Compliance: Detecting and Mitigating Frauds

Overview

The "Compliance: Detecting and Mitigating Frauds" course is designed to equip professionals with the essential knowledge and skills to detect, prevent, and mitigate fraudulent activities within organizations. Geared towards compliance officers, internal auditors, risk managers, and legal professionals, this course offers a comprehensive understanding of fraud detection and mitigation strategies.

Throughout the course, participants will delve into fundamental topics related to fraud detection, including understanding the nature of fraud, recognizing common fraud schemes and red flags, and identifying vulnerabilities in internal controls that may facilitate fraudulent activities. Emphasis is placed on developing proactive approaches to fraud detection that enable participants to identify potential risks and take appropriate preventive measures.

Objectives

• Understand key fraud concepts including types of fraud, common fraud schemes, and typical red flags within organizations.
• Develop the capability to identify, assess, and categorize fraud risks across business operations, transactions, and customer activities.
• Identify the profiles of likely fraudsters
• Evaluate the fraud risks
• Develop a cybersecurity fraud prevention programme
• Target identity fraud
• Develop an anti-corruption strategy
• Enhance competencies in conducting fraud investigations, gathering evidence, interviewing, and reporting findings in a professional manner.
• Gain proficiency in using fraud monitoring tools and compliance systems for early detection and prevention.