Fraud Investigation Masterclass

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Dubai, UAE

4th & 5th July 2023

The fraudster’s greatest liability
is the certainty that the fraud is
too clever to be detected.
Louis J. Freeh

Protecting the Financial Integrity of Your Organisation by

Developing a Culture of Fraud Investigation, Reporting and Compliance

Endorsers:

Course Outcomes:
• Rethinking how to approach and plan fraud investigation strategy to achieve better
results
• Applying creative and innovative thinking to obtain evidence and information during the
fraud-related interview
• Utilising cognitive and critical thinking to process and analyse evidence in the fraud case
• Using logical thinking to draw conclusions and resolve the fraud case
• Understanding the principles of fraud analytics by using data analytics to detect fraud
• Developing an effective anti-fraud strategy

marcus evans training courses are thoroughly researched and

structured to provide intense and intimate practical training to your
organisation. Our format:
Upon successful completion of this course, participants will receive • An in-depth tailored programme to address market concerns
16 CPE points • Pre-course questionnaires to allow you to tailor the program to address your
This is an Accredited CPE Certificate Training and Endorsed by individual concerns
Association of Certified Fraud Examiners – UAE Affiliate • Comprehensive course documentation
(Alnazaha Association) and Saudi Anti Fraud Association

Pre-course Questionnaire:
To ensure that you gain maximum benefit from this event, a detailed questionnaire will be
sent to you to establish exactly what your training needs are. The completed forms will be
analysed by the course trainer. As a result, we ensure the course is delivered at an appropriate
Your Expert Course Trainer: level and that relevant issues will be addressed. The comprehensive course material will
enable you to digest the subject matter in your own time.
Iyad Mourtada, CFE, CFCS, CAMS, CIA
Managing Director
OpenThinking Academy, UAE Testimonials from Past Similar marcus evans Events:
Iyad is an ACFE Authorised Trainer in the GCC teaching the CFE Exam Review Excellent exercises to implement the concepts.
Course and since then more than 3000 ACFE members have passed the Capital Market Authority (CMA), KSA
CFE Exam with him.
Iyad has started his career in Chicago by working as an auditor with the Practical information & tools, live examples and discussions
National Future Association, a self-regulatory organisation for the U.S. Sorbonne University Abu Dhabi
derivatives industry. He conducted audits and investigations for many Very informative and interesting. The presenter is knowledgeable and knows how to capture
global financial firms in the US before and after the financial crisis of 2008. the attention of the audience.
After that in 2011, he moved to the Middle East and started OpenThinking National Bank of Bahrain
Academy, a training company specialising in anti-fraud and audit courses.
Engaging and provides good way to collaborate with other professionals in various
industries.
Yahsat, UAE

professional training
Day One
Tuesday 4th July 2023
UNDERSTANDING THE TECHNIQUES AND EVALUATING THE RISKS
Session One
Modern Fraud Examination Techniques
The current business climate is highly precarious with respect to corporate
fraud. Modern fraud examination techniques play a critical role in detecting and
preventing fraud and help organisations to protect their assets, reputation, and
bottom line.
This session aims to provide attendees with knowledge and skills related to
modern fraud examination techniques and covers various aspects of fraud,
including the latest trends and schemes, fraud response planning, fraud
investigation strategy development, and legal elements related to fraud. By
the end of the session, attendees will have a comprehensive understanding of
the subject matter, enabling them to detect, investigate, and prevent fraud in a
modern technological environment.
• Understanding the recent fraud trends and schemes
• Establishing fraud response plan
• Developing a fraud investigation strategy
• Obtaining relevant evidence and data
• Effective fraud report writing techniques
• Legal elements related to fraud
Case Study: Bank Bumiputra Scandal
The detailed case study will offer participants an opportunity to apply their
newly acquired knowledge in a practical, real-world scenario
Session Two
Fraud-Related Interviewing Techniques
Conducting interviews with suspects can provide valuable insights during an
investigation. As such, it is important for fraud examiners to continually assess
and enhance their strategies and techniques for conducting such interviews.
The interviewing techniques are designed to help investigators uncover
the truth and obtain valuable information that can be used in prosecuting
fraud cases. Effective documentation is also a crucial aspect of fraud-related
interviewing techniques. Interviewers must document all information obtained
during the interview process accurately, including any confessions and signed
statements, to ensure that the information can be used as evidence in court.
• Planning and developing the interview strategy
• Fundamentals of eliciting information
• Understanding the fraudster’s mindset
• Identifying witnesses & planning for interviews
• Setting up the interview room
• Conducting information evidence-seeking interview
• Conducting confirmation-seeking interview
• Conducting admission-seeking interview
• Documenting confessions and signed statements
Case Study: Low Cost / High Value
In this specific case study, the organisation’s purchasing policy allowed managers
to approve low cost purchases, which resulted in fraudulent overcharges for
personal purchases. While the individual fraudulent transactions may have been
of low value, the cumulative impact on the organisation’s finances would have
been significant.
Session Three
Fraud Risk Assessment
An accurate and comprehensive fraud risk assessment is a critical component in
building an effective fraud risk management program that can withstand the risks
of fraud faced by an organisation. Maximum value is derived from conducting
fraud risk assessments systematically and regularly, rather than treating it as
a one-time activity. During this session, participants will acquire the skills and
knowledge necessary to identify fraud risks, plan and conduct fraud audits, and
develop a fraud risk management program to manage potential risks effectively.
• Identifying fraud risks
• Planning for fraud audit
• Conducting fraud risk assessment
• Developing a fraud risk management program
• Identifying red flags related cyber fraud
Case Study: Her Passion for Fashion
The design department of a fashion company experienced policy abuse
and unauthorised purchases of unrelated fashion items for personal use by
employees due to gaps in purchasing authority resulting from non-compliance
with controls.
Day Two
Wednesday 5th July 2023
FRAUD DETECTION ANALYTICS, INVESTIGATION AND ANTI-FRAUD STRATEGY
Session One
Principles of Fraud Analytics
Principles of Fraud Analytics refer to the various techniques and methods used
to identify, detect, and prevent fraudulent activities. Fraud Analytics involves
the use of statistical modeling, data analysis, and forensic data analytics (FDA)
to uncover patterns and anomalies in large volumes of data that may indicate
fraudulent activity.
• Utilising Forensic Data Analytics (FDA)
• The data analysis process and new trends in fraud analytics
• Building a profile of potential frauds
• Using descriptive, predictive, and social network techniques
• Assessing fraud risk using analytics
• Data visualisation and clustering
• Conducting fraud risk assessment
• Future perspective of fraud management
Case Study: Nick Leeson
One unauthorised trade that cost one of the largest banks in UK to not only lose
$1.4 billion but also bankrupt.
Session Two
Fraud Detection Using Data Analytics
The use of data and analytics can empower companies to conduct more advanced
analytics of suspicious and fraudulent transactions. This requires the integration of
various processes to enable cross-functional testing, leading to more thorough and
effective analysis. This approach can help organisations detect and prevent fraud
before it causes significant damage to their business. By the end of the session,
participants will have a comprehensive understanding of how to use data analytics
to identify anomalies and patterns that may indicate fraud, and how to apply these
techniques to detect and mitigate potential risks in their organisation.
• Detecting occupational fraud schemes using data analysis
• Detecting financial statement fraud using data analytics
• Detecting corruption using data analytics
• Detecting billing and payroll fraud using data analytics
• Detecting payroll fraud using data analytics
• Detecting check tampering fraud using data analytics
• Detecting asset misappropriation fraud using data analytics
Session Three
Developing Anti-Fraud Strategy
An effective anti-fraud strategy should be tailored to the specific risks and needs
of the organisation, and should be informed by data analysis and risk assessment.
The strategy should be designed to promote a culture of integrity, control and
accountability, and should include clear guidelines for reporting suspected fraud.
The session aims to provide participants with knowledge on establishing efficient
internal fraud controls and creating response plans to combat fraud. Attendees
will learn about the implementation of internal controls to prevent and detect
fraud and gain insights into fraudster behaviours, including an understanding of
the Fraud Triangle and Diamond Theories.
• Establishing effective internal fraud controls
• Developing fraud response plans
• Implementing internal control to prevent and detect fraud
• Understanding fraudster behaviors
• Fraud triangle and diamond theories
• The role of internal audit in the prevention and detection of fraud
Case Study: Inside the $80M scam
The absence of controls in financial accounting can create an opportunity for
financial managers to engage in fraudulent activities such as inflating revenue
and assets. Such activities have been known to result in some of the largest
financial scams in history.
More About the Event
Booking Line:
Muhammad Raza
Tel.: +92 51 844 1719
Email: MuhammadR@marcusevansch.com

Why You Cannot Miss This Training: Trainer Profile:

The success or failure of any fraud examination or fraud-related interview Iyad Mourtada, CFE, CFCS, CAMS, CIA
depends mostly on the ability of the fraud examiner to plan, analyse and Managing Director
investigate using the right mindset. Creative, innovative, logical, cognitive, OpenThinking Academy, UAE
and critical thinking is as essential for the success of fraud cases as much as the Iyad is an ACFE Authorised Trainer in the GCC teaching the
technical knowledge related to handling fraud examination processes. CFE Exam Review Course and since then more than 3000
With the rise of technology and the globalisation of business operations, ACFE members have passed the CFE Exam with him.
fraudsters have developed new and sophisticated methods to evade Iyad has started his career in Chicago by working as an
detection. As such, it is imperative that professionals in charge of fraud auditor with the National Future Association, a self-regulatory
prevention, detection and investigation keep abreast of the latest organisation for the U.S. tderivatives industry. He conducted audits and
developments and trends in the field. investigations for many global financial firms in the US before and after the
This intensive 2-day masterclass seeks to help fraud examiners develop a financial crisis of 2008. After that in 2011, he moved to the Middle East and
mindset that will enable them to effectively resolve fraud cases in the 21st started OpenThinking Academy, a training company specialising in anti-fraud
century. The training program is designed to provide participants with a and audit courses.
comprehensive understanding of the most current and effective fraud Iyad has provided training to the Internal Audit and Fraud Investigation
prevention, detection and investigation techniques. The program will cover a departments of various companies, including but not limited to:
wide range of topics, including: • Financial Audit Deprtment
• Techniques for identifying and mitigating fraud risks through internal • Dubai Customs
controls and fraud risk assessments • ADNEC
• Strategies for effectively responding to and communicating fraud incidents • Daman
• Advanced data analytics and forensic accounting techniques for detecting • Etihad Airways
and investigating financial fraud • Islamic Development Bank
• Current legal and regulatory requirements for fraud prevention and investigation • Dubai Police
• Effective internal fraud controls strategies and develop successful • Sharjah International Airport
response plans • ENOC
The program will be delivered by an experienced professional who is an ACFE • Extra
Authorised Trainer with a deep understanding of the field of fraud prevention, • Dubai Electricity & Water Authority (DEWA)
detection and investigation. Participants will have the opportunity to engage • Bank of Georgia
in interactive discussions and hands-on exercises to apply the concepts and • British Embassy Dubai
techniques learned in the training. • National Electronic Security Authority
• Asian Development Bank
• Bank Muscat
Who Should Attend: • Borouge
• Sadara
Chiefs, Vice Presidents, General Managers, Directors, Head,
• Muntajat
Managers, Specialists, Auditors, Controllers and Accountants from:
• Burgan Bank
• Fraud Examiners
• Schneider Electric
• Fraud investigation
• Dragon Oil
• Fraud Analyst
• Ooredoo
• Risk
• Dragon Oil
• Forensic
• DP World
• Internal Audit
• Abu Dhabi Tourism & Culture Authority
• Internal Control
• Oman Tourism Company
• Finance
• Roads & Transport Authority
• Accounting
• Risk Management
• Risk Analysis
• Legal
Programme Schedule:
• Compliance 0830 Registration and morning coffee
• Corporate Governance 0900 Workshop commences
• Business Continuity / Disaster 1030 Morning refreshment and networking break
• Recovery 1045 Workshop re-commences
• Business / Corporate / Strategic 1215 Networking luncheon
• Planning 1330 Workshop commences
• Financial Planning 1500 Afternoon refreshment
• Information Security 1515 Workshop re-commences
• Cyber Crime 1645 Workshop concludes

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Fraud Investigation Masterclass

REGISTRATION FORM Booking Line:

Muhammad Raza
Please complete in BLOCK CAPITALS and return this form digitally using the desktop
Acrobat Reader software, or by submitting a printed version via scan or fax. Some fields are Tel.: 92 51 844 1719
not compatible with iOS or Android devices. Email: MuhammadR@marcusevansch.com

EVENT CODE: ME-FNT5953 LOGIN ID: CODE: B

PLEASE COMPLETE THIS FORM AND SEND BACK TO: CONFERENCE: FRAUD INVESTIGATION MASTERCLASS
MUHAMMAD RAZA DATES, VENUE: 4
 TH & 5TH JULY 2023, DUBAI, UAE
FAX NO: +9221 3278 2477
MUHAMMADR@MARCUSEVANSCH.COM
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