Educational Aims of the Module

1. To increase awareness and knowledge on fraud investigation both locally and internationally, financial criminal investigation, criminal proceeds identification and disseminated.

2. To explore the development of international cooperation and recommendation adopted to curb organised crime and terrorist financing and its relationship with international money laundering. 

3. To critically review both national and international organised crime and anti-terrorist financing, the sanctions, and preventative measures in line with international standards and cooperation.

Module Outline/Syllabus

1. Introduction to current financial criminal and terrorism financing laws. 

2. Investigation process of complex frauds of organised crime and terrorist financing through inter-agency cooperation. 

3. Use of case-theory in complex fraud cases. 

4. Scientific Method of experimentation with practical scenarios. 

5. Use of forensic accounting within investigative process in gathering complex crime evidence. 

6. Practical scenarios of vital intelligence evidence gathering and making statements.

Module Breakdown by Subject

DAY ONE - Fraud – Range, Patterns and Causes/ Risk Management – An Overview

1. What is fraud?

2. How large is the problem?

3. Which businesses are affected?

4. Why do people commit fraud?

5. Who commits fraud?

6. What is risk management?

7. The meaning of Corporate Governance

8. The risk management life cycle

9. The establishing of a risk management team and goal setting

10. Identifying risk areas in business

DAY TWO – Risk Management/ Business Governance Issues - Fraud Prevention

1. Understand and assessment of the scale of risk

2. Developing a risk response strategy

3. Implementing the strategy and allocation of responsibilities

4. Implementing and the monitoring of controls

5. Reviewing and refining practices

6. Decision making information

7. A strategy to combat fraud

8. Developing a sound ethical culture

9. Sound internal control systems

10. National and International preventative measures in line with international standards and cooperation.

  DAY THREE - Financial Crime Investigation and its Management – Fraud Detection/Fraud – Response – Use of forensic accounting within the investigative process 
 

Session 5 

11. Detection methods & Investigation

12. Indicators and warnings

13. Tools and techniques

14. Investigation process of complex frauds of organized crime and terrorist financing through inter-agency cooperation.

15. Fraud Response Plan – its purpose

16. Corporate policy

17. Definition of fraud (revisited for the purpose of open discussion)

18. Roles and Responsibilities

19. The response – Who to involve, and why.

20. Organization’s objectives and its dealing with fraud events

21. Follow up approach and actions

  DAY FOUR - Bribery Act 2010 & Fraud Act 2006 – Use and Impact
 

Session 7 

22. Introduction to Bribery Act 2010

23. Introduction to Fraud Act 2006 – (1) fraud by false representation, (2) fraud by failing to disclose information, and (3) fraud by abuse of position.

24. Organisations – Risk Based Approach

25. Hospitality – Understanding its limitations

26. Offences dealt with in the UK

27. Case studies

28. Section 7 – Liability of Commercial Organisations

29. Associated persons who provide a service

30. Prosecutable Discretion

31. Six Principles

32. Top level commitment to standard operating procedures

Session 8

DAY 5 - Money Laundering & Terrorist Financing      

1. What is money laundering?

2. Terrorist Financing – FATF 40 + 9 recommendations

3. Why is it such an issue now?

4. What is being done to counter it?

5. What are the compliance issues?

6. What are the prevention issues?

7. What is the risk of getting it wrong?

8. The way forward

9. Film on Bribery and Corruption “No Bribery please we’re British”

Close down – Final Questions and Answers