Developing an Effective Fraud Risk Management Program
OVERVIEW
Risk of fraud is one of the types of fraud encountered by organizations today. If not addressed on time, it can bring disastrous results. Building effective fraud risk management program is a must. To do this, you must have tangible understanding of how and why fraud is carried out.
WHY SHOULD YOU ATTEND
Did you know that organizations tend to lose approximately 5% of their annual revenues to fraud? Unfortunately, most of the risk management personnel tend to misjudge the role of fraud in the scope of their duties. It is very important that organizations focus on risk and take steps to deter fraud. But, without clear objectives, it is not possible to have an effective fraud risk management program.
AREAS COVERED
- Fraud – what is it and some recent case examples
- Some ways in which fraud can be manifested
- Developing a risk management program to identify potential fraud
- Indicators or “red flags” which can help to identify instances of possible fraud
- What to do when potential fraud is found or identified
- How to confront a person or company committing fraud
- Some recent notable cases involving fraud
LEARNING OBJECTIVES
- Identify, evaluate and manage fraud risks from all sources
- Support fraud risk management proposals by launching an anti-fraud culture
- Develop a system of internal controls to address the entity’s fraud risks
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)
For more detail please click on this below link:
Email: [email protected]
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
Speaker and Presenter Information
Kenneth Barden is a Senior Anticorruption and Good Governance Advisor with the Governance and Rule of Law Team at USAID. For many years, Ken was an independent consultant for several international development projects, including ones funded by USAID, the MCC, World Bank, UN, Asian Development Bank and others. Ken served as Team Leader for the USAID-administered MCC Threshold Indonesia Control of Corruption Project in Indonesia, working on anticorruption and judicial reform. Immediately prior to joining USAID, Ken was with the USAID Modernizing Financial Institutions project in the West Bank, where he led implementation of anti-money laundering and anticorruption activities. Ken’s experience includes work in Eastern Europe, Central and Southeastern Asia, Oceania, the Middle East and Africa. He also has over 15 years of experience in municipal government. Ken holds a Juris Doctor from Indiana University, and a Bachelor’s degree in Political Science from University of Indianapolis, as well as post-graduate work in Disaster Management from the University of Wisconsin and in International Humanitarian Law from the National Academy of Legal Studies and Research (NALSAR), in Hyderabad, India.
Relevant Government Agencies
Dept of Education, Other Federal Agencies, State Government, State & Local Government
Event Type
Webcast
This event has no exhibitor/sponsor opportunities
When
Thu, Jan 18, 2018, 1:00pm - 2:30pm
ET
Website
Click here to visit event website
Event Sponsors
Organizer
Training Doyens
