Developing an Effective Fraud Risk Management Program

Key Take Away

This AML compliance webinar will look at various ways in which a financial institution or business may fall victim to fraud and ways in which such financial institution or business may develop a risk management to detect suspect fraud.

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 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 In This Webinar

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:

http://bit.ly/2t5PZoX

Email: [email protected]

Toll Free: +1- 844-414-1400

Tel: +1-516-900-5509

Fax: +1-516-300-1584

Speaker and Presenter Information

Kenneth Barden is a an attorney and an expert in financial integrity and compliance. For many years, Ken has been 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.