Training Objectives

By the end of the programme, participants will:

• Be able to identify types of financial fraud
• Identify techniques used by criminals
• Comprehend the impact of financial fraud on individuals, organizations and society as a whole
• Know the regulatory and legal frameworks that exist to prevent financial fraud

Training Outline

Introduction to Financial Fraud and White Collar Crimes

• Definition of financial fraud and white-collar crimes
• Examples of financial fraud and white-collar crimes
• Historical perspective of financial fraud and white-collar crimes

Types of Financial Fraud

• Securities fraud
• Accounting fraud
• Investment fraud
• Ponzi schemes
• Money laundering
• Insider trading
• Cybercrime

Techniques used in Financial Fraud

• False accounting
• Forgery
• Bribery and corruption
• Misrepresentation
• Identity theft
• Hacking and phishing
• Social engineering

Impact of Financial Fraud

• Economic impact
• Social impact
• Reputation damage
• Legal consequences

Prevention and Detection of Financial Fraud

• Regulatory frameworks
• Compliance programs
• Internal controls
• Fraud risk assessments
• Whistleblower programs
• Forensic accounting and auditing

Legal Frameworks for Financial Fraud

• Criminal and civil law
• SEC regulations
• Sarbanes-Oxley Act
• Dodd-Frank Wall Street Reform and Consumer Protection Act
• Foreign Corrupt Practices Act

Investigating Financial Fraud

• Conducting internal investigations
• Working with law enforcement agencies
• Gathering and preserving evidence
• Interviewing witnesses and suspects
• Data analytics and forensic accounting

Case Studies in Financial Fraud

• Enron
• Bernie Madoff
• WorldCom
• Tyco International
• HealthSouth

Future of Financial Fraud

• Emerging trends in financial fraud
• Evolution of technology and its impact on financial fraud
• Role of artificial intelligence and machine learning in combating financial fraud

Who Should Attend

• COOs
• CFOs
• Directors,
• Senior Managers
• Regulatory compliance officers
• AML Officers
• Chief legal officers
• Legal advisors
• Chief data officers

Training Style

This programme is designed to deliver high-level knowledge and insights into the financial crimes regulatory agenda and developments. It will strive to enhance participants’ skills and knowledge via lectures supported by power-point presentations and practical examples.  The training style is both training-focused, involving a combination of presentation and real-live examples, but also learner-focused, where participants are encouraged to raise questions, seek clarifications and share their opinions from their different perspectives and engage in an exchange of views and personal professional experiences.

CPD Recognition

This programme may be approved for up to 5 CPD units in Financial Regulation and AML. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

This training course may be approved as an external activity under the new ACAMS recertification category ”non-ACAMS credits” for up to 5 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.