Recent surveys show that fraud is on the increase. Estimates vary but the FSA’s paper “Firms’ High Level Management of Fraud Risk” quotes a figure of £16bn in 2004. The FSA handbook emphasises the responsibilities of Directors and Senior Managers to ensure that appropriate systems and controls are in place to manage the risk that the firm could be used to further financial crime. But still it happens.

This course explains the nature of fraud and deals with the issues of implementing appropriate policies, systems and controls to try to prevent fraud occurring. It highlights ways of managing the fraud risks; discusses arrangements that can be put in place to invoke when fraud is discovered, and addresses the problem of what to do when a fraud occurs.

Case studies are used during the session to provide practical hands on experience in developing anti-fraud measures and investigating frauds.