Advanced Fraud Prevention Cyber Security Internal Auditing and CFT – 2024

• 4 Days / Masterclass

Advanced Fraud Prevention Cyber Security Internal Auditing and CFT – 2024

“Empowering Leaders: Advanced Techniques for Safeguarding Assets, Data, and Reputation in an Interconnected World”.

PROGRAMME OVERVIEW

• In dynamic times of rapid digital transformation and global interconnectivity, organisations face unprecedented challenges in safeguarding their assets, data, and reputation. This comprehensive masterclass addresses the critical need for integrated approaches to fraud prevention, cybersecurity, and financial crime compliance. As cyber threats evolve and fraudsters employ increasingly sophisticated methods, leaders must stay ahead of the curve to protect their organizations effectively.
• The programme begins by exploring the foundations of fraud risk management and cybersecurity governance in the context of today's complex business environment. Participants will gain insights into emerging fraud trends and technologies, understanding how AI, blockchain, and IoT are reshaping both threats and defences. This knowledge is crucial as organisations navigate the digital landscape and adapt to new ways of conducting business in a post-pandemic world.
• As regulatory scrutiny intensifies globally, this Masterclass explores the intricate world of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT). With financial crimes becoming more complex and cross-border in nature, organisations must adopt robust, risk-based approaches to compliance. The programme provides practical strategies for implementing effective AML and CFT programmes that can adapt to changing regulatory expectations and emerging financial technologies.
• Recognising the increasing importance of third-party relationships in today's interconnected business ecosystem, this masterclass offers a deep dive into strategic third-party risk management. As organisations rely more heavily on external partners for critical functions, understanding how to manage associated risks across cyber, fraud, AML, CFT, and governance domains becomes paramount. This knowledge is essential for building resilient supply chains and partner networks in an uncertain global economy.
• The Masterclass addresses the critical need for organisational resilience in the face of disruptions, from cyber incidents to system outages and major organisational changes. As the business world continues to grapple with uncertainties, from geopolitical tensions to climate-related risks, the ability to maintain operations and safeguard against fraud during crises is more important than ever. Participants will learn strategies for building robust incident response capabilities and integrating resilience planning into overall risk management frameworks.
• The masterclass emphasises the human element in fraud prevention and cybersecurity, exploring ways to cultivate a strong culture of compliance and ethics. In an age where corporate social responsibility and ethical business practices are increasingly under the spotlight, organisations must go beyond mere regulatory compliance. The programme provides insights into creating a values-driven culture that can serve as a competitive advantage, attracting top talent and fostering trust among stakeholders in an era where public scrutiny of corporate behaviour is at an all-time high.

BENEFITS OF ATTENDING

Enhanced Fraud Risk Management

• Gain comprehensive understanding of fraud types, risk assessment methodologies, and prevention strategies to better protect your organisation's assets and reputation. 
• Learn to develop and implement a robust fraud risk management strategy tailored to your organisation's specific needs. 
• Acquire skills to effectively communicate fraud risks to leadership and stakeholders, ensuring organization-wide commitment to fraud prevention.

Improved Cybersecurity Governance

• Learn essential cybersecurity concepts, frameworks, and leadership responsibilities to effectively oversee and manage your organization's digital security. 
• Develop the ability to align cybersecurity strategies with business objectives, ensuring a balanced approach to risk management. 
• Gain insights into creating and maintaining a cybersecurity-aware culture throughout your organisation.

Strengthened Internal Control Systems 

• Develop expertise in implementing robust internal control frameworks, including risk assessment and monitoring, to fortify your organisation's defences against fraud and cyber threats. 
• Learn to design and integrate fraud prevention measures into existing internal control systems. 
• Acquire skills to continuously evaluate and improve the effectiveness of internal controls in response to evolving risks.

Innovative Technologies and Trends Awareness 

• Stay ahead of the curve by understanding how AI, blockchain, IoT, and cloud computing impact fraud and cybersecurity landscapes. 
• Learn to identify both the opportunities and risks presented by emerging technologies in your industry. 
• Develop strategies to leverage innovative technologies for enhanced fraud prevention and cybersecurity while mitigating associated risks.

Optimised Incident Response and Crisis Management 

• Acquire skills to develop effective incident response plans and manage crises, ensuring your organisation can swiftly and efficiently address security breaches or fraud incidents. 
• Learn best practices for communication strategies during a crisis, including managing internal and external stakeholders. 
• Understand how to conduct post-incident analysis and implement lessons learned to improve future response efforts.

Comprehensive Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) Knowledge 

• Understand the regulatory landscape, risk-based approaches, and compliance requirements for AML and CFT to ensure your organisation meets its legal and ethical obligations. 
• Learn to conduct enterprise-wide risk assessments and implement risk-based controls for AML and CFT. 
• Develop skills in customer due diligence, transaction monitoring, and suspicious activity reporting to create a robust AML/CFT program.

Strategic Third-Party Risk Management

• Learn best practices for managing risks associated with third-party relationships across cyber, fraud, AML, CFT, and governance domains.
• Develop skills in conducting thorough due diligence and ongoing monitoring of third-party partners. 
• Understand how to integrate third-party risk management into your overall risk and compliance framework.

Elevated Organisational Resilience:

• Gain insights into building system resilience, business continuity planning, and managing risks during major organisational transformations and ERP implementations.
• Learn strategies for avoiding, preparing for, and responding to system outages while maintaining security and fraud prevention measures. 
• Understand how to integrate resilience planning into your organisation's overall risk management strategy.

Cultivated Compliance and Ethical Culture

• Develop strategies to foster a strong culture of compliance and ethics within your organisation, including effective training programmes and whistleblowing mechanisms. 
• Learn how to design and implement codes of conduct that understood, adopted and accepted by employees at all levels. 
• Understand techniques for incentivising ethical behaviour and measuring the effectiveness of your compliance culture initiatives.

Cutting-edge Technology Solutions 

• Explore various technology solutions for integrated governance, risk, and compliance management, helping you make informed decisions about tool selection and implementation. 
• Learn to evaluate the effectiveness and ROI of different technology solutions for your organisation's specific needs. 
• Understand how to successfully integrate new technologies into your existing systems and processes. 

Value-led Implementation Strategies 

• Learn how to conduct gap analyses, develop implementation roadmaps, and measure programme effectiveness to ensure successful application of the knowledge gained from the masterclass. 
• Acquire skills in change management to facilitate smooth adoption of new fraud prevention and cybersecurity initiatives. 
• Understand how to prioritize and allocate resources effectively when implementing improvements to your transformation or risk management programmes.

WHO SHOULD ATTEND:

• Director Internal Audit 
• Chief Internal Auditor /Chief audit executive
• Chief information officer
• Chief Information security officer
• Chief compliance officer
• Chief Risk Officer
• Audit Committee Chairman 
• Audit Committee Members 
• Corporate Audit Assurance
• Head Risk
• Head of Compliance 
• Head Financial crimes
• Head AML
• Head of Fraud & Inspection 
• Head of Vigilance 
• Account Managers 
• Senior Internal Audit Managers 
• External and Internal Auditors