Exam Preparation
MFI™Masterclass in Fraud InvestigationsAdvanced Forensics and AML program
Rating:
English
Intermediate
14 Nasba
FACE 2 FACE
ON SITE TRAINING
LIVE VIRTUAL
TRAINING
COACHING
& MENTORING
SELF-PACED
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
Key Takeaways
1
To be able to return to work and immediately identify key characteristics of fraud and corruption risk.
2
To be updated on Current Fraud Trends, and the latest investigation techniques and technologies.
3
A comprehensive Fraud Policy for implementation at your organization.
4
To involve Corporate Investigators in Fraud Risk Management and Investigations.
5
An update on Blockchain and Bitcoin Fraud risk.
Certifications
Course Outline
DAY 1 Session 1
An introduction to Fraud and Corruption
→ Fraud and Corruption Defined
→ Classes of Fraud
→ Asset Misappropriation
→ Financial Statement Fraud
→ Corruption
→ Understanding Human Behaviour and the decision to steal
→ Classes of Fraud
→ Asset Misappropriation
→ Financial Statement Fraud
→ Corruption
→ Understanding Human Behaviour and the decision to steal
Current Fraud Trends
→ Worldwide trends in Fraud and Corruption
→ Fraud Statistics
→ A look at some recent Corporate Frauds making history
→ Fraud Statistics
→ A look at some recent Corporate Frauds making history
Anti-Fraud Programs
→ A Fraud Prevention Strategy for your organisation
→ Constituent Parts of a Sound Anti-Fraud Program
→ Effective Fraud Control
→ Code of Business Ethics and Conduct
→ Let’s work through a Fraud Policy for your Organisation
→ Constituent Parts of a Sound Anti-Fraud Program
→ Effective Fraud Control
→ Code of Business Ethics and Conduct
→ Let’s work through a Fraud Policy for your Organisation
Fraud Risk Assessment
→ Fraud Risk Assessment defined
→ Fraud Risk Influencers
→ What makes a successful Fraud Risk Assessment
→ The Fraud Risk Assessment Process
→ Let’s work through a Fraud Risk Assessment Case Study
→ The Fraud Risk Register and Heat map
→ The Fraud Risk Assessment and its link to the Audit Process
→ Fraud Risk Influencers
→ What makes a successful Fraud Risk Assessment
→ The Fraud Risk Assessment Process
→ Let’s work through a Fraud Risk Assessment Case Study
→ The Fraud Risk Register and Heat map
→ The Fraud Risk Assessment and its link to the Audit Process
Fraud Hotlines
→ The History of Whistle-blowing
→ The Characteristics of a successful Whistleblowing Hotline
→ How to get the most out of your Fraud Hotline
→ The Value of Anonymity
→ The Characteristics of a successful Whistleblowing Hotline
→ How to get the most out of your Fraud Hotline
→ The Value of Anonymity
Profiling the Fraudster
→ Understand the Motives
→ Identify and understand the Characteristics of a Fraudster
→ Departments most prone to Fraud
→ Positions most prone to Fraud
→ High Risk Industries
→ Identify and understand the Characteristics of a Fraudster
→ Departments most prone to Fraud
→ Positions most prone to Fraud
→ High Risk Industries
DAY 2 Session 2
Investigating and Detecting Corporate Fraud
→ Procurement Fraud
→ Fraud in the Purchase Invoicing Process
→ Cheque Fraud
→ Credit Card Fraud
→ Payroll Fraud
→ Fraud in the Tender Process
→ Fraud in the Sales Process
→ Stock Fraud
→ Syndicated Activity
→ Balance Sheet mis-statement
→ Tips for the Investigator
→ Detection techniques
→ Fraud in the Purchase Invoicing Process
→ Cheque Fraud
→ Credit Card Fraud
→ Payroll Fraud
→ Fraud in the Tender Process
→ Fraud in the Sales Process
→ Stock Fraud
→ Syndicated Activity
→ Balance Sheet mis-statement
→ Tips for the Investigator
→ Detection techniques
Handwriting and Document Analysis
→ Counterfeiting versus Forgery
→ Forensic methods of analysis
→ Examples and Characteristics of
→ Forensic methods of analysis
→ Examples and Characteristics of
Handwriting and Document Fraud
→ Handwriting exercise. Let’s analyse our own handwriting
→ How to Analyse and identify Paper, ink,
Pens, Pencils, Printers and Photocopiers
→ How to Analyse and identify Paper, ink,
Pens, Pencils, Printers and Photocopiers
Interviewing Skills
→ The Skills that make a good Interview
→ The Stages of an Interview
→ Effective Note Taking
→ What about Recording?
→ Body Language and recognizing nonverbal responses
→ Role Play Interviews in class
→ The Stages of an Interview
→ Effective Note Taking
→ What about Recording?
→ Body Language and recognizing nonverbal responses
→ Role Play Interviews in class
Financial Statement Fraud
→ Definition of Financial Statement Fraud
→ A study of some major Financial Statement Frauds
→ Understanding Financial Statements from a Fraud Risk Perspective
→ Who benefits from Financial Statement Fraud?
→ How is Financial Statement Fraud Committed
→ A look at Non-Financial Statement Fraud
→ Red Flags
→ A study of some major Financial Statement Frauds
→ Understanding Financial Statements from a Fraud Risk Perspective
→ Who benefits from Financial Statement Fraud?
→ How is Financial Statement Fraud Committed
→ A look at Non-Financial Statement Fraud
→ Red Flags
Blockchain and Cryptocurrency/Bitcoin Investigations
→ Understanding Blockchain and Blockchain Forensics
→ What are the Fraud Risks
→ Fraud Prevention in the Blockchain
→ Currency flow diagrams
→ Blockchain analytics
→ Wallet Risk Score Ranking
→ What are the Fraud Risks
→ Fraud Prevention in the Blockchain
→ Currency flow diagrams
→ Blockchain analytics
→ Wallet Risk Score Ranking
Evidence Gathering and Preparing for Court
→ Introduction and types of Evidence
→ Ordinary Witness versus Expert Witness
→ Subpoena’s to attend
→ The Admissibility debate
→ Testifying as an Expert Witness
→ Courtroom Testimony Tips
→ The Forensic Opinion. Factual Findings
→ Ordinary Witness versus Expert Witness
→ Subpoena’s to attend
→ The Admissibility debate
→ Testifying as an Expert Witness
→ Courtroom Testimony Tips
→ The Forensic Opinion. Factual Findings
DAY 3 Session 3
Anti-Money Laundering (AML)
→ Let’s work through an AML case-study
→ The three levels of AML - Placement, Layering and Integration
→ A typical Money Laundering Scheme
→ Al Capone and the origin of the phrase “money Laundering”
→ International Anti-Money Laundering Organizations and Initiatives
→ Some recent cases
→ Bitcoin and its use in Money Laundering
→ A walk through the Financial Action Task
Force (FATF) AML Principles
→ The three levels of AML - Placement, Layering and Integration
→ A typical Money Laundering Scheme
→ Al Capone and the origin of the phrase “money Laundering”
→ International Anti-Money Laundering Organizations and Initiatives
→ Some recent cases
→ Bitcoin and its use in Money Laundering
→ A walk through the Financial Action Task
Force (FATF) AML Principles
Anti-Bribery and Corruption
→ Bribery and Corruption, Managing the Risk
→ The Foreign Corrupt Practices Act (FCPA)
→ Let’s work through an FCPA Compliance Review
→ The UK Bribery Act (UKBA)
→ The importance of Managing Conflicts of Interest
→ The Workings of Transparency International
→ Let’s look at Transparency International’s Corruption Perception Index
→ An examination of some of the World’s Worst Corruption Cases
→ The Foreign Corrupt Practices Act (FCPA)
→ Let’s work through an FCPA Compliance Review
→ The UK Bribery Act (UKBA)
→ The importance of Managing Conflicts of Interest
→ The Workings of Transparency International
→ Let’s look at Transparency International’s Corruption Perception Index
→ An examination of some of the World’s Worst Corruption Cases
Computer Forensics and Data Analytics in Fraud Detection
→ How technology assists both the Fraudster and the Investigator
→ Mining Data to spot the anomalies
→ The Admissibility debate
→ Analysing data sets using Forensics Software
→ Let’s work through a data analytics case study
→ Identifying the Red Flags
→ Mining Data to spot the anomalies
→ The Admissibility debate
→ Analysing data sets using Forensics Software
→ Let’s work through a data analytics case study
→ Identifying the Red Flags
Cybercrime
→ Internet based Fraud
→ Let’s work through a real-life Cybercrime example/case study
→ The Inquisitive IT employee
→ How Hackers can help us
→ Be on guard for that rogue email address
→ Social Engineering
→ A Cybercrime Policy to Protect your Organisation
→ Let’s work through a real-life Cybercrime example/case study
→ The Inquisitive IT employee
→ How Hackers can help us
→ Be on guard for that rogue email address
→ Social Engineering
→ A Cybercrime Policy to Protect your Organisation
Financial Scams and Social Media Fraud
→ The Risk of using the Internet for transfers of Value
→ Social Engineering Fraud
→ Pyramid and Ponzi Schemes defined
→ Lottery Fraud Schemes
→ I.D. Theft
→ “Too good to be true” Investment Scams
→ ATM Fraud
→ “419” Schemes/Advance Fee Fraud
→ Social Engineering Fraud
→ Pyramid and Ponzi Schemes defined
→ Lottery Fraud Schemes
→ I.D. Theft
→ “Too good to be true” Investment Scams
→ ATM Fraud
→ “419” Schemes/Advance Fee Fraud
Day 4
Integrating Fraud Control into your Internal Control Strategy
→ Levels of Internal Control
→ 3 (now 5) Lines of Defence Model
→ A Strategy for Implementing Fraud Control
→ Designing an Internal Control Environment to include Fraud Management
→ 3 (now 5) Lines of Defence Model
→ A Strategy for Implementing Fraud Control
→ Designing an Internal Control Environment to include Fraud Management
The Role of Audit in Managing Fraud
→ Audit and Assurance as a fundamental
Fraud Control
→ External Audit and Internal Audit Roles in Fraud Prevention and Investigation
→ Accounting Guidelines and Best Practices
→ Fraud Investigation Techniques for Internal Auditors
→ Fraud Prevention for Internal Auditors
A Look at Some World-Wide Recent Fraud Scandals
Fraud Control
→ External Audit and Internal Audit Roles in Fraud Prevention and Investigation
→ Accounting Guidelines and Best Practices
→ Fraud Investigation Techniques for Internal Auditors
→ Fraud Prevention for Internal Auditors
A Look at Some World-Wide Recent Fraud Scandals
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
