Tracing and Recovering Fraud Losses
- Mar 21-23, 2023 10:00 a.m.
- Central Time (CT)
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 3-day ACFE training course provides an overview of the resources, legal considerations and techniques to prepare for and conduct an asset recovery examination.
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
|Delivery Method:||Group Internet Based|
ACFE Members: $625
Early Registration Deadline: February 20, 2023
Register by the Early Registration Deadline to SAVE USD 125!
This opening session will introduce you to asset recovery. The topics 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.
This session explores sources of information that can help you identify assets. It examines ways to search public and non-public records, and discusses how different types of information can lead to a person’s or entity’s property.
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 investigation online.
Financial records are used as evidence for fraud, but they can also 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.
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.
When conducting investigations involving asset searches, you must be prepared to address legal issues that occur in this complex work. This session discusses key legal issues you may encounter in such investigations, such as laws governing access to information, the legal avenues of recovery and more.
You 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.
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.
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.
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.
The Association of Certified Fraud Examiners
Payment must be received by February 20, 2023 to receive early registration discount.
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, the ACFE will process a full refund of registration fees within 30 days of such circumstances becoming known. The ACFE will attempt to notify affected customers by phone and email after it determines cancellation is necessary.
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.Terms and Conditions
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.