Fraud Prevention & Detection Masterclass

Fraud and Corruption is costing corporations and governments 5% of revenue or spend, according to the ACFE. This equates to US$4.0 trillion per year. This is a worldwide epidemic and can only be tackled by effective Fraud Risk Management and Prevention. The most effective way to manage and combat Fraud is to train Fraud fighters and employees in fraud prevention and identifying key indicators of fraud andin managing fraud risk.

The objectives of the Masterclass are to educate corporations and employees on Current Fraud and Corruption Trends and to provide an arsenal of the latest techniques to prevent, detect and manage fraud. This training provides the latest technology and videos to not only sensitise employees to what is happening but also “how the fraudster carries out his frauds”. We truly believe that fraud investigators and auditors can only begin to tackle fraud if they understand how the many different types of fraud are carried out.

Learning Objectives

  • Attendees will benefit from attending with the following take-aways
  • To be updated on Current Fraud and Corruption Trends
  • The latest prevention and detection techniques and technologies
  • A Fraud Risk Assessment for your organization
  • A comprehensive Fraud Policy for implementation at your organization
  • To be able to conduct successful and effective interviews.

Internal Fraud

  • Understanding internal fraud
  • Identifying potential internal fraud risks
  • Effective strategies for mitigating internal fraud

Identity Crime

  • Types of identity crimes
  • Techniques for detecting identity theft
  • Preventative measures to protect customer identity

Document Screening and Signature Examination

  • Methods for screening documents for authenticity
  • Techniques for examining signatures
  • Practical exercises on document and signature verification

Introduction to Fraud Analytics

  • Basics of fraud analytics
  • Tools and techniques for data analysis in fraud detection
  • Case studies on successful use of fraud analytics

Fraud Investigations

  • Steps in conducting a fraud investigation
  • Gathering and preserving evidence
  • Interview techniques for fraud investigations

Fraud Management & Ethics

  • Ethical considerations in fraud management
  • Developing a culture of integrity and transparency
  • Case studies on ethical dilemmas in fraud management

Procedures to Prevent Fraud

  • Best practices for fraud prevention
  • Implementing effective control measures
  • Monitoring and reviewing fraud prevention procedures

Fraud Prevention Policy

  • Key components of a comprehensive fraud prevention policy
  • Developing and implementing the policy
  • Regularly reviewing and updating the policy

Fraud Risk Assessment

  • Conducting a fraud risk assessment
  • Identifying and prioritising fraud risks
  • Developing strategies to mitigate identified risks

Fraud Hotlines

  • Importance of fraud hotlines
  • Best practices for setting up and managing hotlines
  • Promoting awareness and encouraging usage

Current Market Trends in Retail Loan Product Fraud

  • Overview of current trends and patterns
  • Emerging threats in retail loan product fraud
  • Adapting to new challenges in fraud detection and prevention

Identifying Set Up Companies and Syndicate Fraud

  • Recognising indicators of set-up companies
  • Techniques for identifying syndicate fraud
  • Case studies and practical examples
Regular Fee:
USD 980
Per Participant
(Exclusive of VAT)
Group Registration Benefit

Planning to attend with colleagues? Organizations registering 3 or more participants receive a 15% group discount, making it more economical to develop teams together while creating a shared learning experience.

The Program Fee Includes:
  • Full-day instructor-led training
  • Comprehensive course materials
  • Practical tools, templates and learning resources used during the program
  • Interactive exercises and facilitated discussions
  • Networking opportunities with professionals from other organizations
  • Lunch and refreshments
  • SIMFOTIX Certificate of Completion
Registering a Team?

For larger groups, we can also explore a customized in-house delivery exclusively for your organization. The program can be tailored to your business context, participant profile, and specific learning objectives.

Delivery Mode

Face to Face

Duration

2 Day(s)

Start Date

Monday, November 23, 2026

End Date

Tuesday, November 24, 2026

Price

$ 980.00

Time

9am - 4pm

Venue

Dusit Thani Hotel

Instructor

TBC

Language

English/Arabic

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