Financial crime remains one of the greatest threats for businesses worldwide as it drains earnings. It exposes both companies and their senior management to criminal and civil liability. And worst of all, it can significantly damage companies’ most valuable assets – their reputation and their brand value as demonstrated by recent scandals. Efficient prevention and timely detection are therefore critical to safely manage fraud risk.
Our Global Economic Crime Survey revealed that 34% of the 3877 respondents worldwide experienced economic crime. This represents a 13% increase since 2009. 44% of financial institutions and 48% of insurance companies had reported being victims of fraud whilst close to 40% of various non-FS sector companies are impacted by fraud as well.
As part of this course, PwC's Academy offers to highlight your requirements regarding this topic and to address in a comprehensive and practical way the questions you and your team are confronted with in the light of your professional duties and the progressive evolution of Fraud crimes.
At the end of the training, participants will be able to:
Understand the various threats to companies and individuals
Explain the main risks involved
Basic understanding of the regulatory framework
Basic understanding of red flags
Framework of internal controls
The relevance of financial crime as a threat
Fraud and risk types
The profile of a fraudster
Case studies on roles and responsibilities incl. a video based interactive case review
Fraud awareness is key for prevention
Members of the board and the executive board of a bank, a professional of the financial sector, an insurance company or a management company of a Luxembourg UCI
Internal auditors, Compliance Officers or Risk Managers
Distributors or transfer agents of a Luxembourg UCI
Persons in charge, or front office team members of a professional of the financial sector
New joiners of financial institutions and non.
Person interested for developing specific knowledge.
The "+" of this training
This training is:
Our Lead Experts
This training is coordinated by Roxane Haas and Michael Weis, Partners at PwC Luxembourg and will be given by Directors and Managers who benefit from a strong professional experience in this area.
Roxane Haas is a “Réviseur d’entreprise agréé” and accountant in Luxembourg. Roxane is an Audit Partner at PwC Luxembourg. She has over 14 years of professional experience at PwC and in particular in the context of audits of banks, PSF and investment funds. She is also in charge of the Task Force AML PwC Luxembourg and is active in local working groups (Luxembourg Association of Compliance Officers, Institute of Company Auditors and Institute of Chartered Accountants). Her skills have brought her to supervise many AML / KYC missions for major banking players of Luxembourg.
Over the past 10 years, Roxane has conducted numerous AML trainings for both national and international as well as for professional organizations.
Michael Weis is a Partner in the Forensic Services. Through his previous positions and projects, Michael gained extensive knowledge in the investment management and banking industries.
As a key member of the internal controls practice of PwC Michael specialises in the review of internal controls in the context of SAS 70 reviews and controls reports. He is the manager of various high-profile client assignments on internal controls reports and on Anti-Money-Laundering (AML) in the investment management industry.
Within PwC, Michael takes a key role in the AML-taskforce and on internal controls work for the prevention of financial crime. He is co-ordinating the leading training programme “Fight against Financial Crime” (PwC’s Academy) that regularly involves international subject matter experts (e.g. Transparency International, UN Security Council, FATF, SCPC, FSA, CSSF etc.).
Through his professional qualifications he specialised in Compliance related topics such as internal controls frameworks, fraud prevention/investigation and AML.
This training is also available in French & German
Number of participant: limited to 20 participants, to ensure a high interactivity
Duration: 2 hours