Russell & Associates


Oaklands, 39 Woodside Park Road,  London,  N12 8RT
Tel:  07966 442878
     E-mail:  mhcrussell@btconnect.com
www.russellandassociates.co.uk


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£375 + VAT  -  A one day course held in London
Course code: FA
 

Fraud and its Avoidance

Course Objectives

By the end of the course the delegates will have:

  • Come to understand the impacts of fraud on the financial services sector and on society at large
  • Become aware of the role of every individual in the prevention of fraud
  • Developed a series of processes aimed at facilitating identification of the fraudster
  • Understood the importance of carrying out thorough due diligence, and recognised a number of additional steps firms and individuals can take to minimise the risk of loss
  • Considered the factors involved in an asset tracing and recovery project
  • Examined a number of recent instances of fraud impacting on financial and other businesses which have resulted in costs to insurers

Course Format

After a brief introductory session, the main part of the day revolves around a series of case studies – examples of various recent frauds affecting different industries and at different levels. Groups of participants are required to identify the weaknesses that allowed the fraudulent activities to occur. Discussion concerning the steps that may be taken, and the possible impacts of such steps follows, and the day progresses to each participant developing a ‘fraud avoidance checklist’ for future use.

Course Content

  • Introduction
  • Personal experiences/knowledge of fraud
  • Fraud – the statutory position and what this implies to the individual and to the employer
  • Case histories – five or six examples for group study, analysis, presentation, feedback and criticism
  • Insurance – the last line of defence
  • Development of the ‘fraud avoidance checklist’ and a review of its applicability to current responsibilities
  • Reminder of the duties of the employee to themselves in connection with suspicion of this crime

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