of the main financial-crime related challenges facing firms within the financial services sector. This one-day course explains the nature of fraud and considers appropriate policies, systems and controls to try to prevent fraud occurring. It highlights ways of...

Identification and prevention of fraud, in its various forms, continues be one of the main financial-crime related challenges facing firms within the financial services sector. This one-day course explains the nature of fraud and considers appropriate policies, systems and controls to try to prevent fraud occurring. It highlights ways of managing the fraud risks, discusses arrangements that can be put in place to invoke when fraud is discovered, and addresses the problem of what to do when a fraud occurs.

Case studies are used during the session to provide practical hands on experience in developing anti-fraud measures and investigating frauds.

Who is this for?

This course is designed for those with responsibility for the identification and prevention of fraud within the financial sector, including Fraud Prevention Officers, Compliance Officers and Internal Auditors. The course is also suitable for junior Compliance and Financial Crime Prevention staff, typically those with 1-3 years of experience, who wish to further develop their knowledge and professional skills.

  • What is Fraud: The Fraud Act
  • How much is involved?
  • Where does fraud occur?
  • Why does it happen?
  • Profile of a fraudster
  • Examples of fraud in the industry
  • Case studies
  • Developing effective anti-fraud policies and procedures
  • The Role of the Investigating Officer
  • Investigating
  • Recording
  • Interviewing

Those attending will have a greater knowledge of the extent and nature of fraud; why it happens and what the profile of a fraudster looks like.
 
Delegates will also be able:

  • to assess their current anti-fraud procedures
  • to develop policies and procedures for managing the fraud risk
  • to ensure they have in place the correct approach when a fraud occurs including how to investigate, record and interview staff