ALB Virtual Effective Data Analytics - A Key to Conducting Successful Financial Investigations
ALB Virtual - Effective Data Analytics - A Key to Conducting Successful Financial Investigations
19 – 20 August 2021
3:00pm to 6:30pm (Singapore/Hong Kong/China Time) GMT +8
12:30pm to 4:00pm (India Time) GMT+5.5
11:00am to 2:30pm (UAE Time) GMT+4
Delivered Via: 2-Part Webinar
Overview
With commercial transactions and financial activities becoming increasing cross-border coupled with high adoption rate of digitalisation, financial crimes are increasingly leveraging on technology to reach out to potential victims and execute various fraudulent schemes. This has in turn created new challenges for investigators to detect and combat such illicit activities.
Vice versa, the same digitalisation and advancements in technology have also presented new solutions for financial crime investigators to utilize in their counterattack against fraudsters.
Forensic data analytics (FDA) as one of the branches of digital forensics along with data-driven financial fraud investigations allow investigators to dig deep and uncover patterns of fraudulent activity through structured data found within corporate systems and applications.
This 2 parts webinar will walk attendees through the evolution of fraud cases, detection and anti-fraud controls across organizations, while understanding the key methodology behind FDA and how to design your own effective FDA approach and solution to become an essential tool for financial investigations.
Who Should Attend
- Ethics & Compliance Officers
- General Counsels
- GRC, Legal & Compliance Professionals
- Fraud Investigators
- “C” Suite Executives
- Chartered Accountants and Auditors
- Company Secretaries
- Corporate Governance
- Head of Vigilance
- Private Practice Lawyers
- Accounting & Consulting Firms
Workshop Agenda
| Time | Agenda | Learning Objectives | |
| Day 1: 19 August 2021, Thursday (GMT +8) | |||
| 3:00pm | Introduction to Financial Frauds. What does an end to end investigation process entrail? | • setting the context. | |
| • discussion on the various types of frauds and its impact on companies | |||
| • what are emerging areas for financial frauds. Changes in fraud and compliance landscape due to COVID etc. | |||
| • understand the end to end investigation process | |||
| 3:45pm | Introduction to data analytics | • what is data and data analytics? | |
| • what are the different types of data? | |||
| • what is good data? | |||
| 4:20pm | Understanding the key data analytics processes | • what are the key processes in data analytics? | |
| • what is involved in each step | |||
| 4:45pm | Break | ||
| 5:00pm | Data analytics in practice and use in the real-world | • what are some of the best practices currently used in financial investigations? | |
| • what are some of the real world challenges which doing analytics? | |||
| • case study 1 | |||
| 5:45pm | Group activity 1 | • quiz | |
| 6:00pm | Data-driven financial fraud investigations | • fraud overview in organizations • effective anti-fraud controls | |
| 6:30pm | End of Day 1 | ||
| Day 2: 20 August 2021, Thursday (GMT +8) | |||
| 3:00pm | Data-driven financial fraud investigations (continued) | • evolution of fraud detection | |
| • case study 2 | |||
| 3:30pm | Defining Forensic Data Analytics (“FDA”) | • what is FDA? | |
| • application of FDA | |||
| • methodology & approach | |||
| • fraud risk library | |||
| • benefits of FDA | |||
| 4:30pm | Group activity 2 | • fraud in the news | |
| 4:45pm | Break | ||
| 5:00pm | Designing an effective FDA approach and solution | • fraud modeling | |
| • risk scoring | |||
| • data visualization | |||
| • case management | |||
| • case study 3 | |||
| 5:45pm | Group activity 3 | • case workshop | |
| 6:15pm | Wrap-up | • summary | |
| 6:30pm | End of Day 2 | ||
Delegate Pricing (Including GST)
| Before GST | After GST | |
| Early Bird Rate (Ends 16 July) | USD 700 | USD 749 |
| Standard Rate | USD 800 | USD 856 |
Contact Us
Romulus Tham
(65) 6870 3575 / romulus.tham@tr.com
WEBSITE
https://www.legalbusinessonline.com/effectivedataanalytics2021
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