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 2-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
Houston, Texas | July 16-17, 2020
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: $995
CPE Credit
16
Field of Study
Specialized Knowledge
Course Level
Overview
Prerequisite
None
Advanced Preparation
None
Delivery Method
Group-Live
Full Course Outline
Tracing and Recovering Fraud Losses
| |
DAY ONE
|
DAY TWO
|
| 7:30 a.m. - 8:00 a.m. |
Registration - Breakfast Pastries |
Breakfast Pastries |
| 8:00 a.m. - 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.
|
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 a.m. - 9:35 a.m. |
Break |
Break |
| 9:35 a.m. - 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. |
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 a.m. - 11:10 a.m. |
Break |
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.
|
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 p.m. - 1:30 p.m. |
Group Lunch |
Lunch on Own |
| 1:30 p.m. - 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.
|
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 p.m. - 3:05 p.m. |
Break |
Break |
| 3:05 p.m. - 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.
|
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 Details
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. Should an event be cancelled or postponed by the ACFE due to unforeseen circumstances, ACFE will process
a full refund of registration fees within 30 days of such circumstances becoming known. ACFE will attempt to notify affected customers by phone and email after it determines cancellation is necessary.
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.
The
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.nasbaregistry.org.
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