This interactive workshop is designed for professionals in financial and non-financial institutions who want to proactively strengthen their organization’s defenses against fraud. With fraud schemes becoming more sophisticated and tech-enabled, there is a pressing need to cultivate organizational vigilance and embed a culture of prevention and early detection. Through real-life case studies, practical exercises, and regulatory insights, participants will gain critical awareness and actionable strategies to manage fraud risks—while building an ethical, transparent business environment.
Overview
Fraud remains a growing threat across industries. This three-day interactive course equips participants to recognize red flags, apply effective controls, and foster an ethical, risk-aware culture. Real-world case studies and regulatory insights (e.g., MAS 626, AML/CFT) help participants become proactive fraud risk defenders.
Participants will learn to:
- Identify common fraud schemes and warning signs
- Strengthen internal controls to detect and prevent fraud
- Promote ethical reporting and a strong speak-up culture
Who should attend
This course is ideal for:
- CEOs, senior executives, compliance and risk officers, and audit professionals
- Managers from banks, NBFCs, insurance, fintech, and asset management firms
- Professionals from HR, operations, sales, investor relations, procurement, and legal departments
- Anyone committed to enhancing their organization’s fraud prevention capability.
Methodology
Our workshop leverages a non-theoretical, interactive approach including:
- Case studies and real-world fraud scenarios
- Group discussions and role-play exercises
- Interactive games and practical assignments
- Application-based exercises for internal control testing and fraud risk assessment.
Trainer
The course is led by a seasoned industry expert with over 35 years of experience in financial markets, internal audit, and fraud investigation. He has served as a consultant to numerous multinational institutions and held leadership roles with international risk and compliance associations. His facilitation style is practical, engaging, and designed to ensure deep retention of knowledge.
Module – 1
Understanding Fraud in Financial Institutions
- Definition of fraud and its scope in financial services
- Internal vs. external fraud with real examples
- Fraud trends in Asia and globally
- Impact on business, reputation, and clients
Module – 2
Common Fraud Techniques and Red Flags
- Typical fraud schemes: phishing, identity theft, accounting fraud, insider threats
- Behavioral and transactional red flags
- Use of technology in fraud (e.g., spoofing, malware)
- Early detection techniques using trend analysis and anomalies
Module – 3
Internal Controls That Prevent and Detect Fraud
- Maker-checker controls and segregation of duties
- Monitoring reports, audit trails, system access controls
- Reconciliation practices and exception handling
- First line of defense responsibilities
Module – 4
Fraud Risk Assessment and Speak-Up Culture
- Basics of fraud risk assessment
- Integration into enterprise risk frameworks
- Anonymous whistleblowing and escalation protocols
- Creating a non-retaliatory, speak-up culture
Module – 5
Regulatory and Ethical Expectations
- Key fraud-related regulations (e.g., MAS 626, AML/CFT standards)
- Internal compliance programs
- Consequences of non-compliance
- Ethical dilemmas in detection/reporting
Module – 6
Case Study Workshop – Learning from Real Incidents
- Walkthrough of major fraud cases in Asia
- Identification of control failures and missed indicators
- Group discussion: how to prevent similar cases
- Lessons learned and practical takeaways
