Financial Statement Fraud and Identifying Red Flags

Duration: 60 Minutes
This AML compliance webinar will look at the use of financial statements as a tool to commit fraud upon the financial sector and investors and common tricks used by fraudsters, as well as identifying “red flags” for potential problems.
Financial Statement Fraud
Instructor: Kenneth Barden
Product ID: 508833
Objectives of the Presentation
  • Understand the components and red flags of fraud
  • Management’s responsibility in fraud prevention
  • The practical approach that can be applied to detect, prevent and investigate fraud
  • What to do when fraud is found or suspected
  • Responding to parties when fraud is found or suspected
  • Protecting oneself from becoming involved in fraud
  • Regulatory compliance when fraud is found
Why Should you Attend
Many companies have started addressing financial statement fraud due to the financial losses suffered and a collapse of their well-established brand identity. This webinar will discuss some of the ways in which one relies on such financial information may take steps to prevent falling victim to fraud.

Areas Covered
  • Financial Statement Fraud - what is it and some examples of its use
  • Often-used tricks to commit fraud in financial statements
  • How to verify financial statement information
  • Red flags -how to identify potential fraudulent information
  • What to do when potential fraud is found or identified
  • How to confront a person or company providing fraudulent information
  • Developing a policy to verify fraud and risk management techniques
  • Some recent notable cases involving financial statement fraud
Who will Benefit
  • Banks and other financial institutions
  • Credit Unions
  • Financing companies
  • Risk Managers
  • Securities Dealers
  • AML Compliance Officers
  • Heads/Directors of AML Compliance
  • Anti-Money Laundering Investigator
  • CCOs (Chief Compliance Officers)
  • MLROs, (Money Laundering Reporting Officers)
$300
Recorded Session for one participant
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How it works
Live Session - How it works
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  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Kenneth Barden is a Senior Anticorruption and Good Governance Advisor with the Governance and Rule of Law Team at USAID. For many years, Ken was an independent consultant for several international development projects, including ones funded by USAID, the MCC, World Bank, UN, Asian Development Bank and others. Ken served as Team Leader for the USAID-administered MCC Threshold Indonesia Control of Corruption Project in Indonesia, working on anticorruption and judicial reform. Immediately prior to joining USAID, Ken was with the USAID Modernizing Financial Institutions project in the West Bank, where he led implementation of anti-money laundering and anticorruption activities. Ken's experience includes work in Eastern Europe, Central and Southeastern Asia, Oceania, the Middle East and Africa. He also has over 15 years of experience in municipal government. Ken holds a Juris Doctor from Indiana University, and a Bachelor's degree in Political Science from University of Indianapolis, as well as post-graduate work in Disaster Management from the University of Wisconsin and in International Humanitarian Law from the National Academy of Legal Studies and Research (NALSAR), in Hyderabad, India.
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