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Fraud Awareness and Detection

This course describes the most common types of fraud used to divert money from business organizations. The course helps employees gain an awareness of corporate fraud so that it may be detected and prevented or minimized, and understand their responsibility to comply with the law and report misconduct.

Geography Covered: Global | Duration: 30 minutes

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Summary

Each year organizations lose USD 4.5 trillion to fraud. Employee theft or misuse of an organization’s resources is the most common scheme, resulting in a median loss of USD 100,000 per case. Aside from unscrupulous employees, a major contributing factor to corporate fraud is simply a lack of awareness of it. Organizations with fraud awareness training are 20 percent more likely to receive tips through formal reporting mechanisms.

The topics covered in the course include:

  • Fraud overview
  • Billing schemes and their warning signs
  • Skimming
  • Payment tampering and its warning signs
  • Red flags of bribery and kickbacks
  • Expense-reimbursement schemes
  • Payroll fraud
  • Non-cash misappropriations
  • Cash larceny
  • Social engineering
  • Reporting fraudulent conduct

  • Global courses

    Fraud Prevention (Global)

    This course examines and explains the different types of fraud and the principles of fraud prevention and includes examples of global fraud legislation and scenarios drawn from real-life cases. An important aspect of the training is exploring how fraud is prevented and tackled within the workplace.

    Insurance Fraud (Global)

    Insurers throughout the world are subject to global and domestic anti-fraud laws. Fraud within the insurance sector creates significant financial and reputational issues for firms, their employees and their customers.

    Insurance firms have therefore implemented fraud prevention systems and controls; this course will help employees understand and follow those procedures.  The course includes real-life examples of the effects of fraud on the insurance sector, as well the internal and external red flags that employees must be able to readily identify.

  • Like with all our courses, the Fraud Prevention training courses are written by experts and powered by world-leading regulatory intelligence, which tracks more than 900 regulators and exchanges globally to ensure the course content is always up to date.

    All our training courses are driven by practical examples and interactive scenarios to ensure users truly understand and recognize the issues of most importance to your business and learn to instinctively act to support them.

    We employ instructional design techniques optimized for risk and compliance training, enabling your business to educate in a way that reduces risk and helps you build a culture of integrity and compliance.

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