Fraud Awareness, Prevention & Detection

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Fraud Awareness, Prevention & Detection - 1 day workshop

Overview

In an ever demanding economic environment, no organisation is immune from the threat of fraud and financial crime – threats which may arise internally, externally or via some form of collusion. According to the National Fraud Authority, the true cost of fraud in the UK is £30bn a year – The Public Sector alone is accountable for 58% of this figure.

This workshop enables delegates to raise their knowledge and understanding of the financial crime threats to their organisations, and to corporate objectives, from fraud, theft, corruption and other ‘irregularities’. It also provides them with an awareness of the mechanisms by which organisations can help prevent these risks from arising, detect the risks at the earliest opportunity where they do exist, and mitigate against their impact on the organisation.

Importantly, the workshop will provide guidance on what preliminary steps an organisation should take to investigate matters itself initially before determining whether there is a need to involve the authorities, and what checks and balances should be in place not only to prevent fraud but to evidence good practice and probity.

Content

Following recent high profile allegations of bribery and corruption surrounding both the Pakistani cricket team and senior members of the FIFA selection committee for the 2018 and 2022 World cup bids, the introduction of new UK legislation to combat this form of financial crime could not be more timely!

The Bribery Act 2010, which comes into force in early 2011, paves the way for unlimited fines and potential custodial sentences for UK businesses and their senior officers found guilty of failure to prevent, condoning or actually committing, bribery. The Act will also introduce a new corporate offence of failure by commercial organisations to prevent bribery by anyone working on behalf of organisations, including third party contractors and agents. By way of mitigation, the new legislation will expect all such businesses to put in place meaningful measures to prevent bribery from occurring.

The facilitator will discuss the new legislation, the penalties and what measures you and your organisation can take to help comply with the expected requirements.

This workshop draws on the experience and knowledge of successful fraud risk management and investigation expertise from across the public, corporate and charitable sectors.

The workshop will cover:

  • What is ‘fraud’? – an overview of fraud, theft, corruption, money laundering – and the new Bribery Act
  • Types of fraud – definitions, statistics, trends and fraudster motivations
  • Most common fraud risk areas in all organisations
  • Fraud risk management – steps to combat fraud (including ‘whistle-blowing’)
  • Responding to fraud – the “do’s & don’ts”
  • Case study examples
  • Practical scenario-based exercises – delegate participation
  • Fraud awareness video presentation
  • Question & Answer session

Learning Objectives

Delegates will be able to:

  • Develop a knowledge of the relevant legislation relating to fraud
  • Gain an understanding of how and where fraud risks can arise
  • Identify the step you should take if a fraud occurs
  • Recognise the warning signs and indicators of fraud risks
  • Understand the methods by which you can start to ‘fraud-proof’ your organisation
  • Develop the basics of an ‘anti fraud toolkit’

Supporting Materials to be used

  • PowerPoint presentations
  • Practical scenario-based exercises
  • DVD video presentation
  • Workshop handouts/Presentation notes

Who Should Attend?

This workshop will be especially appropriate for all those responsible for the good governance and management of their organisations, and specifically those with responsibility for budgetary control of funded projects and ensuring the probity of how external and especially government funding is accounted for. Sectors will include Employers in general, Public Services, Education and Training, Local Government, etc.

There are no open events scheduled for this topic.
Many of our events are run as open events at various locations around the UK. See the Events Diary for scheduled events. All topics can be run as internal events on your premises.
In-house Event for Your Organisation
We can run this topic as an in-house event for your organisation on your premises. This can provide a high quality and cost effective staff development route.
This workshop is  Price Band B 
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Workshop Style

This training course is delivered in a workshop style. It is highly participative with a blend of presentation, group exercises and debate.  A comprehensive delegate pack is included. .

Numbers

To ensure effective levels of delegate participation, involvement and interaction, delegate numbers are restricted.  This workshop is suitable for groups of 2 to 20 delegates.

Certification

Formal CPD certificates are provided after the event in a form which is acceptable as CPD evidence to many professional bodies and institutions.

Facilitator

The facilitator for this workshop is a highly experienced trainer with in-depth subject knowledge.