Financial Crime Investigation Training Course

Introduction:

This financial crime investigation course is for those who wish to learn about the most common white-collar crime in business fraud. Fraud encompasses the fraud triangle of opportunity, rationalization, and pressure, which includes many human psychological components.

This financial crime investigation training will dive deep into the why, the how, and the who as we discuss what the typical fraudster 'looks like' and why they decide to perpetrate a crime against a company. Upon studying how white-collar criminals do their work, the course reviews, with real examples, how companies combat fraud in preventive and detective ways.

Further, we explore some of the more common types of fraud discovery, including the use of big data and analytics tools, through case studies. Finally, we look at ways internal controls can help or hinder fraud prevention via hands-on exercises where you design the fraud control. Learn about how to protect your company's assets against white-collar crime!

Becoming a Financial Crime Investigator:

In this financial crime investigation course, participants will learn financial crime investigators' essential roles and responsibilities. Understanding what is a financial crime investigation is crucial in identifying and mitigating fraud risks.

Learn the requisite financial crime investigator qualifications and explore how to undertake a thorough financial crime investigation process. This financial crime investigation course provides a foundational stepping stone to obtaining a certificate in financial crime investigation or even certification in financial crime investigation.

Targeted Groups:

• Middle-level and Upper Management within small, medium, and large companies or organizations.
• Internal Auditors.
• Compliance/Security Officers and Staff.
• Front-line Staff at any organization.

Course Objectives:

By the end of this financial crime investigation course, participants will be able to:

• Identify the signs of possible fraud within the workplace.
• Select the appropriate audit procedures for conducting a fraud audit.
• Select and explain the areas of risk and exposure to fraud in a company situation.
• Describe the various remedies available to those who suffer a loss through fraud.
• Utilize cutting-edge tools in fraud discovery and prevention.

Targeted Competencies:

At the end of this financial crime investigation training, participants competencies will:

• The History and Psychology of Fraud in the Workplace.
• Key Traits and Triggers that may suggest fraud is or could take Place.
• Internal Controls Discussions that, if absent, can open the door to white-collar crime.
• Preventive and Detective Controls that Combat Fraudulent Behaviors.

Course Content:

Unit 1: Self-Awareness and Identification:

• Understand the Nature of Fraud.
• Reflect on Why People Commit Fraud.
• Study the Fraud Triangle.
• Reviewing financial and personal vices leads to fraudulent behavior.
• Profiling a Fraudster.

Unit 2: Beginning to Identify and Detect:

• Understand Fraud Measures in Your Organizations.
• Discuss How Companies Fight Fraud Today.
• Consider the Gaps in the Internal Control Structure.
• Identify Preventive Fraud Controls.
• Identify Detective Fraud Controls.

Unit 3: Reporting and Investigating:

• Recognize the Symptoms of Fraud.
• Appreciate whistle-blowing within Organizations.
• Follow up on Fraud Reports by Whistle-blowers.
• Investigate Purported Fraud.
• Use Data-driven Fraud Analysis Techniques (Introduction).

Unit 4: Data-Driven Analysis:

• Use Data-driven Fraud Analysis Techniques.
• Use Data-mining Software and Procedures.
• Grind through the Data and Discover the Gold Nuggets.
• Investigate Theft Acts.
• Investigate and Determine if Concealment Has Taken Place.

Unit 5: Interview and the Specifics of Financial Statement Issues:

• Inquire Methods and Fraud Reports.
• Interview Techniques and Tricks.
• Understand Financial Statement Fraud.
• Understand Revenue/Inventory-related Fraud.
• Explore and Understand Other Types of Fraud.
• Understand Consumer Fraud.