ICA Advanced Certificate in Managing Fraud

Why Attend

According to the latest PwC Global Economic Crime and Fraud Survey, 47% of companies have experienced fraud in the past 24 months with a total reported loss of US$42bn. Kristin Rivera, PwC Global Forensics Leader, says “when it comes to preventing and tackling fraud, our research shows that a dollar invested now is worth twice as much when fraud hits.” Corporate fraud is also on the rise. With our corporate fraud training This course will help you identify and even prevent any incidents of fraud happening internally in your organisation. The qualification is designed to give you actionable, practical knowledge so that you can implement key fraud management strategies in your firm. You will get to grips with global anti-fraud frameworks, the mind and motivations of a fraudster as well as gain an understanding of what the future holds in this space. This course on fraud investigation is awarded in association with Alliance Manchester Business School, the University of Manchester. If you're interested in a career as a Fraud Analyst or a Fraud Prevention and Investigation Officer and want to know more about the skills and qualifications needed, visit our Financial Crime Career page.

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Course Objectives

  • By studying this qualification, you will study the following topics:
  • International context
  • Global anti-fraud frameworks
  • Understanding risks
  • The 'Fraudster'
  • Formulating an effective counter-fraud strategy
  • Managing the response to fraud
  • The future of fraud

Target Audience

Heads of compliance, AML and financial crime
Money laundering reporting officers
Money laundering prevention officers
Compliance, AML and financial crime managers and senior staff
Senior risk staff
Regulatory representatives
Legal practitioners
Internal and external audit staff
Company secretaries

Introduction to Fraud

  • Defining fraud
  • Scale of the problem
  • Cause and effect
  • Role in Serious Organised Crime


International Context

  • Transparency International (TI) and other NGOs
  • United States Department of Justice and the Securities and Exchange Commission
  • OLAF – European Commission Anti-Fraud Office
  • Research in fraud
  • ⸰ Kroll Global Fraud Report
  • ⸰ PWC Global Economic Crime Survey
  • ⸰ KPMG Global profiles of the fraudster
  • ⸰ Deloitte India Fraud Survey


Global Anti-Fraud Frameworks

  • United Kingdom
  • Fraud Advisory Panel
  • Role of Regulators
  • Anti-Fraud Legislation
  • Level and nature of enforcement
  • United States
  • ⸰ Securities and Exchange Commission
  • ⸰ Financial Fraud Enforcement Task Force
  • ⸰ Federal Trade Commission – Bureau of Consumer Protection
  • Singapore
  • Monetary Authority of Singapore
  • Singapore Government – Commercial Affairs Department
  • Accounting & Corporate Regulatory Authority


Understanding Risks

  • Understanding different fraud typologies
  • Establishing high risk indicators
  • The influence of management culture and control processes
  • The insider threat
  • Cyber-enabled fraud
  • Information security


The ‘Fraudster’

  • Motives for committing fraud
  • Creating behavioural profiles
  • Environmental opportunities
  • Hiding in plain sight


Formulating an Effective Counter-Fraud Strategy

  • Risk assessment and identifying vulnerabilities
  • Fraud-awareness programmes
  • Reducing opportunities
  • Counter-fraud controls
  • Automated systems
  • Physical security and access controls
  • Developing an anti-fraud culture


Managing the Response to Fraud

  • Fraud response plans
  • Incident management and reporting
  • Protection of whistle-blowers


The Future of Fraud

  • Emerging trends
  • The evolving use of technology
  • Increasing sophistication
  • International / cross-border issue

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Date Fee (GHS)

Step 2: Choose Registration Type