Open Source Intelligence for Fraud Investigations

Stephen Hill, Ph.D, CIIP, MLPI

Managing Director, Snowdrop Consulting Ltd
United Kingdom

This Pre-Conference session will introduce you to the concepts and the world around the Internet and its supporting tools for fraud investigation. The three modules will unravel Internet search engine jargon and uncover the sources of evidence available online. The course will improve your ability to work with the current Internet technologies and to understand the control and investigative systems presented and prepare for the future.

You Will Learn How To: 

• Identify current crime trends and schemes
• Effectively use the Internet as an investigative fraud investigation tool
• Use advanced search techniques, including Boolean operators, wild cards and image searches
• Uncover information about websites, including domain owners and source code

Interview and Interrogation for the Fraud Examiner Who Really Wants to Make a Difference

Sherman McGrew, J.D., CFE

Program Analyst, TSA
Netherlands

This Pre-Conference session will complement your existing fraud examination skills by providing proven interview techniques needed to obtain admissions and confessions. You’ll learn what to do when interviewing a fraud suspect, and how to do it in the difficult interviewing situations that regularly arise in fraud investigation.

You Will Learn How To: 

• Enable the fraud investigator to have the self-confidence to conduct a face to face interview with an individual suspected of committing fraud
• Show the steps necessary to properly prepare for an interview
• Understand the psychology behind an interview
• Be able to get a confession—and make it stick

Know Your Fraudster (KYF)

D. Bruce Dorris, J.D., CFE, CPA, CVA

Vice President and Program Director, Association of Certified Fraud Examiners
United States

Fraud examiners have an acute ability to catch thieves within a company, but many times they miss the mark on determining where the true risk of fraud lies within the organization. This session will examine many of the warning signs that fraudsters give us and identify ways to better manage fraud risks based on these signs.

General Session

Margo Smit

Investigative Journalist & Director, Association of Investigative Journalists (VVOJ)
Netherlands

Journalist's Margot Smit's career as an investigative journalist provides a unique perspective into the execution and impact of corporate fraud and corruption scandals - as well as how the media can contribute to combatting future frauds.

2A: Global Expectations for Addressing Fraud Risk and the Investigative Process

Waheed Alkahtani, CFE, CISA, CCEP-I

Senior Auditor, Saudi Aramco
Saudi Arabia

The development of a fraud risk management (FRM) program is a proactive approach to protect the organisation, promote compliance in the work environment and encourage transparency in the workplace. This session provides the key elements and a strategic approach — undertaken by Saudi Aramco — in the implementation of a risk-based anti-fraud program that reflects the company global presence. You will also explore two basic approaches for developing an effective compliance program and examine the three critical stages: planning, deployment and administration.

You Will Learn How To: 

• Understand and recognise fraud risks occurring in your business
• Define the essential elements for building an effective anti-fraud program
• Identify systems/means to detect fraud and irregularity
• Recognise the three stages of FRM which includes planning, deployment and administration

2B: Conflict of Interest: Gateway to Corruption

Paul Catchick, CFE

Senior Investigator, Organization for Security and Co-operation in Europe (OSCE)
Austria

All acts of corruption contain an inherent conflict of interest and can remain undetected in an organisation for years, if indeed it is detected at all. Anatomising the corrupt act can illustrate how employee corruption can begin and evolve even from benign situations, and how good management can mitigate the risk of corruption occurring internally. In this session you will learn new strategies to prevent, manage and detect corruption risk within an organisation.

You Will Learn How To: 

• Recognise the importance of the link between conflict of interest and corruption
• Understand how critical this link among employees is to the prevention, detection and investigation of corruption
• Understand how corruption can arise even among trusted employees in initially benign situations
• Develop new strategies for detecting corruption among employees

General Session

David Green

Director, Serious Fraud Office
United Kingdom

Appointed in 2012, Green is bringing a renewed focus on criminal investigations of fraud, bribery and corruption to the UK’s Serious Fraud Office, including the ongoing Libor scandal. Hear Green's insights into the current fight against fraud first-hand during this keynote address.

4A: Continuous Fraud Monitoring and Detection via Advanced Analytics

Scott Mongeau, Ph.D.

Manager, Deloitte
The Netherlands

Business analytics and ‘big data’ are highly publicised terms, but what is the core value proposition? The advent of systems automation, enhanced by advanced analytics, has established the capacity for continuous fraud monitoring and detection solutions. This session will provide an overview of the main advanced analytics techniques available to tackle the problem of fraud, and a practical case will be examined in order to demonstrate the principles at work for a hands-on perspective.

You Will Learn How To: 

• Understand continuous fraud monitoring and detection as an integrated people, processes and systems solution
• Grasp analytics-driven fraud detection and mitigation as a process of cyclical improvement
• List the key advanced analytics fraud detection approaches
• Situate self-improving advanced analytics as a game-changing value driver
• See a targeted example of self-improving analytics applied to fraud detection

4B: Setting Up an Anti-Fraud Control Plan

Patrick Risch, CFE, CIA, CCSA

Head of Fraud Prevention & Detection, BNP Paribas Fortis
Belgium

How mature is your organisation in mitigating fraud risk? Learn how to develop a fraud risk governance framework, based on the three lines of defence model, and to make sure that this framework is functioning as intended by putting in place an anti-fraud control plan.

You Will Learn How To: 

• Ensure that all elements of fraud risk management are allocated at an appropriate management level
• Make sure that controls are in place to control the processes related to fraud risk management
• Put in place an anti-fraud control plan

5A: Preventing Fraudulent Reporting: A European Perspective

Kurt Ramin, CFE, CPA

Director, KPR Associates
Germany

One of the objectives of the EU single market financial regulation is to increase investor protection by reducing financial statement fraud. The mandatory adoption of International Financial Reporting Standards (IFRS) by the European Commission provides a basis for combatting fraudulent financial reporting in European security markets. This session will provide details on the current status of financial and business reporting in Europe. You will also hear suggestions on how to prevent financial reporting fraud during a discussion of future developments and regulations.

You Will Learn How To: 

• Apply and analyse financial and business reports using IFRS and XBRL taxonomies
• Appraise fraud prevention actions by European enforcement institutions and compare them to the U.S. environment
• Evaluate and classify future business reporting standards and trends including the Global Reporting Initiative (GRI, based in Amsterdam) and global payroll and expense reporting systems
• Apply and implement fraud prevention tools in regards to financial and business reporting

5B: Internal Auditing and Fraud: How to Manage Fraud Information

Piero Matriciani, CFE, CIA, CCSA

Audit Manager, Ferrovie dello Stato Italiano
Italy

One of the important links between internal auditing and occupational fraud is how the information is handled. This information falls into two categories  information that somebody decides to give to the organisation (e.g. whistleblowers, management or the audit department) and information corroborated by investigation – that each raise unique questions of how to be processed and communicated. Discover an effective procedure, based on internal auditing skills, compliance program knowledge and organisational experiences, for managing fraud information in the internal audit department.

You Will Learn How To: 

• Understand the risks for the organisation when managing information about fraud
• Adhere to the rules and responsibilities of internal auditors that manage information about fraud
• Discover how information can help an investigation into fraud allegations

Networking Reception

 

Get to know your fellow conference attendees while you unwind from the day's educational sessions. The Networking Reception offers a perfect opportunity to connect with anti-fraud professionals from around the region in a relaxed environment. Light hors d'oeuvres and drinks will be provided.

General Session

Dr. Marco Gerke

Director, Cybercrime Research Institute
Germany

As one of Europe's leading cybercrime experts, Gercke offers insight into how fraudsters are using today's technology to innovate and execute new schemes.

7C: Key Fraud Indicators (KFI): A New Approach to Set Up and Use Effective Fraud Indicators

Emmanuel Pascal, CFE, CIA, CRMA

Group Corporate Audit Manager, Brakes Group
France

Most companies set up Key Performance Indicators (KPI) but when it comes to fraud, it is more difficult to find indicators that meet their needs and to use them efficiently. Through real examples of Key Fraud Indicators (KFI) building processes, you will learn how to design your own KFI and how to look for significant and effective data. You will also discover innovative approaches that will help you get the best of these indicators in order to detect and prevent fraud.

You Will Learn How To: 

• Set up effective Key Fraud Indicators that will meet your needs and go beyond standard indicators
• Identify the right data for your analysis and learn from work methods used in other departments of your company to analyse it
• Leverage new approaches to understand fraud indicators for detection and prevention
• Communicate efficiently on KFIs with different levels of management

7D: Increasing the Likelihood of Identifying Fraud, Not By Tip But By Data Analysis

Claudia Runge, CFE, CIA, CCSA, CRMA

CR Audit
Germany

Georg W. Schudea

Managing Director (CEO), Schudea & SilverConsult GmbH
Germany

The conventional sample selection methodology used in audits limits the possibility of discovering fraud, leaving many to be discovered based on a tip from an employee, vendor, etc. By considering correlation and tolerance levels and calculating the intrinsic value, the possibility of detecting fraud by analysing data can be significantly increased. The result of the risk and value-oriented sampling is a number of high quality samples whose variances cannot be easily reasoned by the auditee. Learn how this sampling methodology was used to identify fraud in cases of corruption, asset misappropriation, fraudulent statements and even illicit funds.

You Will Learn How To: 

• Explain why averaging/single variable trend reviews will not lead to satisfying results
• Detect fraud by using data analysis through reviewing case studies
• Make illicit funds be visible for auditing

General Session

Patrick Donovan

Chief Compliance Officer, Airbus S.A.S.
France

Session description coming soon.

9C: Assisting Your Fraud Examination with Online and Open Source Intelligence

Stephen Hill, Ph.D, CIIP, MLPI

Managing Director, Snowdrop Consulting Ltd
UK

As the use of the Internet and associated technologies has grown rapidly in recent years, so has the opportunity for computer-related crime. Unlawful activity can be committed or facilitated online with criminals trading and sharing information, masking their identity, gathering information on victims and communicating with co-conspirators. Websites, email, chat rooms and social networks can all provide vital evidence in an investigation of computer-related crime, and this session will assist investigators in their efforts to curb such crime.

You Will Learn How To: 

• Utilise the Internet as an investigative research tool
• Locate information using search engines, meta browsers, deep web, people search and Open Source Intelligence (OSINT)
• Trace domain name owners, the origin of an email and blacklist checks
• Protect your privacy when investigating online

9D: Conducting Internal Investigations

Sherman McGrew, J.D., CFE

Program Analyst, TSA
Netherlands

Investigating one's own colleagues for fraud is an extremely difficult situation and poses unique challenges, particularly when the suspected fraudster may continue to be employed at the same company as the investigator. Explore how to tackle the internal investigation, detect falsehood and avoid the pitfalls when dealing with co-workers and friends.

You Will Learn How To: 

• Differentiate between internal investigations and outside investigations
• Identify whether investigations are privileged and, if so, who holds the privilege
• Keep personal relationships from interfering with your investigation
• Move on with workplace life after the investigation