500 Words each on the topics below relating to fraud: Topic 1 – how criminals have attempted to profit from COVID-19 (current and relevant topic) Criminals attempted to profit from the pandemic as per reporting from FATF – www.fatf-gafi.org/media/fatf/documents/COVID-19-AML-CFT.pdf I want to evaluate how two of these activities have been executed using examples, ideally both fraud against the individual and against companies: • impersonation of officials • investment scams Topic 2 – risks and impact on companies that are victims of fraud (why it should be taken seriously) Outline and explain risks and challenges faced by a firm that has been a victim of fraud using examples. Topic 3 – key risk indicators/ red flags (what to look out for) Understanding the importance of recognising key risk indicators that might detect potential fraud. Identify and explain two red flags that point to fraudulent activity – one corporate and one employee related. Taking the following as a starting point – https://corporatefinanceinstitute.com/resources/knowledge/other/fraud-red-flags/ Topic 4 – effective communication strategy for staff facing evolving fraud methodologies (advice on how to deploy strategy in real world) Discuss how an effective fraud-averse communication strategy could be deployed.
