A Deeper Look at Fraud Detection & Investigation Methodologies: Practical Approaches in Uncovering Fraud and Managing Fraudulent Risks

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Description

What is the use of all the technology and processes to prevent fraud when you do not take into account collusion. Syndicated and insider fraud offenders are aware of the measures employed to detect them and can devise counter measures to circumvent detection. You need special fraud detection and investigation techniques to stop such fraud.

Programme Outline

FRAUD DETECTION FUNDAMENTALS

1. Factors critical to an effective whistle blower program
2. Fraud profile and pattern analysis of latest Fraud cases
3. Screening & monitoring system to detect fraud
4. Fraud detection techniques: GHOST Protocol© - invisible measures with visible results

The whistle blower program is effective only if potential whistle blowers have confidence in the system and its anonymity. Transparency in the process of dealing with such complaint or information provided is also paramount in ensuring such confidence. Analysis of recent high profile fraud cases will be discussed to highlight operational lapses for participants to adopt the critical lessons learned including fraud detection techniques identified from real cases collected and archived over 10 years.

FRAUD INVESTIGATION METHODS - 5 PISTONS

Many investigations adopting conventional methods are ineffective against syndicated and insider fraud. Technology advances allow fraudsters to capitalize on providing all sorts of fake documents and information resulting in difficulty of authentication and verification of information provided. However, with the innovative concept of the 5 Pistons of an investigation© below, you will know how to detect & investigate Fraud effectively.

1. Interview piston: Forensic Interview Techniques - FIT
2. Forensic piston: Identifying suspect forged documents & digital evidence
3. Intelligence piston: Information network & covert operations
4. Industry/Insider Knowledge piston: Strategic & Operational Intelligence
5. Technology piston: Tools supporting the above pistons (eg: surveillance tools)

There is always a need for quality control in any product or service provided. This is the same for the investigation process. Therefore, an effective Fraud Investigation System is necessary to ensuring an independent and proper investigation is conducted. This section will provide the process and best practices culled from over 35 years of diverse investigation experience. Practical application on real past fraud cases will be used to allow participants the experiential learning to apply the skills and knowledge taught.

UNDERSTANDING EVIDENCE

1. Types of evidence & its admissibility in Court
2. Evidential rules and requirements
3. Analysis of evidence

This module provides practitioners with the practical knowledge on the evidential requirements in an investigation. The different types of evidence supporting the facts in the case and its admissibility must comply with the evidential rules required by law. In the process you may uncover potential evidence or leads that will allow the authorities with investigation powers to obtain the evidence for suspected criminal offences committed and ensure a better outcome after reporting to the police as there will be sufficient leads provided to support the case for the police investigation.

To prove your case, it is necessary to understand the legal requirements especially in terms of the admissible evidence supporting the case and the analysis of these evidence to determine whether it is sufficient to sustain the charge. For criminal cases it must be proven beyond reasonable doubt and for civil cases on the balance of probabilities.

This workshop qualifies for 2.0 CPE hours in Ethics and Professionalism (Category 2) and 5.0 CPE hours (Other Relevant Expertise).

What you will learn

• Have a practical understanding of how fraud is detected in real life
• Learn practical and proven methods to detect fraudulent activities that could bypass preventive measures
• Have an appreciation and practical understanding of proven fraud investigation techniques and methods

Target Audience

• Forensic Accountants
• Accountants in the Civil Service
• Investigators
• External and Internal Auditors
• HR Professionals
• Business Managers and Director
• Anyone who would like to gain more insights on the practical approaches in uncovering fraud and managing fraudulent risks

Expert Speaker

Jeffery Ang

Jeffrey was with the Commercial Affairs Department (CAD) and Criminal Investigation Department (CID), and had investigated multiple fraud cases and dealt with major syndicates. He also played a major role in the setting up of the new School of Criminal Investigation for CID in 2001 and the development of the various Investigation courses. He was presented with two Police Commendations and two Director CID Awards.

Jeffrey is engaged by Civil Service College to provide the Investigative Interview, Specialist Investigation and Putting up Investigation Report courses for all Government agencies, receiving outstanding feedback from course participants. He also provides Forensic Interview Techniques and Fraud Detection & Forensic Investigation courses for MNCs and government agencies, both locally and overseas.

Jeffrey was the Group Head of Loss Prevention for Sentosa Leisure Group & SDC for 5 years, overseeing the prosecution, enforcement, security and investigation functions. He is the author of 3 books on conducting Forensic Interviews & Fraud Investigation, and is able to blend practical aspects into his training methodology to allow effective transfer of real life knowledge to participants.