Fraud Prevention and Detection
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Fraud Prevention and Detection

Tackling a problem with dramatic impact on corporate

courseType Technical Skills, Financial Sector

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General course details

Introduction

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.

Objectives

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

Content

  • The relevance of financial crime as a threat

  • Fraud and risk types

  • The profile of a fraudster

  • Regulatory framework

  • Case studies on roles and responsibilities incl. a video based interactive case review

  • Fraud awareness is key for prevention

Target audience

  • 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

  • Domiciliary agents

  • 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:
  • Interactive
  • Full of useful practical points
  • Multiple-choice questionnaires and case studies.

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.jpg
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.jpg

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.

Useful information

Language: English
                   This training is also available in French & German
 
Number of participant: limited to 20 participants, to ensure a high interactivity
 
Duration: 2 hours


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