2015 ACFE Asia-Pacific

FRAUD CONFERENCE

4-6 November 2015  |  Singapore

Conference Schedule

13:00-17:00
13:00-17:00

Jonathan Davison

Managing Director
Forensic Interview Solutions

Pre-Conference Managing Internal Investigations

Jonathan Davison

Pre-Conference Managing Internal Investigations

An investigation into employee wrongdoing can be costly, disruptive and time-consuming, with unexpected complications if it is not conducted with the utmost care and confidentiality. It can also enhance a company’s overall well-being and can help detect the source of lost funds, identify responsible parties and recover losses. It can also provide a defense to legal charges by terminated or disgruntled employees. But perhaps most important, an internal investigation will signal to other employees that the company will not tolerate fraud. In this Pre-Conference course, you will learn how to lead an internal investigation with accuracy and confidence, including how to prepare the investigation, collect and analyze internal and external information, and bring the investigation to a final conclusion.

You Will Learn How To:

  • Conduct an internal investigation, step by step
  • Use technology to make your internal investigations more effective
  • Present the case to management, attorneys, law enforcement and prosecutors

Level: Basic
Recommended Prerequisites: None
Field of Study: Specialized Knowledge and Applications

8:30-9:50
8:30-9:50

James D. Ratley, CFE

President and CEO
Association of Certified Fraud Examiners

Christophe Durand

Head of Cyber Strategy
Interpol

Opening Plenary Session State of the ACFE and Fraud Profession

James D. Ratley, CFE

Christophe Durand

Opening Plenary Session

The 2015 ACFE Asia-Pacific Fraud Conference opens with an address from ACFE President James D. Ratley and continues with a keynote address from Interpol's Christophe Durand.

Level: Overview
Recommended Prerequisites: None
Field of Study: Communications

9:50-10:10

Networking Break

10:10-11:30
10:10-11:30

Jarrod Baker, ACA

Senior Managing Director
FTI Consulting

2A The FIFA Scandal: Lessons for the Corporate World

Jarrod Baker, ACA

2A The FIFA Scandal: Lessons for the Corporate World

Recent arrests of numerous FIFA officials for racketeering, fraud and money laundering, and the subsequent resignation of FIFA president Sebb Blatter, have sent shockwaves throughout the football world. British Prime Minister David Cameron has stated that this scandal provides an "opportunity to learn a broader lesson about tackling corruption." This session will cover what happened in FIFA and how the corporate world can learn from this in mitigating the risk of corruption when conducting business.

You Will Learn How To:

  • Comply with anti-corruption legislation, including the FCPA and UK Bribery Act
  • Recognize the importance of knowing who you are doing business with
  • Ensure money you spend is used for legitimate purposes

Level: Intermediate
Recommended Prerequisites: Knowledge of the fundamental elements of bribery and corruption
Field of Study: Specialized Knowledge and Applications

10:10-11:30

Scott Lane

Executive Chairman
The Red Flag Group

2B Navigating Compliance in Current Global Markets

Scott Lane

2B Navigating Compliance in Current Global Markets

The roles of the global compliance officer and general counsel are getting more complicated as they now also have to deal with public scrutiny and exposure while complying with laws and changing regulations. This session will examine several challenges and pitfalls that compliance officers and general counsels have or may have in the horizon and provide practical tips on how to best respond to these challenges.

You Will Learn How To:

  • Identify challenges and pitfalls facing compliance functions and role of a compliance officer
  • Define the importance of cultural characteristics in a global organisation

Level: Advanced
Recommended Prerequisites: Experience with compliance issues as they pertain to an international organizations
Field of Study: Specialized Knowledge and Applications

11:30-11:40

Networking Break

11:40-13:00
11:40-13:00

Gunawan Husin, MBCI, CBCP, CAMS

Principal Consultant
Continuum Asia Pte Ltd

Working Lunch Fraud as a Predicate Act to Money Laundering and Terrorist Financing

Gunawan Husin, MBCI, CBCP, CAMS

Working Lunch Fraud as a Predicate Act to Money Laundering and Terrorist Financing

The financial sector has been investing millions into improving its financial crime compliance programs; however fraud crimes continue to increase exponentially and the programs are then met with hefty regulatory penalties. The question is how do we justify this increasing operational compliance costs to our shareholders? Is the Code of Conduct the key fundamental issue here? Husin will highlight the “lessons unlearned” from past events, and share insights into the larger picture and global requirements that mandate jurisdictions to step up compliance to meet the Financial Action Task Force Recommendations.

Level: Overview
Prerequisite: None
Field of Study: Specialized Knowledge and Applications

13:00-13:20

Networking Break

13:30-14:40
13:20-14:40

Roger Darvall-Stevens, CFE

Partner, National Head of Forensic Services
RSM Bird Cameron

4A C-Suite’s Dirty Little Fraud Secret

Roger Darvall-Stevens, CFE

4A C-Suite’s Dirty Little Fraud Secret

Fraud by CEOs, CFOs and others in the ‘C-suite’ is a dirty little secret which is rarely discussed but happens with disturbing regularity. This session will discuss this phenomenon and give some suggestions as to the checks and balances which should be in place to mitigate these risks. It will also explore ways to give confidence to businesses, boards, audit committees and stakeholders, including shareholders, that their trusted C-suite executives will continue to act ethically and with integrity at all times.

You Will Learn How To:

  • Identify who commits C-suite fraud and what motivates them
  • Recognise C-suite fraud through a presented case study approach
  • Tailor forensic or fraud detection procedures to focus on C-suite fraud risk

Level: Intermediate
Recommended Prerequisites: An understanding of the fundamental aspects fraud in organizations
Field of Study: Specialized Knowledge and Applications

13:20-14:40

Andrew Koh, CRMA, MSRM, MSGF

Deputy Chief Manager, Risk Control
China Construction Bank Corporation

4B Abuse of Payment Systems in Fraud, Money Laundering and Other Financial Crimes

Andrew Koh, CRMA, MSRM, MSGF

4B Abuse of Payment Systems in Fraud, Money Laundering and Other Financial Crimes

Financial criminals continue to abuse different payment systems by committing fraud, money laundering and other crimes. Despite hefty fines imposed by regulators on prominent banks and financial institutions, criminal monies continue to flow through banks and payment operators. This session will introduce ways to safeguard and restore the public trust against the abuse of payment platforms and offer key areas to watch for when selecting the type of payment platforms.

You Will Learn How To:

  • Implement actionable and effective controls to manage fraud, money-laundering and other financial crimes
  • Analyse transaction patterns to detect financial crimes and payment frauds
  • Effectively use fraud filter rules to sift out false positives
  • Overcome challenges in adopting advanced payment technologies and best payment practices

Level: Advanced
Recommended Prerequisites: An understanding of and experience with aspects of money laundering using payment systems of banking and other financial institutions
Field of Study: Specialized Knowledge and Applications

14:40-15:00

Networking Break

15:00-16:20
15:00-16:20

Benjamin Chiang, CFE, CISA, CA

Partner
Ernst & Young Advisory

5A Isolate and Eliminate Fraud Through Advanced Analytics

Benjamin Chiang, CFE, CISA, CA

5A Isolate and Eliminate Fraud Through Advanced Analytics

With ever increasing data volumes, more sophisticated fraud patterns and a drive for strong corporate governance, how can organisations build a culture of integrity and compliance? Learn how data analytics can be used as part of the arsenal in an organisation’s anti-fraud programme to detect, prevent and deter fraud more effectively. This session will also cover some of the solutions available in the market to help organisations simplify their efforts to catch increasingly sophisticated fraudsters.

You Will Learn How To:

  • Deal with fraud holistically as the risk of fraud and other unethical behaviours are on the rise
  • Identify the increasingly important role technology and data analytics will play in isolating and preventing fraud
  • Make analytics monitoring tools and fraud management solutions work more effectively

Level: Intermediate
Recommended Prerequisites: An understanding of data analytics as it relates to fraud detection and examination
Field of Study: Auditing

15:00-16:20

Graeme Edwards, CFE

Detective
Queensland Police Service

5B Investigating in the Cloud

Graeme Edwards, CFE

5B Investigating in the Cloud

As data moves from accessible data servers, mobile devices and personal storage to cloud computing storage, fraud examiners will be required to locate evidence from the cloud. This session will discuss, in a non- technical manner, the new considerations that an investigator may face, including identifying what international legal jurisdiction their data or evidence is located and the hazards that may be encountered while obtaining evidence. It will also provide practical strategies that can be implemented to address the issues of locating and obtaining data and evidence from cloud platforms.

You Will Learn How To:

  • Define what the cloud is and how it differs to traditional data storage options
  • Explain the relevance of cloud computing to fraud examiners
  • Identify the legal and technical barriers to locating and obtaining evidence
  • Present cloud-based evidence with an increased prospect of success
  • Enhance the investigative ability and integrity of the fraud examiner in cloud investigations

Level: Intermediate
Recommended Prerequisites: An understanding of data storage methods as they relate to fraud examinations and evidence identification and acquisition
Field of Study: Computer Science

16:30-18:00
16:30-18:00

Connect with Your Peers

Networking Reception

Networking Reception

Connect with other delegates in a relaxed environment after the sessions have ended. Drinks and light hors d'oeuvres will be provided while you mingle with colleagues and explore the anti-fraud exhibition.

8:30-9:50
8:30-9:50

Andrew Fastow

Former CFO, Enron
Convicted Fraudster

Plenary Session Enron Case Study

Andrew Fastow

Plenary Session Enron Case Study

In addition to leaders in the fight against fraud, this year’s ACFE Asia-Pacific Fraud Conference has invited a convicted fraudster to present during a plenary session. By hearing his story in his own words, you’ll gain a deeper understanding of how a fraudster thinks and learn to recognize red flags in his behavior.

Level: Overview
Prerequisite: None
Field of Study: Specialized Knowledge and Applications

9:50-10:10

Networking Break

10:10-11:30
10:10-11:30

Rachael Mah, CA, CPA, PMIIA

Managing Director
AusAsia Traning Institute Pty Ltd

7A Mitigating Fraud Risks in Diverse and Complex Asia-Pacific Cultures

Rachael Mah, CA, CPA, PMIIA

7A Mitigating Fraud Risks in Diverse and Complex Asia-Pacific Cultures

The 2014 Report to the Nations by the Association of Certified Fraud Examiners (ACFE) estimated that the typical organization loses 5% of revenues each year to fraud. If applied to the 2013 estimated Gross World Product, this translates to a potential projected global fraud loss of nearly $3.7 trillion. Would diverse and complex cultures in the Asia-Pacific region have any impact on the fraud risks identification and anti-fraud controls? This session will explore how learning to navigate the region’s unique cultures in a proactive manner can impact the way fraud happens and how it can be mitigated with appropriate anti-fraud strategies.

You Will Learn How To:

  • Create more trust with multicultural teams, clients, vendors and partners to effectively mitigate fraud risks
  • Apply practical Asia-Pacific cultural intelligence skills that can facilitate more astute professional judgement and decision-making in their workplace or business
  • Implement positive negotiation tactics by applying effective negotiation skills in a diverse and complex cultural work environment
  • Improve technical proficiency when an individual knows how to adapt his proficiency in a diverse and complex intercultural work context

Level: Intermediate
Recommended Prerequisites: Understanding of the basic principles and components of fraud risk management
Field of Study: Management Advisory Services

10:10-11:30

Tony Prior, CFE, CAMS

Director
Ernst & Young LLP

7B Low Versus No: Setting a Risk Appetite for Internal Fraud

Tony Prior, CFE, CAMS

7B Low Versus No: Setting a Risk Appetite for Internal Fraud

While there is often zero tolerance expressed for internal fraud, the commensurate fraud risk framework required to adequately prevent and detect internal fraud can be challenging for organisations to achieve. Those organisations that have taken the leap and accepted a low appetite for internal fraud face another challenge: what the boundaries are and how a company should prepare for it. This session will discuss the different approaches between managing internal and external fraud as well as provide an understanding of an organisation’s fraud risk appetite.

You Will Learn How To:

  • Explain the reasons internal fraud and external fraud need to be managed differently
  • Understand how fraud risk interacts within an operational risk framework
  • Allocate your resources between key fraud risk management activities
  • Take proactive measures to prevent and detect fraud and take reactive measures when an incident occurs

Level: Advanced
Prerequisite: Understanding of the basic principles and components of fraud risk management
Field of StudyManagement Advisory Services

11:30-11:40

Networking Break

11:40-13:00
11:40-13:00

Barry Wong

Vice President, Head of Asia Pacific, Customer Fraud Management
MasterCard Worldwide

Working Lunch Payment Card Fraud

Barry Wong

Working Lunch Payment Card Fraud

Gain insight into MasterCard's business model as a technology company, its interaction with industry stakeholders and how the card payment ecosystem has transitioned as a result of financial crimes the technological evolution brings. Case studies of the latest fraud trends will show how the frauds happened, best methods of investigating the crimes, who is responsible for the losses and recommended best practices to mitigate these frauds.

Level: Overview
Prerequisite: None
Field of Study: Specialized Knowledge and Applications

13:00-13:20

Networking Break

13:20-14:40
10:10-11:30

Weiyi Tan

Local Principal
Baker & McKenzie, Wong & Leow

9A Catching Up With Corruption in the Asia-Pacific Region

Weiyi Tan

9A Catching Up With Corruption in the Asia-Pacific Region

The Asia-Pacific region has seen several developments and trends in the area of anti-corruption legislation and enforcement. This session will cover noteworthy developments that seek to bring regional laws in line with international standards and explore several high profile enforcement cases that demonstrate the commitment of regional authorities to combat corruption.

You Will Learn How To:

  • Understand corruption laws and enforcement trends in the region
  • Ensure that compliance policies are kept up to speed with recent developments and impending changes in corruption laws
  • Provoke a comparative analysis of the corruption laws of the different jurisdictions, so as to consider implications on cross-border corruption investigations

Level: Intermediate
Recommended Prerequisites: Experience in fraud examination cases and knowledge of regulations pertaining to bribery and corruption
Field of Study: Specialized Knowledge and Applications

13:20-14:40

Jonathan Davison

Managing Director
Forensic Interview Solutions

9B Effective Audit Conversations

Jonathan Davison

9B Effective Audit Conversations

Gain the knowledge, understanding and skills required to facilitate any meeting with an investigative purpose. This session will provide processes and techniques to enhance the quality of audit meetings and fraud-related interviews. The session will also focus on building influencing skills and questioning techniques to help secure a detailed, reliable and accurate account while avoiding confirmation bias and other common cognitive fallacies.

You Will Learn How To:

  • Develop and wield influence effectively
  • Operate effectively through proactive collaboration
  • Communicate effectively both orally and in writing to a range of audiences
  • Advocate the internal audit function to others
  • Prepare for and conduct an interview or meeting

Level: Intermediate
Recommended Prerequisites: Basic knowledge of the aspects of interviewing in an audit or fraud examination
Field of Study: Communications

14:40-15:00

Networking Break

15:00-16:20
15:00-16:20

Moderator: Roger Darvall-Stevens

Partner, National Head of Forensic Services
RSM Bird Cameron

Panel Session Fraud Investigations: Keeping on the Right Side of the Law

Moderator: Roger Darvall-Stevens

Panel Session Fraud Investigations: Keeping on the Right Side of the Law

Recent headlines have shown that even the most standard fraud investigations can get a fraud examiner in hot water with local authorities. How does this happen? Is it carelessness or miscalculation on the part of the examiner, or is something else possibly at play? Hear a panel of international anti-fraud professionals discuss this and how they take their fraud examinations to other countries, including investigative best practices to use when a fraud extends beyond a country’s borders.

Level: Overview
Recommended Prerequisites: None
Field of Study: Specialized Knowledge and Applications
2014 ACFE Asia-Pacific Fraud Conference