Fraud and AML Schemes: Detecting and Protecting Against New Threats Using Forensic Methods
Carrying out a fraud scheme often requires help from others both inside and outside an institution. When two or more people collude to perpetrate a fraud, including money laundering schemes, they inevitably leave clues that need to be pieced together like a puzzle to figure out who stole what. Unfortunately, the clues don’t come in a box with a picture on the cover to show how the puzzle pieces fit together. So, internal auditors, security officers and risk managers need to launch a search for clues and creatively try to put the pieces together to solve the puzzle. This process is called forensic accounting and auditing.
The term “forensic” refers to tests or techniques used to detect a crime. One of the most useful forensic techniques can be as simple as interviewing people. Each interview may or may not reveal clues, but overall, the interviews will reveal some clues that can be used to further the investigation.
However, the interview process can become an obstacle to solving the crime if the interviewers are not trained properly in forensic interview techniques. For example, poorly constructed interviews could lead to tipping off the fraudsters, upsetting innocent people or having the case thrown out of court. That’s why it’s essential to train anyone who might be asked to participate in the forensic investigation process.
Please join our expert, Gary Deutsch, CPA MBA CIA CBA, as he discusses using forensic methods to detect and protect against new fraud and money laundering schemes during this timely webinar.
This webinar will include:
- Developing a forensic investigative plan
- Conducting effective interviews
- Establishing a purpose for the interviews
- Identifying the best interview approach
- Setting the interview tone
- Developing baseline interview questions
- Identifying verbal and nonverbal clues
- Identifying new jargon that could indicate fraud
- Forensic interview process example
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