Online Training – Introduction to Fraud Course overview The exact size of the Fraud problem is impossible to assess, however there have been a number of attempts to estimate the size of the problem, which has estimated the cost to businesses globally as trillions of dollars each year. In the “Serious Fraud in Australia and New Zealand” report conducted by Australian Institute of Criminology (AIC) and PWC estimated the overall cost of fraud to be around $5.8 billion per year. It is essential, that individuals and companies acquire a better understanding of what types of fraud exist, how fraud might occur, the potential consequences associated with fraud and what to do to mitigate fraud risks.
Target audience The course is designed for any employees who are required to obtain a better understanding of the Fraud risks that their business faces on a day-to-day basis.
Course content Module 1 – Introduction Module 2 – Overview of fraud Module 3 – Different types of fraud Module 4 – Case studies Module 5 – How to identify, mitigate and manage fraud risks Module 6 – Fundamental requirements for effective risk management Learning assessment
Pricing Courses are available for $200 for members or $250 for non-members. Discounts are available for corporate licenses and courses can be customised to suit specific requirements. Access this and other courses on the following link - http://elearn.financialcrimesconsulting.com/
Detailed Course Outline Module 1: Introduction Module 2: Overview of fraud What is money laundering and terrorism financing? Define the term ‘fraud’ Why is there a need for fraud training? What types of fraud are there? What is the size of the fraud problem? Examples of fraud reported in the media Rogues gallery of significant fraudsters. Module 3: Different types of fraud How does fraud happen – counterfeiting, identity theft and physical theft Where does fraud occur – instruments, products, channels and transactions Overview of instruments used to commit fraud – cheques, money orders & promissory notes Overview of products used to commit fraud – credit and debit card fraud, mortgage fraud and securities fraud Overview of channels used to commit fraud – ATMs, EFTPOS, Branches, Internet and Phone Overview of fraudulent transaction types Overview of employee fraud – asset misappropriation, false accounting and tax evasion Overview of scams and deceptions – ponzi schemes, pyramid schemes, advanced fee fraud schemes, auction fraud schemes and fake job schemes. Module 4: Case studies In this module we provide a real-life case study explaining how fraudsters can capitalize on public information or stolen correspondence to conduct identity theft and associated fraud through taking control over a victims account’s. Module 5: How to identify, manage and mitigate fraud risks How to identify fraud What strategies can be adopted to manage suspicions of or actual frauds? What does a ‘typical’ fraudster look like? Red flags for identifying fraudulent activity – employee, management and other What should you do if you suspect fraud has occurred? What should you do if you know fraud has occurred? What can you do to protect your organisation from Fraud? What can you do to prevent becoming a victim of fraud? What can you do to prevent having your personal details hacked? What can you do to prevent having your identity stolen? What can you do to minimise the risk of becoming a victim of fraud? Module 6: Fundamental requirements of effective fraud risk management What are the costs to business for not managing fraud properly? Building an effective Fraud Risk Management Program Learning Assessment