Fraud doesn't just shift locales and markets; it strengthens
and increases.
As
India's economy grows and credit expands, new opportunities
arise for deceit and deception. Through identity theft,
forgery, misrepresentation, and manipulation, we're all
at risk of substantial loss.
Be
aware. Don't let fraud catch you and your organization
off guard. Prepare yourself for the battle against this
rising danger. Learn how fraud operates; understand ways
in which you can defend yourself. Work with us in designing
and building the protection your organization needs.
Understanding Financial Fraud covers major instances of corporate financial manipulation
and examples of frauds perpetrated on financial institutions
in retail as well as commercial businesses, with an emphasis
on the lessons to be learned from these.
The seminar’s coverage includes the steps necessary
in risk processes and in the design and development of product
and business plans to control, manage, reduce, and prevent fraud.
The seminar has been specially designed for line executives
and managers, especially those in banks and other financial
institutions, and for those directing, managing or involved
with retail, middle-market and corporate lending and risk.
For more information
about intended participants,
click here.
Where
& When
Friday, 14th December 2007
at
The Grand
Nelson Mandela Road, Vasant Kunj, New Delhi
The seminar is scheduled to commence at
9:00 a.m. and should conclude by 6 p.m. that day.
Fee Rs. 22,000 + service tax per participant.
The fee includes refreshments, lunch,
and materials for use by participants.
fax
us at (011) 4167 9182 (marked for the
attention of Shabeena Sayed), or
telephone
us at (011) 4167 8933 (ask for Shabeena
Sayed or Gunjan Chawla)
Provide
us the name and particulars of the participant, and complete
your registration by sending us a bank draft or a company cheque
in our favour, to be couriered to us at:
Please
also convey a return mailing address for confirmations, pre-course
preparatory instructions, and other communications.
Participation
can be confirmed only after full payment is received, and is
subject to realization of drafts/cheques.
Owing to the nature of the program, we regret that no refunds
of fees will be possible for “no-shows” or for late
cancellations. Alternate participants can, however, be considered
in place of the original nominees.
Course content / coverage, methodology, faculty, or venue may
be changed without notice because of force majeure
or other unavoidable reasons.
As President of Genesis Corporation,
Joseph S.
Forte is involved
in all aspects of the firm's activities, working on projects
around the world.
Mr.
Forte is Genesis’ leading consultant in Risk Management.
His areas of special expertise include management consulting
and executive training, M & A analysis, structuring
and negotiation, and project finance.
Mr. Forte has taught banking
and risk management in 33 countries, including corporate and
commercial risk analysis programs in India in 2005 and 2006.He
has been designing and delivering executive training in corporate
and banking fraud awareness and detection for the past ten years.
He teaches in four languages and for nine years was a professor
at the Instituto de
Empresa in Madrid,
one of Europe’s leading graduate business schools.
Mr.
Forte is a native of Boston, Massachusetts and a graduate of
Harvard and Johns Hopkins Universities. He also studied at the
University of Coimbra in Portugal. In addition to his extensive
work in international training, he has over sixteen years of
experience in commercial and corporate lending, trade finance,
and asset-based lending with two of the world’s largest
and most successful banks.
Understanding
Financial Fraud is a one-day, two-part, seminar focusing on customer
fraud that leads to losses for banks and financial institutions.
The program will identify the essentials of fraud awareness
and the building of anti-fraud preparedness in banks and financial
institutions.
Who should attend? The
program is designed for executives and managers in banking
and financial institutions and those who require an understanding
of how fraud impacts profits, institutional reputation,
and corporate morale. What will they gain? Upon
completion of this one day program, participants will
have a broad overview of most types of fraud suffered
by financial institutions, and how diligence and controls
can be improved to minimize losses from fraud.
How is the seminar organized? After a brief overview of
fraud and its many manifestations, the seminar will look at
fraud in corporate lending (morning) and in retail transactions
(afternoon).
The content for each session has been chosen from among materials
presented in different countries around the world. At the instructor’s
discretion, alternative case studies to the ones mentioned in
this outline may be used to better address participant interests
and to match audience background.
Morning Sessions
Afternoon Sessions
An overview of Fraud as
suffered by Financial Institutions
Discerning the sources of Fraud: External, Internal, Collusion,
and Negligence.
Understanding the motives for fraud by customers, external
sales channels and employees
The session is an interactive presentation, with short
examples/cases interspersed
Corporate Financial Fraud:
A video looking at several aspects of fraud committed
by and within WorldCom and lessons we can learn from these,
extending into classroom discussion.
Coffee
break
Risk Analysis and Corporate
Financial Fraud: An example-driven,
interactive presentation that explores the various aspects
of fraud as committed by substantial corporations that
are externally audited, and suggests the steps Financial
Institutions must take in their process of risk analysis
in order to avoid fraud.
Examples from both large, infamous frauds and smaller
regional frauds are cited. Case Study: TrueSave Based
on one of the USA’s largest financial frauds.
To be read by participants and then discussed, with the
case discussions being led and moderated by the instructor.
Fraud & Retail Banking:
Dissecting Customer & Sales Channel Fraud:
Fraud for Theft v. Fraud for Credit.
This presentation together with case examples drawn from
around the world covers why and how frauds are perpetrated,
and how financial institutions should prepare themselves
to prevent or avoid fraud.
Coffee
break
Fraud Awareness and Prevention:
Operational
Failures
This
session explores internal operational failures and negligence
that contribute to fraud losses; and the treatment of
fraud under Basel II.
Several
short cases as well as presentation materials to explore
the subject in depth are included, with coverage including:
employee fraud and collusion in origination and collections
building monitoring systems into product and business launches
Who Should Attend
In addition to those in banks and other financial institutions
involved with lending and risk, Understanding
Financial Fraud
will benefit managers, advisors, and specialists with enterprises
involved with risk, relationship, and wealth management. These
would include:
Corporate
and Business Finance Managers
Risk
and Loss Prevention Specialists
Brokers,
Agents, and Financial Services Advisors
Legal
Advisors
Auditors
Process
Managers
Systems
Designers and Developers
Human
Resource managers and Learning Development specialists
"A diversified services company based in New Delhi, ATS Services focuses on providing process consulting, outsourcing, risk training,
and human resources services to banking and insurance companies
throughout Asia-Pacific & the Middle East."
For
more information about ATS Training, click here.
For more information about our training capabilities, methodologies,
and course offerings, click here.
