Anti-Money Laundering (AML) 20 – 23 Jan 2008 • Crowne Plaza Hotel • Dubai 
Practical Strategies For The Prevention, Detection And
Examination Of Potential Money Laundering, Fraud
And Corruption In Your Organisation
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Due to unforseen circumstances this seminar has been cancelled. We apologise for any inconvienience. |
Course Agenda
Course Overview
This course will help you prevent potential money laundering practices and reduce the risk of fraud and error in your organisation. You will be made more aware of the importance of strong internal controls and will understand the role of auditors. You will learn by active participation during the course through the use of exercises, case studies, training videos and discussion.
Course Objectives
• Detect and investigate fraud and money laundering in the workplace
• Develop and implement a fraud prevention and contingency plan
• Gain insights into the mind and psychology of a fraudster
• Learn from training videos showing “how the fraudster perpetrates crime!!!”
• Network with other professionals and hear the views of experts in the field
• Analyse thought provoking case studies and participate in interactive sessions
Plug the holes in your fraud prevention policy by benchmarking against the latest developments in strategies and techniques and sharing new initiatives.
Course Timings: Registration will commence at 8:00 on the first day. The course will begin at 8:30 with refreshments being served at appropriate intervals. The course will conclude each day at 14:30 after which lunch will be served.
Day 1
Day 2
Day 3
Day 4
Day One – Sunday, 20 January 2008
Current Money Laundering And Fraud Trends
• Moving the ill gotten gains
• Sensitising yourself to current fraud and money laundering trends
• Some definitions
• Red flags
• Money laundering syndicated activity
• Who are the perpetrators?
• Some real life scams and schemes
• Cheque fraud and counterfeiting
• Fraud survey
 | Video Presentation And Discussion |
Money Laundering And Economic Crime
• What is “money laundering”?
• The legislation
• Where it all started
Day Two – Monday, 21 January 2008
Benchmarking Money Laundering Legislation
• Looking at examples of international money laundering legislation
• Accountable institutions
• The role of the compliance officer
• Anti-terrorism reporting requirements
• ISA 240: the auditor’s responsibility to consider fraud
• Sarbanes Oxley Act 2002
| | Video Presentation – Interview With Corrupt Banker |
Bribery And Corruption And Its Impact
• Transparency International Bribe Payers Index
• Bribery
• Corruption
• Conflict of interest
• Extortion
• Kickback schemes
| | Video Presentation And Discussion – Interview With A Fraudster |
ACFE Report To The Nation On Occupational Fraud And Abuse
• Report based on 2608 live cases
• Profile the fraudster
Day Three – Tuesday, 22 January 2008
Enterprise Risk Management And Money Laundering
• Types of risk and risk assessments
• Reduce the risk of money laundering affecting your organisation
• Regulations: King I, King II and COSO framework
• Practical case studies: Weak Systems CompanyFinancial Statement Fraud And Money Laundering
• What is financial statement fraud?
• Who are the victims and who are the perpetrators
• A practical example – 5 ways to cook the books
• Improper revenue recognition
• Improper deferral of costs and expenses
• Fraudulent financial reporting risk assessments
Establishing Effective Anti-Corruption Procedures To Fit Within The Framework Of Effective Corporate Governance
• Fraud in the workplace
• Fraud prevention plans and contingency/recovery plans
• Fraud risk heatmap
• Policies, procedures and controls
• Good corporate governance
• Fraud risk and controlling it
| | Video Presentation – Lifestyle Audits To Detect Corruption |
Day Four – Wednesday, 23 January 2008
Where Is The UAE In Terms Of Money Laundering Legislation
• Legal framework
• Dubai Financial Services Authority (DFSA)
• Dubai International Financial Centre (DIFC)
• Reporting suspicious transactions
Implementing A Successful Whistle-Blowing Strategy
• Encouraging whistle-blowing
• Formulating a confidential reporting channel
• The Protected Disclosure Act and its protection
• Monitoring your whistle-blowing structure
• Practical case study: Social Welfare Department
| | Video Presentation And Discussion – Fraud And Theft In The Workplace |