Program on Financial Frauds & Forensic Audit

Tuesday, June 6, 2023
Rendezvous, Taj Mahal Tower, Apollo Bunder, Colaba, Mumbai


Increasing incidences of financial frauds in the loan portfolio of banks, both in terms of number and value, continues to be a major concern. Additionally, digital and cyber frauds have also seen a spurt. Besides financial loss implications, such incidences evoke reputational and systemic concerns. It renders the security and control systems inadequate, besides putting a question mark on the ability of an institution to maintain the requisite standards to prevent money laundering and fraudulent transactions. Further, the time-lag between the date of occurrence of a fraud and its detection is also a matter of concern.


It is crucial for Banks, Financial Institutions and NBFCs to enhance their fraud risk management systems including their framework for Early Warning Signals; strengthen their fraud governance and response systems and have a dedicated Market Intelligence Unit for frauds. It is imperative that banks and other financial intermediaries identify control failures, uncover trails and gather legally tenable evidence, trace the funds and achieve financial resolution and prosecution. A sound forensic audit, which is a complex and specialized function often undertaken by external intermediaries, helps in attaining such multiple objectives. The senior staff of the financial sector need to have an understanding of the processes intricately, enabling implementation of effective measures.

Program Highlights:

The program will deal with the following:

  • Overview of Financial Frauds and Financial Crimes
  • Fraud Monitoring and Mitigation systems, Detection and Reporting, Investigations
  • Frauds in Loan Accounts – Regulatory Perspective, Measures recommended by the Regulator for Enhanced Fraud Warning Systems and Central Payments Fraud Information Registry (CPFIR)
  • Digital and Cyber Frauds – tools, techniques, prevention, detection and investigations
  • Forensic Audit – Processes, Techniques, Tools, Approaches - Financial Statement Analysis and Due Diligence Analysis, Technological solutions
  • Evidence collection, maintenance of records and legal resolutions – case studies and discussions

Participants Profile

Senior officials working in the areas of Fraud Monitoring, Vigilance, Operational Risk Management, Fraud Risk Management, Financial Crime Risk Management, Enterprise Risk Management, Internal Audit and Compliance in Banks, Financial Institutions and NBFCs.

Rs. 20000/- + @18% GST

Address N/A Timing 09:45 AM-05:45 PM

Program Conditions

a) Program fee is payable before the program.
b) Nomination may be cancelled up to five days before the program.
c) Banks may depute another officer if the nominated officer cannot attend the conference.
d) Last date for filing nomination May 31, 2023.


Contact Details

Jyoti Kumar Pandey

Senior Program Director
+91-22-6897 0603/+91-88792 87444 


For nominations related query, please contact program officer


Pushpalata Nadar
Program Officer
+91-22-6897 0608/+91-7709575481

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