3rd Annual Fraud, Risk & Compliance Virtual Conference & Awards


Date and Time:

August 13, 2020 9:45 AM - 2:45 PM

Event Location:

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The ideal atmosphere of fraud – inducing events like widespread unemployment, economic uncertainty, increased mortality & a “new normal” – are in place due to coronavirus outbreak and already triggering malicious activities. Underlying all of this is a fundamental challenge for the financial services industry. Financial institutions are under constant attack by organized crime rings.

Digital channel fraud is fast moving, automated, and perpetrated with sophisticated tech tools designed to bypass traditional fraud controls. For fraud teams, keeping current and sharing information among industry peers has never been more important. In a crisis like these companies and industries must adapt to survive and as new ways of doing business emerge, financial service providers must work even harder to maintain standards and apply best practices whenever possible.

We understand the importance of remaining up-to-date on existing scams, vigilant in identifying new ones, and proactive in anticipating those yet to come and thereby pleased to announce our 3rd Annual Fraud Risk & Compliance – Virtual Conference & Awards, where key issues like cyber threat and protection of whistle blowers , fraud investigation and usage of technologies to stay ahead of fraudsters will be discussed. It is so because we have realized that only collective tenacity, educating one another and sharing best practices can be the only way to mitigate these shared growing fraud risks.

Benefits of Attending:-
  • Gain in-depth awareness of potential risks in your organisation
  • Tips to remain vigilant and how the frauds can be detected & prevented.
  • It intends to give an opportunity for discussion and exchange of ideas on Fraud detection techniques and its practical application for effective implementation
  • Explore the future of technology and the implications of the financial industry
  •  Assessing current advancements and Patterns of financial crime
  • To learn to conduct a fraud examination/ forensic investigation
  • Identify the red flags of fraud
  • Building an anti-fraud control environment
  • Identify the drivers that contribute to fraudulent activity and steps to overcome them.
Who Should Attend?:-
·         CXOs
·         Chief Internal Auditors
·         Heads of Internal Audit
·         Chief security officers
·         Heads of Risk Management
·         Heads of Legal Department
·         Heads of Regulatory Compliance
·         Heads of Legal
·         In-house Legal Counsel
·         Accountants
·         Chief Financial Officers
·         Internal, External Auditors
·         Head of Inspection
·         Head of Cyber Security
·         Chief Information Officers
·         Public Policy Makers & Government Officers
·         Chief Vigilance Officers
·         Head of Enterprise / Operational Risk
·         Head of Banking Operations
·         Head of Fraud Risk Management
·         Chief Information Security Officers
Session 1: Understanding the cyber threats
·           Introduction to data privacy and laws of data protection in India Cyber- crime
  • What is cyber-crime?
  • Types of cyber-crime;
  • Loss of sensitive personal information.
·           Relevant provisions of law under the Indian Penal Code, 1860 and Information Technology Act, 2000
·           Preventive and pro-active actions that corporates and individuals can take in case of a cyber- attack, inter alia police complaint with the cyber-cell department; RBI circular on ATM frauds etc.
·           Conclusion
Session 2: Unravelling the confusion: What is whistleblowing and how can we protect whistle-blowers? 
Globally, numerous whistle-blower protection and anti-retaliation laws exist to encourage individuals to bring complaints of wrongdoing to the appropriate authority. Because these protections often apply to the disclosure of fraudulent conduct or government corruption, you must be familiar with the types of disclosures that are protected activities. Those responsible for developing or managing a whistle-blower program can place their organization at risk by not following best practices in this arena.
Session 3: Understanding your biases in an interview
Interviewing is an important part of a fraud examiner’s job. Discovering truth is essential to fair and impartial outcomes. Despite our best intentions, basic human psychological processes can interfere with our objectivity and impartiality without us consciously recognizing it has happened. In most cases, the interview is not materially affected by these psychological processes, but there are occasions where interviewers fail to see obvious contradictions in their beliefs, perceptions, theories and ideas with the available evidence. In these moments, interviewers and other decision makers suffer from cognitive biases that negatively affect a fraud examination. Interviewers who are aware of how cognitive biases can affect the interviewing process are better able to proactively mitigate them, resulting in more objective and impartial fraud examinations.
  • Define confirmation bias, bounded ethicality, anchoring, sunk-cost bias and the consistency theory
  •  Assess the impact of motivated blindness and implicit bias in interview settings
  • Evaluate how confirmation bias can affect the interviewer
  • Explain how the psychological need of maintaining a positive self-image can impact the interview process
  • Evaluate the impact of anchoring on interviewers
 Session 4: The power of partnership: Joining forces to fight financial crime:
We are living in a period of unparalleled technological, geopolitical and socio-economic change. For the financial services industry, this environment creates a tremendous opportunity to provide faster, safer and more affordable services to larger and more diverse populations – but it also creates risks of financial crimes that are increasingly sophisticated and global in nature. The speed and complexity of these opportunities and risks, paired with the scope and scale of the environmental and social challenges facing the world today, requires thoughtful and collaborative approaches. The ability and willingness to partner across a broad spectrum of stakeholders is emerging as a critical competency and competitive enabler.
Awards Categories:-
The 2020 Achromic Point 3rd Annual Fraud, Risk & Compliance Virtual Conference & Awards are being introduced to recognize achievement in the domain of Fraud, Risk & Compliance in the following categories:
  •  Operational Risk Model
  • Community Risk Model
  • Response to a Critical Incident
  • Use of Technology in Fraud Risk Management
  • Initiative in Combating Fraud
  • Fraud Risk Mitigation Model
Thought Leaders:
Balsing Rajput
Superintendent of Police
Maharashtra Cyber

Ankoosh Mehta

Cyril Amarchand Mangaldas
Anirban Banerjee
Global Head – Business Advocacy & Excellence
TCS BFSI Operations
Hardik Sheth
Head – Internal Audit & Risk Management
Tech Mahindra Business Services
Rajkumar Shriwastav
Certified Fraud Examiner & Trainer
Alok Saraswat
Head – Fraud Control Unit
Max Bupa Health Insurance Company Limited
Nirmal Paul
Vice President and Head-Fraud Prevention Unit & Claims Investigation
Bajaj Allianz Life Insurance Company

Hardik Dixit
Senior Lead – Fraud Risk Managment

Saurav Kumar Mohanty
Director – Risk Managment
FIS Global

Visit www.fraudriskcompliance.co.in for more details.
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