Financial Statement Fraud and Identifying Red Flags

This AML compliance webinar will look at the use of financial statements as a tool to commit fraud upon the financial sector and investors and common tricks used by fraudsters, as well as identifying “red flags” for potential problems.

WHY SHOULD YOU ATTEND

Many companies have started addressing financial statement fraud due to the financial losses suffered and collapse of their well established brand identity. This webinar will discuss some of the ways in which one relying on such financial information may take steps to prevent falling victim to fraud.

AREAS COVERED

• Financial Statement Fraud – what is it and some examples of its use
• Often-used tricks to commit fraud in financial statements
• How to verify financial statement information
• Red flags -how to identify potential fraudulent information
• What to do when potential fraud is found or identified
• How to confront a person or company providing fraudulent information
• Developing a policy to verify fraud and risk management techniques
• Some recent notable cases involving financial statement fraud

LEARNING OBJECTIVES

• Understand the components and red flags of fraud
• Management’s responsibility in fraud prevention
• Practical approach that can be applied

WHO WILL BENEFIT

• Banks and other financial institutions
• Credit Unions
• Financing companies
• Risk Managers
• Securities Dealers
• AML Compliance Officers
• Heads/Directors of AML Compliance
• Anti-Money Laundering Investigator
• CCOs (Chief Compliance Officers)
• MLROs, (Money Laundering Reporting Officers)