Fraud & Money Laundering Webinar (2 hours of CPD)

Overview:

The COVID-19 crisis has caused huge financial implications for many organizations, as well as exposing them to a variety of other emerging risks related to pressure on operations and service delivery. This new environment creates a heightened risk of fraud and improper financial reporting, as new opportunities and pressures can arise for both internal employees and external parties. The COVID-19 pandemic has led to unprecedented global challenges and economic disruption. It has also led to an increase in COVID-19-related crimes, including fraud, cybercrime, misdirection or exploitation of government funds or international financial assistance, which is creating new sources of proceeds for illicit actors.

Objectives:

By the end of the session, participants will be able to:

• Develop a heightened awareness of the risk for fraud and misconduct that might occur inside an organization during, or as a result of, this crisis.
• Maintaining an effective control environment.
• Conduct an assessment of material fraud and reporting risks and apply professional skepticism and judgement.
• Advise on the compliance areas with the anti-money laundering laws & regulations.

CPD Hours:

Participants will be awarded 2 hours of CPD upon full time attendance.