Effective Fraud Detection And Fraud Investigation Bootcamp

Learn the Strategies and Evolving Methods of Fraud Detection and Investigation

What you'll learn

Acquire relevant knowledge about fraud, types of frauds, different fraudsters, fraud deterrence, detection, cost of frauds, and the fraud investigations process

Learn the definition, concepts, and principles related to fraud including.

Find out what fraud is and understand examples of fraudulent activities such as theft of plant, inventory, or cash, false invoicing, and payroll fraud.

Get familiar with various key concepts related to fraudsters.

Understand core concepts related to fraud identification, deterrence, and fraud detection.

Learn about various key concepts related to the fraud investigation process and different techniques used to investigate the fraud.

Understand the entire fraud investigation process from planning to reporting.

Requirements

To participate in this Certificate Program, you will need an electronic device with online video-viewing capabilities (e.g., smartphone, tablet, laptop, desktop computer, etc.).

Although this is helpful, you will need no previous knowledge in compliance or anti-financial crime.

A background in business, legal, or finance might also be beneficial but is not required.

Description

Covering the comprehensive landscape of fraud, from its definitions and typologies to advanced investigation techniques, this program equips participants with the skills to analyze, prevent, detect, and resolve fraud within organizations and against individuals. Through four detailed modules, learners will delve into the evolving methods of fraud, understand the psychology behind fraudulent behavior, and master the strategies to combat fraud effectively.COURSE STRUCTUREModule 1: Understanding Fraud and Fraud TypologiesThis module introduces the concept of fraud, exploring its scale and the various types that organizations and individuals may encounter. Participants will gain foundational knowledge of fraud's impact on businesses and society, setting the stage for deeper exploration in subsequent modules.Module 2: Understanding Fraudsters and Fraudulent BehaviorDive into the minds of fraudsters to understand their motivations and behaviors. This module covers the Fraud Triangle, a key model for understanding the factors that lead to fraudulent behavior, and updates it with the latest insights. Learn about the classification and profiles of fraudsters from both a psychological and business perspective.Module 3: Fraud Identification and DetectionLearn the critical skills of identifying and detecting fraud in this module. Explore the deterrence factor, various fraud detection methods, and indicators of fraudulent activities. The roles of internal and external audits in fraud detection are also discussed, providing a comprehensive overview of how organizations can proactively combat fraud.Module 4: Fraud Investigation Process and TechniquesThis final module focuses on the fraud investigation process, from handling initial allegations to concluding and reporting the findings. Participants will learn how to design and plan an investigation, gather and review evidence, and utilize investigative tools effectively. This module aims to equip learners with the skills to conduct thorough and effective fraud investigations.By the end of this course, participants will have developed a deep understanding of fraud and its management, ready to apply advanced strategies and techniques in their professional roles to safeguard against fraudulent activities.COURSE FEATURESInteractive Modules: Engage with dynamic content, including multiple-choice exercises that mirror real-world scenarios.Expert Instruction: Benefit from the insights and experiences of seasoned professionals in fraud detection and investigation foundations.Flexible Learning Environment: Access our course from anywhere, at any time, through our state-of-the-art online platform, designed for busy professionals.Professional Certification: Earn a distinguished certification issued by the Financial Crime Academy that showcases your expertise in fraud detection and investigation foundations with an understanding of its importance within the compliance, risk management, and anti-financial crime landscape.WHO THIS COURSE IS FORThis program is ideally suited for professionals in risk management, compliance, audit, and security roles, as well as business leaders seeking to deepen their understanding of fraud dynamics and enhance their strategies for fraud prevention, detection, and resolution within their organizations. Whether you are looking to update your skills to tackle current fraud challenges or to bolster your organization's defenses against fraudulent activities, this course provides the advanced knowledge and practical tools necessary to navigate the complex landscape of fraud management effectively.ENROLL TODAYEnroll in our fraud detection and investigation foundations course today to take a significant step towards becoming an expert in navigating and mitigating fraud and risks, thereby contributing to the overall success of your organization.Important! This course, similar to the Financial Crime Academy's Certificate in Fraud Detection and Investigation Foundations, is available on Udemy to support FCA's mission of making professional education more widely accessible. Completion via Udemy grants a certificate of completion only without access to FCA's platform, support, or a verifiable certificate ID. Courses on Udemy do not count towards FCA's CAMP, CAIP, or CFCP programs.

Overview

Section 1: Introduction to this Program

Lecture 1 Thank You & Welcome

Lecture 2 Introduction

Section 2: Understanding Fraud and Fraud Typologies

Lecture 3 Introduction to this Module

Lecture 4 What is Fraud?

Lecture 5 What is the Scale of the Problem?

Lecture 6 Types of Frauds

Lecture 7 Module Summary

Section 3: Understanding Fraudsters and Fraudulent Behavior

Lecture 8 Introduction to this Module

Lecture 9 Why Does Understand Fraudsters Matter?

Lecture 10 The Fraud Triangle – The Key Behavioral Mode

Lecture 11 Motives of Fraudsters – Bringing the Fraud Triangle Up to Date

Lecture 12 Classification of Fraudsters

Lecture 13 Profile of a Fraudster

Lecture 14 Motives of Fraudsters – The Business Perspective

Lecture 15 Module Summary

Section 4: Fraud Identification and Detection

Lecture 16 Introduction to this Module

Lecture 17 The Deterrence Factor

Lecture 18 Fraud Detection

Lecture 19 Methods of Fraud Detection

Lecture 20 Fraud Indicators

Lecture 21 The Role of Internal Audit and External Audit

Lecture 22 Module Summary

Section 5: Fraud Investigation Process and Techniques

Lecture 23 Introduction to this Module

Lecture 24 The Fraud Investigation Process

Lecture 25 Handling Initial Allegations or Indicia for Fraud

Lecture 26 Designing and Planning of the Fraud Investigation

Lecture 27 Gathering of Evidence

Lecture 28 Evidence Review

Lecture 29 Fraud Investigation and Investigative Tools

Lecture 30 Conclusion and Reporting

Lecture 31 Module Summary

Section 6: Completing this Program

Lecture 32 Course Summary

Professionals that want to acquire and demonstrate specialized knowledge in fraud detection and investigation.,Professionals that want to increase their value through a better understanding of how to detect frauds and the requirements to investigate fraudulent activities.,Professionals that want to build comprehensive knowledge about various aspects of the fraud sphere.,Career starters and students wanting to get an edge in fraud detection and investigation