Fraud Resilience: Forensic Prevention and Detection Strategies

Introduction

Fraud is nothing but new, “old good schemes” still work quite well but in today’s complex business landscape, organisations face more sophisticated fraud threats. These can significantly impact their financial stability, reputation, and regulatory standing, and let’s not forget the cost of dealing with a fraud within the organisation

This training addresses the fraud challenges while providing practical tools for prevention, detection, and response.

The program is designed by forensic experts with extensive experience investigating major fraud cases across multiple sectors, at national level but also cross border as fraud rarely stays within frontiers.

Compliance and investigation experts are of different nature. Beyond compliance, this training equips board members, executives and professionals with actionable strategies to protect assets, maintain stakeholder trust, and fulfil their governance obligations under Luxembourg laws and regulations.

Objectives

• Recognise Key Fraud Types & Trends
  Understand common fraud schemes and recent developments in Luxembourg.
• Understand Legal Obligations
  Identify key EU and Luxembourg laws related to fraud.
• Spot Fraud Indicators
  Detect financial, behavioural, and digital red flags using real-world examples and analytics.
• Know Executive Responsibilities
  Clarify directors’ duties, liabilities, and the impact of poor fraud controls.
• Strengthen Governance & Controls
  Apply anti-fraud policies, risk assessments, and internal control principles.
• Respond Effectively to Fraud
  Follow proper steps for investigation, evidence handling, and collaboration with authorities

Content

• Understanding Fraud Fundamentals and new trends
  • Types of fraud (asset misappropriation / embezzlement, financial statements fraud, bribery and corruption…)
  • How can fraud happen?
  • Luxembourg’s recent trends
• Legal Framework: EU and Luxembourg
• Detecting Fraud Red Flags
  • This part will cover (non-exhaustive):
  • Financial statement anomalies and accounting irregularities, Cash flow discrepancies and unusual transactions,
  • Document tampering and falsification indicators,
  • Behavioural warning signs in employees and management,
  • Digital fraud indicators and cybersecurity vulnerabilities,
  • Industry-specific fraud risk factors in Luxembourg’s financial sector.
  we will discuss use of technologies and advanced analytical techniques such as data analytics which have become indispensable in preventing and detecting fraud.
• Boards and Executives Responsibilities
  • Duties and Liabilities applicable to Directors and Management under Luxembourg law
  • Oversight obligations and due diligence requirements
  • Personal liability implications for executives
  • Consequences of inadequate fraud controls
• Governance and Control Framework
  • Designing effective anti-fraud policies
  • Fraud Risk assessment methodologies
  • Internal control systems and segregation of duties
  • Documentation protocols and evidence preservation
• Fraud Response and Investigation
  • Initial response protocols when fraud is suspected
  • Evidence gathering and preservation procedures
  • Interview techniques and fact-finding approaches
  • Digital forensics basics and electronic evidence handling
  • Working with external investigators and Luxembourg authorities

Speakers

Our speakers belong to both our specialised and complementary teams and as such, cover all legal, regulatory, taxation and advisory aspects of doing business in Luxembourg. We invite you to check our training agenda where the speakers are listed on each training session.

Target audience

• Compliance Officers, Risk Managers, and Internal Auditors
• Board Members and Executive Leadership
• Legal Counsels, Forensic Investigators, and Litigation Support Teams
• Law Enforcement Liaisons or those involved in regulatory reporting
• Finance and Accounting Staff, especially those in procurement or treasury
• Procurement Officers and Operations Managers
• IT Security Teams and Cybersecurity Analysts

Duration

2 hours.

Language

English

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For more information please contact us by e-mail institute@arendt.com