Financial institutions are constantly facing new challenges from theft and fraud, largely due to a general lack of knowledge in these fields. Beyond financial loss, embezzlement and fraud also harm the reputation and image of the organization, and may even leave them susceptible to government and civil lawsuits. Any money laundering and terrorist funding connected with the company’s infrastructure may also place the organization on government black lists.
This 1-week course provides a basic introduction to business risks resulting from fraud, embezzlement, money laundering and terrorist funding. It will provide the basic tools that can be used to understand the risks an organization is exposed to and how to deal with those risks using publicity and information. Trainees will also learn about the technological tools to alleviate these risks and how to quantify and investigate the risks.