This highly interactive course starts with a look at the reality of fraud and corruption today. In particular, we will explore the hidden goldmine in your organization, because one way of making money is to stop losing it. The course will highlight examples of frauds which we can discover early and introduce effective techniques to do that. Next, the course will help you develop an overall program to identify the early warning signs of fraud and corruption.
Next, the footprint of fraudulent transactions will be examined. In particular, you will learn how to follow the money and find additional significant red flags; how to unmask front companies, Dirty Money Constellations (DMC’s), criminal counterparties and fraudulent transactions; and how to perform a Fraud and Corruption Risk Assessment using the “Think Like a Thief” technique. In the end, you will be able to develop the fraud and corruption profile of your organization.
Once the raw findings of fraud and corruption have been identified, they must then be reported to management in a robust and convincing manner. The course will conclude by looking at how to interpret red flags, patterns, footprints, trends and root cause by utilizing desktop investigation techniques. You will learn to turn information into knowledge by clarifying and considering your findings and then present your findings and add value to your organization. Finally, the course will prepare you for resolving your cases of fraud and corruption efficiently and cost-effectively.
The training is highly practical using realistic documents, data, scenarios and examples of footprints which are all based on actual experiences. Course materials include comprehensive documentation, case studies and a copy of the book “Fraud and Corruption – Prevention and Detection” by Martin Samociuk and Nigel Iyer (published by Routledge).