Professional Trainings

Discover our comprehensive training designed on Foundations of Fraud Awareness: Safeguarding Your Organization - Level 1 (L1)

Schedule: 11-May-2024,Duration : 150 minutes

Guest Speaker: Justin Muscolino,Head of GCI Americas & Faculty Member & Founder JTM Compliance Training

Know your trainers: Justin Muscolino

Training Facilitator: Hemanth K, Founder of AML Custodians

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Fraud Fundamentals: L1 Training

Training content

1. Introduction to Fraud

   • Understanding Fraud

     • Definition of fraud

     • Types of fraud (e.g., asset misappropriation, financial statement fraud, corruption)

     • Importance of fraud awareness for organizations

   • Consequences of Fraud

     • Financial losses

     • Reputational damage

     • Legal and regulatory consequences

2. Fraud Risk Assessment

   • Identifying Vulnerabilities

     • Common fraud risk factors

     • Recognizing red flags

   • Assessing Fraud Risks

     • Risk assessment methodologies

     • Identifying high-risk areas within the organization

3. Fraud Prevention

   • Internal Controls

     • Importance of internal controls

     • Examples of effective controls

   • Employee Education

     • The role of employees in fraud prevention

     • Reporting suspicious activities

4. Fraud Detection

   • Detective Controls

     • Role of audits, monitoring, and data analysis

     • Investigative techniques

   • Common Fraud Indicators

     • Red flags and warning signs

     • Recognizing unusual behaviour