Best practices for fraud risk management
View AgendaKey reasons to attend
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Identify a company’s reputational damage due to fraud
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Understand the regulatory requirements and expected information to report
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Effectively implement a fraud risk assessment
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About the course
Fraud represents one of the main financial crimes in the industry, being a rising concern due to the aftereffects of the pandemic, a volatile market and constant emergence of new technologies.
Sessions in this 4-day learning event will provide delegates the opportunity to explore the relationship between fraud, anti-money laundering and cyber security. Delegates will also learn how fraud is successfully managed internally by creating an anti-fraud culture and exploring the three lines of defence model.
Subject matter experts will lead discussions to strengthen delegates’ knowledge on fraud management, understand the challenges and latest technology used in fraud detection, as well as learn about the current developments and trends.
Learning objectives
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Differentiate between internal and external fraudulent acts
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Employ effective internal controls to mitigate risks
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Navigate whistleblowing when internal fraud management occurs
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Develop anti-fraud activities and preventive measures
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Identify the challenges and impacts of the geopolitical landscape in fraud management
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Apply machine learning and technology to improve fraud detection
Who should attend
Relevant departments may include but are not limited to:
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Fraud
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Risk management
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Operational risk
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Anti-money laundering
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Cybercrime and security
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Compliance
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Financial crime
Agenda
Sessions:
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Fraud as an operational risk
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Understanding fraud risk
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Understanding the scope of fraud and internal fraud management
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Internal controls
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Developing a robust fraud risk management plan
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Challenges in fighting fraud risk
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Machine learning in fraud detection
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Developments of fraud risk management
Pre-reading materials
The Risk.net resources below have been selected to enhance your learning experience:
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How banks got caught in Archegos’s web of lies - Read article | Risk.net
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Conduct risk: be proactive, stay ahead - Read article | Risk.net
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‘Give us tools to finish the job’, say finance’s crime fighters - Read article | Risk.net
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In roiling markets, fraud rises. Banks want to understand why - Read article | Risk.net
A Risk.net subscription will provide you access to these articles. Alternatively, register for free to read two news articles a month.
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