Exam Preparation
MFI™Masterclass in Fraud InvestigationsAdvanced Forensics and AML program
Rating:
English
Intermediate
FACE 2 FACE
ON SITE TRAINING
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Course Overview
Fraud and Corruption is costing corporations and government 5% of revenue or spend, according to the ACFE (Association of Certified Fraud Examiners). This equates to US$4 trillion per year. This is a worldwide epidemic and can only be tackled by effective Fraud Risk Management. The most effective way to manage and combat Fraud is to train fraud fighters and employees in identifying key indicators of fraud and in the latest techniques for identifying, investigation and managing fraud risk. This course will equip you to manage and fight fraud and be a part of the process to reduce the impact on organisations, whilst assisting you in positive career advancement.
Key Takeaways
1
Identify key characteristics of fraud and corruption risks upon returning to work.
2
Update knowledge on current fraud trends and new investigation technologies.
3
Implement a comprehensive fraud policy effectively within your organization.
4
Engage corporate investigators in fraud risk management and investigations.
5
Understand emerging risks in blockchain and bitcoin fraud.
International Academy of Business and Financial Management
The International Academy of Business and Financial Management™ (IABFM) is a global professional association offering certification training programs worldwide. IABFM™ hosts and organizes professional development courses and grants exclusive board designations to candidates who successfully meet its established standards and assessment criteria. With more than 200,000 members and affiliates across over 145 countries, IABFM™ focuses on advancing careers in business, finance, and management through specialized certifications.
Course Outline
Part 1
Redefining and understanding fraud
• Dissecting the definition of fraud
• Fraud Triangle and Diamond
• Fraud Profiling
• Who are the fraudsters – internal and external
• ACFE Report to the Nation
• Fraud cases - studies and the key lessons
• Fraud Triangle and Diamond
• Fraud Profiling
• Who are the fraudsters – internal and external
• ACFE Report to the Nation
• Fraud cases - studies and the key lessons
Fraud Schemes
• Financial Statement Fraud
◦ Different schemes
◦ Key indicators in financial statements analysis
◦ Key indicators through Ratio Analysis
• Fraudulent non-financial reporting
• Asset Misappropriation
◦ Cash receipts
◦ Fraudulent disbursements
◦ Inventory and other assets
• Bribery and corruption
• Theft of Data and intellectual property
• Identity Theft
◦ Social Engineering & Identity Fraud
▪ Social engineering techniques
▪ The psychology of persuasion
▪ Types of targets for impersonation
• Financial institution fraud
• Payment fraud
• Insurance fraud
• Health care fraud
• Consumer fraud
• Computer and internet fraud
• Contract and procurement fraud
◦ Different schemes
◦ Key indicators in financial statements analysis
◦ Key indicators through Ratio Analysis
• Fraudulent non-financial reporting
• Asset Misappropriation
◦ Cash receipts
◦ Fraudulent disbursements
◦ Inventory and other assets
• Bribery and corruption
• Theft of Data and intellectual property
• Identity Theft
◦ Social Engineering & Identity Fraud
▪ Social engineering techniques
▪ The psychology of persuasion
▪ Types of targets for impersonation
• Financial institution fraud
• Payment fraud
• Insurance fraud
• Health care fraud
• Consumer fraud
• Computer and internet fraud
• Contract and procurement fraud
Part 2
Conflict of Interest and Related Party Transactions
• Definition of Conflict of Interest
• Definition of a related party
• Definition of Arm’s Length Dealing
• Guidelines, policies and procedures
• Disclosure requirements
• Definition of a related party
• Definition of Arm’s Length Dealing
• Guidelines, policies and procedures
• Disclosure requirements
Anti-Money Laundering
• Money Laundering Process
◦ Placement
◦ Layering
◦ Integration
• Money Laundering Methods
◦ Front Businesses
◦ Overstating reported revenues and expenses
◦ Depositing and not recording revenue
◦ Favorite businesses for hiding money
◦ Placement
◦ Layering
◦ Integration
• Money Laundering Methods
◦ Front Businesses
◦ Overstating reported revenues and expenses
◦ Depositing and not recording revenue
◦ Favorite businesses for hiding money
Detection
• Why do controls fail to protect an organization from fraud
• Thinking like a fraudster
• Key fraud indicators – and how to use them
• Developing a forensic audit toolkit
• Cost-effective balance between prevention and detection
• Identifying vulnerabilities
• Hotlines, Notification Systems and Whistleblower protection
◦ The importance of a good whistleblowing system
◦ Why Whistleblowing system fail
◦ Inside the mind of a whistleblowers
◦ Implementation of a good whistleblowing system
• Thinking like a fraudster
• Key fraud indicators – and how to use them
• Developing a forensic audit toolkit
• Cost-effective balance between prevention and detection
• Identifying vulnerabilities
• Hotlines, Notification Systems and Whistleblower protection
◦ The importance of a good whistleblowing system
◦ Why Whistleblowing system fail
◦ Inside the mind of a whistleblowers
◦ Implementation of a good whistleblowing system
Part 3
Investigations
• Planning the investigation
• Conducting the Fraud Examination
• Analyzing Documents
• Interview Theory and Application
• Interviewing suspects and signed statements
• Covert examinations
• Sources of information
• Principles and form of evidence
• Fraud risk prioritization
• Data analysis and reporting tools
◦ Use of Computer assisted audit techniques (CAAT’s)
◦ Data mining techniques
◦ Forensic auditing of big data
• Digital forensics
• Tracing illicit transactions
• Conducting the Fraud Examination
• Analyzing Documents
• Interview Theory and Application
• Interviewing suspects and signed statements
• Covert examinations
• Sources of information
• Principles and form of evidence
• Fraud risk prioritization
• Data analysis and reporting tools
◦ Use of Computer assisted audit techniques (CAAT’s)
◦ Data mining techniques
◦ Forensic auditing of big data
• Digital forensics
• Tracing illicit transactions
Legal and Ethical Considerations in Fraud Investigations
• Understanding the laws and regulations related to fraud
• Understanding the cultural, social and economic context of fraud and how it can affect the investigation process.
• Rights and responsibilities of fraud investigators
◦ Privacy laws
◦ Rules of professional conduct
◦ Guidelines for conducting investigations
• Documenting and preserving evidence
• The impact of fraud on victims
• Understanding the cultural, social and economic context of fraud and how it can affect the investigation process.
• Rights and responsibilities of fraud investigators
◦ Privacy laws
◦ Rules of professional conduct
◦ Guidelines for conducting investigations
• Documenting and preserving evidence
• The impact of fraud on victims
Part 4
Report writing
• Types of reports
• Structure of the report
• Words to avoid
• Defining the scope and limitations
• Validation of the report
• Finalization of the report
• Structure of the report
• Words to avoid
• Defining the scope and limitations
• Validation of the report
• Finalization of the report
Fraud Prevention and Deterrence
• Understanding criminal behavior
• Understanding White Collar Crime
• Understanding the roles - The Three Lines Model
• Fraud prevention program
• Fraud risk management
◦ Fraud risk governance
◦ Fraud risk assessment-frameworks
◦ Conducting the fraud risk assessment
◦ Addressing Identified fraud risks
◦ Fraud Risk Assessment tools
◦ Fraud control activities
◦ Fraud Risk Management Monitoring Activities
◦ Fraud Risk Management Reporting
◦ Corporate Governance
◦ Code of Conduct
• Understanding White Collar Crime
• Understanding the roles - The Three Lines Model
• Fraud prevention program
• Fraud risk management
◦ Fraud risk governance
◦ Fraud risk assessment-frameworks
◦ Conducting the fraud risk assessment
◦ Addressing Identified fraud risks
◦ Fraud Risk Assessment tools
◦ Fraud control activities
◦ Fraud Risk Management Monitoring Activities
◦ Fraud Risk Management Reporting
◦ Corporate Governance
◦ Code of Conduct
Who Should Attend?
This highly practical and interactive course has been specifically designed for
→ Internal Auditors
→ Risk Managers
→ Fraud Investigators and examiners
→ Financial Managers
→ Corporate Fraud Police
→ Banking employees/managers
→ Security experts
→ Big 4 Accountants and Auditors
→ Lawyers
FAQ
What language will the course be taught in and what level of English do I need to take part in a LEORON training program?
Most LEORON courses are delivered in English. However, there are some courses offered in Arabic, mainly online. For our in-house courses, sessions can be curated and delivered in any language upon request. In general, the best way to confirm language availability is to check with our Enrollment Managers for the most up-to-date information. Simply click on “Let’s talk on WhatsApp” to chat with us directly.
What formats are the courses offered in?
LEORON delivers training in various formats including face-to-face, live virtual sessions, self-paced learning, in-house delivery as well as online courses.
Are LEORON Public courses certified by an official body/organization?
Yes, most LEORON public courses are accredited by internationally recognized bodies such as CIPD, ATD, PMI, EdEx, and many others—depending on the course.
Who accredits LEORON’s training programs?
LEORON partners with over 20 international bodies such as PMI, CIPD, ATD, EdEx, NASBA, CISI, GARP, HRCI, SHRM, ACCA, ASQ, IIA, ILM, IAC, and others
Are CPD points or PDUs provided?
Yes, learners can earn CPD credits and professional development units (PDUs) including NASBA CPEs, PMI PDUs, CISI, GARP, HRCI, SHRM, and more.
How can I register for a course?
You can register through our website by filling in the inquiry form, or by speaking directly with one of our consultants via WhatsApp or email. Once we confirm your interest, we’ll guide you through the steps.
When is the registration deadline for public courses?
Registration typically closes 14 days before the course start date, with occasional late registrations accepted upon confirmation
What is included in the course fee?
The fee generally covers 5-star venue facilities, training materials, certified instruction, lunches and refreshments, plus certification and membership where applicabl0065
Are there group rates or discounts?
Yes, group bookings and corporate-level discounts are available. Learners are encouraged to reach out to discuss specific arrangements
What support is available with registration?
Enrollment Managers and a Registration Desk assist with the entire process, including deadlines, travel logistics, and course customization. As well as any other special requests you might have. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Can I request a bespoke course at my location or within my organization?
Yes, in-house training is fully customizable in terms of curriculum, language, delivery, and timing. You can suggest dates and locations. Simply to go your preferred course and click on “Let’s chat on WhatsApp” in order to address any questions or concerns in this regards.
What is the refund or cancellation policy?
Refund and cancellation policies vary depending on the course type and location. Generally, cancellations made at least 14 days before the course start date may be eligible for a full or partial refund, while cancellations made closer to the course date may incur a fee. For exact terms, please consult your Enrollment Manager or refer to the course confirmation email.
Can I register multiple employees from my company?
Yes. We support group registrations and offer corporate packages for organizations enrolling multiple participants. Our team can help coordinate the logistics for group bookings.
Who should attend these courses?
LEORON caters to a variety of professionals: from those seeking leadership development to project managers, HR specialists, finance professionals, cybersecurity, procurement, Ai enthusiasts and many others.
Do I need prior experience or academic qualifications?
Not always. Many specialized paths, like cybersecurity, accept learners without prior experience. However, some courses (e.g., PMI PDU-based ones) may have recommended prerequisites. Its always better to chat with one of our Enrollment Managers to discuss more. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Will I receive a certificate after completing the course?
Yes. Upon full attendance and successful completion, you will receive a certificate of participation or accreditation, depending on the course.
Are meals and refreshments included in face-to-face courses?
Yes. For in-person courses, lunch and coffee breaks are provided daily at the venue.
Can LEORON deliver a course in-house at our organization?
Absolutely. All programs can be delivered privately at your company or virtually for your team, customized to match your internal goals and structure.
Reviews
- Review:Certified Professional in Quality and Patient SafetyWe have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. LEORON has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,Nasser M. Al-SubaieSr. Program Officer, Enterprise Learning & Human Development at Kuwait Foundation for the Advancemen
- Review:IAMM Internal Audit Maturity ModelIn recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!Dalal KutbiCountry Learning & Development Manager at IKEA Saudi Arabia
- Review:Certified Professional in Quality and Patient SafetyDating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider ‘’LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,Turki S. AlsahaanDir L&D, Talent Management at Mobily, Etihad Etisalat Company
- Review:Certified Professional in Quality and Patient SafetySince the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.Emad AlrajihVP, Business Winning at BAE Systems Saudi Development & Training
