Fraud Prevention Workshop
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 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.
Learning Outcomes
Those participating will have a greater knowledge of the extent and nature of fraud; why it happens and what the profile of a fraudster looks like.
Participants will also be able to:
- Assess their current anti-fraud procedures
- Develop policies and procedures for managing the fraud risk
- Ensure they have in place the correct approach when a fraud occurs including how to investigate, record and interview staff
Course Details
- 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
Delivery
Have the flexibility to deliver your In-House training in-person by one of our trainers at your premises, or virtually via Zoom, Teams or Webex.
Find out more about your Virtual or In-Person training experience below.
Virtual Delivery
Our virtual training courses are designed to be every bit as engaging as our in-person courses. To achieve this, our trainers use market-leading technology and a range of training techniques to ensure high levels of interaction with participants. Courses include the use of:
- Virtual ‘break-out’ rooms: participants are divided into virtual rooms to facilitate small group discussion.
- Polling: multiple-choice questions, answered anonymously, allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to highlight the practical application of theoretical knowledge.
- Messaging: participants can submit questions and comments, either to the whole group or privately to the trainer.
Additional Benefits:
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Recording: public course participants have the option to access a recording of the course for one month after the course. In-House clients also have the option to record their training for an additional fee.
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On-going Q&A: public course participants can access an ongoing Q&A facility allowing them to ask questions relating to the course.
In-Person Delivery
Our in-person training is delivered face to face at your offices, and includes:
- ‘In-the-moment’ questions & discussions: questions through conversations allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to explore practical application of theoretical knowledge.
- Q&A: participants can ask questions during training, either to the whole group or privately to the trainer.