Together, Reducing Fraud Worldwide

Tracing and Recovering Fraud Losses


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  CPE Credit: 16
Course Level: Overview
Prerequisite: None


 

A conviction or civil judgment in a fraud case is a victory, but where does it leave the victim? Recovering fraud losses is critical to resolving the examination — and it is often complex due to fraud’s inherently clandestine nature. Fraud examiners must be prepared to deal with the strategic, organizational, investigative and legal challenges of tracing and recovering the hidden proceeds of fraud.

From tax filings to Facebook, there is a wealth of tools that you can use to trace illicit funds and recover hidden assets. This two-day ACFE training course provides an overview of the resources, legal considerations and techniques to prepare for and conduct an asset recovery examination. 

 

Upcoming Courses 

 No courses are scheduled at this time. Please view our Calendar of Events for additional learning opportunities. 

 

You Will Learn How To:  

Play an important role in recovery as a fraud examiner

Structure an asset recovery examination

Leverage online resources and social media sites to find people and assets

Use financial records and data analytics to locate hidden assets

Comply with legal aspects and considerations faced in this line of work

Recover fraud losses from third parties

Locate and seize assets internationally 


Who Should Attend:  

Asset recovery specialists

Attorneys, legal professionals and law enforcement personnel

Controllers and corporate managers

Detectives and private investigators

Forensic and management accountants, accounts payable and financial analysts

Government employees

Internal and external auditors, CPAs and CAs 

Loss prevention and security professionals

Individuals considering starting a practice focused on fraud deterrence and detection

Certified Fraud Examiners and other anti-fraud professionals 

Fees 

Members: $795
Non-Members: $945 
  

CPE Credit
16 

 

Field of Study
Specialized Knowledge and Applications 

 

Course Level
Overview 

 

Prerequisite
None 

  
Advanced Preparation 

None

  

Delivery Method 

Group-Live
  

  Day One  
7:30-8:00 a.m.   Registration & Continental Breakfast   
8:00-9:20 a.m. 

Introduction to Tracing and Recovering Fraud Losses 

This opening session will introduce you to asset recovery. The topics covered in this session will include defining assets, why people hide assets, hidden versus known assets, hiding versus money laundering, ways assets are hidden, and the steps you must take to expose and identify the methods of uncovering hidden controls over, and interest in, property.

9:20-9:35 a.m.  Break 
9:35-10:55 a.m. 

Sources of Information 

This session explores some common sources of information that can help identify assets. It examines ways to search public and non-public records and discusses how different types of information can lead to a person or entity’s property.

10:55-11:10 a.m.  Break  
11:10 a.m.-12:30 p.m. 

Using the Internet and Social Media to Locate People and Assets 

Learn how to use Internet services and websites, such as social networking sites and other information resources, to obtain information about assets, people, businesses and fraud in general. Also, you will learn how to determine the location of a website’s server and a five-step approach to conducting an Internet investigation.

12:30-1:30 p.m.  Group Lunch  
1:30-2:50 p.m. 

Using Financial Records to Locate Hidden Assets 

Financial records are not only used as evidence for fraud, but also can be used to identify witnesses, criminal assets, localities where assets are stored, and more. This session will examine common types of financial records valuable to a fraud examination, ways to obtain and review financial records, and how to use financial records to locate assets.

2:50-3:05 p.m.  Break  
3:05-4:25 p.m.  

Using Data Analytics to Locate Hidden Assets 

The use of data analytics to identify trends, patterns, anomalies and exceptions within data is an effective approach to combat fraud and such tactics are especially useful when fraud is hidden in large data volumes and manual checks are insufficient. This session will introduce you to the basics of using data analysis techniques to find hidden assets.

 

 

  Day Two 
7:30-8:00 a.m.   Continental Breakfast   
8:00-9:20 a.m. 

Legal Aspects and Considerations 

When conducting investigations involving asset searches, you must be prepared to address various legal issues that occur in this complex work. This session discusses some key legal issues fraud examiners may encounter in such investigations such as, laws governing access to information, the legal avenues of recovery, and more.

9:20-9:35 a.m.  Break  
9:35-10:55 a.m. 

Non-traditional Recovery Options 

Fraud examiners should be aware of alternative recovery options to recognize potential sources of recovery when conducting an examination. Learn non-traditional sources of recovery including: recovery from third parties, the theft loss tax deduction, receivership claims, fair funds, and recovery under insurance policies.

10:55-11:10 a.m.  Break  
11:10 a.m.-12:30 p.m. 

Enforcing a Judgment 

A judgment is a decision by a court of law that resolves a controversy and determines the rights and obligations of the parties. This session will examine common enforcement issues and discuss procedures for enforcing money and non-money judgments, as well as some practical issues and questions that can arise in fraud recovery efforts.

12:30-1:30 p.m.  Group Lunch  
1:30-2:50 p.m. 

Finding and Seizing Assets Held Abroad 

Locating and recovering assets sited abroad is a slow, arduous process that may take months or years due to the dependence on foreign assistance, which can be hindered by legal and cultural differences. This session will provide guidelines for fraud examiners seeking to find and recover assets stored abroad.

2:50-3:05 p.m.  Break  
3:05-4:25 p.m.  

Case Studies 

Observe and analyze two case studies designed to help you apply the course material to more real-world investigations and to expose you to some of the practical implications of the course material.

Event Cancellation Policy 

Our cancellation policy is intended to keep costs low for attendees. Due to financial obligations incurred by ACFE, Inc. you must cancel your registration prior to the start of the event. Cancellations received less than 14 calendar days prior to an event start date are subject to a $100 administrative fee. No refunds or credits will be given for cancellations received on or after the start date of the event. Those who do not cancel and do not attend are responsible for the full registration fee.

 

Satisfaction Guarantee 

ACFE seminars are unmatched in scope and effectiveness and backed by our unconditional satisfaction guarantee. If you attend an ACFE event and are not completely satisfied, please contact an ACFE Member Services Representative at MemberServices@ACFE.com or call (800) 245-3321 / +1 (512) 478-9000.

 

NASBA CPEThe Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org 
 

 

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