Certified Fraud Investigator

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About Course

This course is a comprehensive course, combining investigation of frauds related to Cards, Online Frauds, Corporate accounts, Internal Frauds and Cyber. This course is helpful for:

  • Students / candidates who are looking for a career in Fraud Investigation field
  • Investigation professionals who are in the fraud investigation field and require step by step guidance on investigation of each type of Cyber, fraud and Whistle blow allegation and wish to pursue a certification.

There are four Chapters in this training:

  1. Analyses, Planning and Registration – This will guide you regarding pre investigation work,
  2. Interview – Interview Techniques, how to get best of evidence through an interview,
  3. Report writing guidance – what construed a good investigation report and reporting format.
  4. Investigation – The actual collection of evidence, what should be collected and how. This topic would be covering:
  • Online Frauds, Phishing, Vishing, Smishing Frauds, Synthetic ID Frauds
  • Bust-out Frauds
  • Cheque / Payment instruments Frauds
  • Mortgage Frauds,
  • Fund based / Non-fund based limits (LC/BD/BP)
  • Advances – Book Debts, Project loans,
  • Trade based Money Laundering,
  • Diversion/Siphoning off of funds,
  • Financial Statement Fraud
  • Whistle blow allegations
  • Purchase Bills Frauds
  • Insider Trading/Stock manipulation
  • Fictitious purchases/inflated bills
  • Salami Frauds
  • Corruption cases

RBI guidelines relating to these frauds and also Legal and regulatory requirements are being provided additionally, in the course.

 

EXAM

While we recommend you, going through each topic diligently, as this would be the only chance you would get to study. Also:

  • You can take the exam any time after one week.
  • There would be a single examination of 100 questions for 100 marks.
  • Please remember, that you can appear for the exams, any number of times within the stipulated period. However, once the exam is submitted, you won’t be able to revise/review the questions.
  • Time allowed for Examination is 180 minutes.
  • At least 50% marks are required to earn the Certification.
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Course Content

Analysis, Planning & Registration
Over the years, there has been a substantial increase in the number of financial frauds as well as changes in the way fraud is committed. Understanding complex financial transactions and thereafter investigating them has always been a challenge for the investigators. Most police investigators are trained to investigate convectional crime and one would find most literature, skits, TV programs and movies on conventional crime. However, there is nothing, not even any trainings and / or certifications on financial or corporate fraud investigations.

  • Analysis, Planning & Registration

Collection of Evidence
This Course would guide the participants on each type of frauds as on date and this would be a step-by-step guide for each investigation. While the first part of this chapter will deal with Retail Banking frauds, second will deal with frauds within corporations and lastly, we will discuss on Corporate accounts frauds, which cause 70% of the fraud loss, within any bank, on an average.

Interview
Interviews are the most relevant component of any investigation. The physical evidence paves the way for an effective investigation, on the other hand, Interviewing the Complainant or Witnesses point towards further leads, Interviewing the suspect(s) concludes the evidence in an investigation. Interviews are also essential for supporting the natural course of justice. It is of utmost importance to provide a chance to the suspect, to explain their side of the story. It is always crucial that the interview is conducted in a thorough and professional manner. Unprofessional behavior may cause risk to the investigation or the investigator. Similarly, it may also result in an allegation of unlawful restrain or conduct.

Report Writing
Let’s admit, writing an investigative report is the most tedious task of an investigation. While the investigation is fun, as you are unearthing facts, which a naked eye could not see, reducing the investigation findings, in form of a report becomes tedious, as the investigator needs to: Sequence the events, Use precise and concise language, use of even one wrong word may change the flavor of the investigation findings, Be mindful of the flow, There are different expectations from the investigation and reports. Because it’s the most important part of the investigation, the investigator can’t skip this critical investigation step. Your investigative report reflects on you and your investigation, so make sure it’s as clear, comprehensive, accurate, and polished as possible. Remember, an investigation is as good as its report, as this is how an investigator reflects their work. While the report should be written in a manner, so even a person without any knowledge about the event should understand it, its review by a second pair of eyes should ensure it has all the answers to probable questions on the investigation.

Certified Fraud Investigator – QUIZ
An exam based on what you have learnt in the first 4 chapters

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