We are aware of the most current cases on violation of the anti-money laundering regulations and the cost associated to it. The fines imposed by the Regulators are quite severe and damaging to any organisation without mentioning the cost to their reputation.
Virtually every entity suffers from fraud, though management might not know it. With fraud costing entities an estimated five percent of their annual revenues, organizations lacking proactive fraud prevention measures are the most at risk. This course will show you why traditional internal controls can be ineffective in preventing many frauds and how to combat fraud more effectively and economically.
Occupational fraud is a significant threat to any organisation. Those organisations which employ fewer anti-fraud controls are more vulnerable to fraud. Nearly half of victim organisations do not recover any losses they suffer due to fraud.
This course provides a comprehensive, practical analysis of anti-money laundering legislation and implementation to help you get to grips with the complexities associated with fraud prevention and the protection of your organisation.
You will also discover what you can do to protect your company from fraud. Learn about management’s responsibilities for preventing fraud and effective internal controls to aid in this effort. This course will take you further into leading techniques to manage the risk of fraud and cut its ongoing cost for all types of entities.
5 Core Takeaways:
- Understanding how the different money laundering schemes work
- What to look for within your organisation to prevent fraud/ money laundering
- How to plan the investigation
- Developing an anti-fraud program and fraud prevention culture
- How to locate assets using different methods