Sessions

The future of financial crime compliance is moving away from transaction-based monitoring, changing the corporate and regulatory landscapes. It is important to find the proverbial needle in the haystack, combining technology and people effectively. This session will use three real-life examples of using data and systems to generate precise alerts to help you identify financial crime risks within your organisation.

You Will Learn How To:

• Apply a shift in mindset from current methods
• Interpret data points to map and identify specific scenarios
• Determine ways to integrate data points into systems

Level: Advanced
Recommended Prerequisites: Working knowledge and experience in the use of data analytics and how the data is utilized
Field of Study: Specialised Knowledge and Applications

In May 2018, the first global data protection law, General Data Protection Regulation (GDPR), will replace the current Data Protection Directive in the European Union (EU) and will be directly applicable in all EU member states, without the need for implementing national legislation. Any fraud examiner working in a multinational organisation needs to get acquainted with the restrictions on transferring personal data outside the EU to avoid running into legal trouble. This session aims at presenting the transborder requirements of the GDPR and discussing some exceptions from such requirements under the GDPR.

You Will Learn How To:

• Reason through the impact of the Schrems case on cross-border data transfer
• Evaluate the applicability of the GDPR for businesses dealing with personal data in the EU
• Identify the GDPR provisions that fraud examiners should know in order to comply with the laws regulating cross-boarder data flows

Level: Intermediate
Recommended Prerequisites: Understanding of all aspects of an organisation’s approach to compliance
Field of Study: Specialised Knowledge and Applications

Compliance with anti-bribery and anti-corruption laws requires a well-laid approach to demonstrate to any government authorities, including courts, customers and suppliers. When a third-party certification is available, it clearly signals that the organisation is sincere in implementing and following the compliance requirements. A standard that provides and mandates a periodic risk assessment, training and regular third-party audit ensures knowledge dissemination on compliance requirements at all levels. ISO 37001, a new standard from the International Standards Organisation, aims to protect and preserve the organisation’s integrity by implementing a series of anti-corruption and anti-bribery controls. This session will explain the six-step process that can be used to assess existing processes and help organisations evaluate their existing anti-bribery policies.

You Will Learn How To:

• Demonstrate compliance under FCPA, UKBA or and various local laws with the new standards
• Implement new standards by utilising “Plan, Do, Check, Act” methodology
• Implement an integrated risk assessment program
• Prepare a corruption response plan

Level: Intermediate
Recommended Prerequisites: Understanding of the components making up a corrupt act and familiarity with the anti-corruption statues like FCPA and the UK Bribery Act
Field of Study: Specialised Knowledge and Applications

Conflicts of interest can be straightforward issues or muddy waters. Investigating conflict-of-interest issues can lead to uncovering other deeper issues, usually involving fraud, kickbacks and bribery schemes. This session will use a case study to explain what a conflict of interest is in the Asia-Pacific culture — with relationships being the root of doing business — how a conflict of interest policy works with third-party vending and how conflicts of interest can lead to other violations.

You Will Learn How To:

• Identify potential conflicts of interest
• Examine commercial bribery and what you can do to prevent and detect it
• Create a progressive compliance program

Level: Intermediate
Recommended Prerequisites: An understanding of what constitutes conflict of interest and how to recognize the red flags
Field of Study: Specialised Knowledge and Applications

Machine learning can help organisations detect and recognise thousands of features on a customer’s purchasing journey, instead of the few that can be captured by the traditional approach of creating rules and manual reviews. This ability to see deep into the data and make predictions for large volumes of transactions is the reason why organisations can use machine learning as their primary method of preventing and detecting fraud. This session will explain why traditional approaches to risk management are no longer effective, how you can leverage machine learning and analytics to detect emerging fraud risks, and tools and techniques in pinpointing potential fraud risks leveraging big data and machine learning. This will help you to set the appropriate risk appetite and tolerance for fraud in your organisation.

You Will Learn How To:

• Leverage machine learning and analytics to detect emerging fraud risks
• Determine why traditional approaches to risk management are no longer effective
• Identify tools and techniques to pinpoint potential fraud risks leveraging big data and machine learning
• Recognise the appropriate risk appetite and tolerance for fraud

Level: Intermediate
Recommended Prerequisites: Working knowledge of data analytics and how the data is utilised
Field of Study: Auditing

The value of using whistleblowing channels to identify fraudulent activity and other conduct concerns cannot be overstated. However, tips come in various forms and do not always contain sufficient detail to commence investigations or relate solely to fraud events. From an organisational perspective, a decision needs to be made as to what is considered in and out of scope in a whistleblower program. This session will provide insights into the practicalities of managing whistleblowers and investigation of whistleblowing cases inside an organisation. This session includes examples of case-specific challenges, tips in managing whistleblowers and the management of the program itself.

You Will Learn How To:

• Evaluate the scope of a whistleblowing program
• Apply practical tools and techniques to investigate whistleblowing cases
• Recall tips and considerations regarding discloser management
• Determine ways to maintain organisational confidence in whistleblower programs

Level: Intermediate
Recommended Prerequisites: Knowledge in the use of hotlines as a fraud detection technique
Field of Study: Behavioral Ethics

The storage and protection of personal data is now a global issue, but different countries have adopted different approaches. CFEs responsible for compliance and investigations need to understand the effect of China’s developing legislative regime for cybersecurity on their organisation’s obligations to store and protect personal data and on their own obligations during a fraud investigation. This session will use real cases of cyberfraud in China to help you understand your organisation’s data storage and protection obligations, and how to avoid legal liability for mishandling personal data in the course of an investigation.

You Will Learn How To:

• Recall China’s concept of internet sovereignty and its historical background as well as measures taken to protect internet sovereignty
• Recognise the impact of measures to protect internet sovereignty on the operations of multinational companies in China
• Identify the obligations of collecting, storing and handling personal data and the penalties for breach of these obligations
• Identify common types of cyberfraud in China and recall procedures to avoid liability for mishandling personal data

Level: Intermediate
Recommended Prerequisites: An understanding or what comprises cyber-crime and how to protect against it
Field of Study: Information Technology

Stakeholders expect auditors to plan and perform reasonable efforts to detect frauds and manipulations. The work of an auditor is no longer limited to ensuring that the financial statements are true and fair; rather the focus is now on fraud risk, fraud detection, fraud prevention and investigation. This session will look at how we can use a mathematical model that uses financial ratios and variables to identify if a company has manipulated its earnings.

You Will Learn How To:

• Apply automation to detect fraud in financial statements
• Develop a consistent view on the probability of manipulation in financial statements
• Identify areas where auditors should invest more time and resources, especially in substantive audit procedures
• Determine methods to minimise audit risk without a significant increase in audit time and resources

Level: Intermediate
Recommended Prerequisites: Understanding of financial statement fraud techniques
Field of Study: Specialised Knowledge and Applications

The power of interviewing is often underestimated as a critical tool in the investigation process. Every day we make decisions based on the information we gather, typically through the questions we ask. This interactive session deals with the importance of interview planning and research prior to the interview, and the need to use simple language and to listen actively to responses provided. In addition, the session focuses on the analysis of words and body language in not only detecting deception but also in gathering critical information from a subject.

You Will Learn How To:

• Improve your question-formulation skills
• Recall the importance and approach to word analysis
• Recognise body language clues that are indicative of deception improved interview skills

Level: Advanced
Recommended Prerequisites: Knowledge of and experience with the fundamentals of interviewing
Field of Study: Communications and Marketing