Fraud and Loss Prevention


Our agenda


Listen to panel discussions, debates, and fireside
chats with industry experts, thought leaders
and activists on a range of topics.


Register To Attend



GMT Wednesday 8 December 2021

Strategic prevention: Predict not react
10:00 AM - 10:30 AM

Fraud prevention is the implementation of a strategy to detect fraudulent transactions or banking actions and prevent these actions from causing financial and reputational damage to the customer and financial institution (FI). As the online and mobile banking channels becomes more popular and FIs continue to digitize, a strong fraud prevention strategy is only going to become more important.

Fraud prevention and cybercrime are connected and always changing. As fraud prevention professionals develop new authentication and fraud detection solutions, the fraudsters are networking with each other, monetizing, and exchanging information on the Dark Web. Fraudsters today are using sophisticated strategies and malware to succeed in their fraudulent activities. Though fraud prevention technology has made great advances and continues to do so, it’s important to be aware of fraudulent tactics and understand how to prevent fraud.


  • Mark Cheeseman, Deputy Director, Public Sector Fraud, Cabinet Office

Investigating the Latest Trends, Challenges and the future of Fraud and Loss Prevention Post COVID-19 Pandemic
10:30 AM - 11:15 AM

The coronavirus crisis has seen a rise in many different types of fraud, and while some authorities are prepared to give leeway on certain risk mitigation activities, businesses need to ensure they remain alert to current and future risks.

A wide range of frauds related to the pandemic are understood to be on the rise. These include scams relating to the purchase of PPE or hand sanitisers (where goods either do not exist or are of sub-standard quality). There has also been an increase in phishing and smishing (using text messages) scams and identity thefts, which may be an attempt to take advantage of the increase in people working from home and potentially less stringent security arrangements. Attempts to fraudulently access government funds made available to help ease the economic impact of the pandemic (such as the Job Retention Scheme) are also thought to be on the rise.

At the same time, other traditional scams such as computer software or telephone-based fraud have seen a decrease in activity, the latter perhaps in part due to the lockdown in parts of Asia, where illegitimate call centres are often based.



  • Dev Odedra, Independent Anti-Money Laundering expert, Minerva Stratagem Consulting
  • Clare Messenger, Global Commercial Head of Fraud Protection Services, JT Consulting

11:15 AM - 11:45 PM

More information coming soon.



Fact Checking and Managing Information in Fraud Investigations
11:45 AM - 12:30 PM

After you receive a fraud allegation or detect suspicious behavior, you have to decide if it’s worth investigating. You should launch an investigation when you have a reasonable factual basis (RFB) to believe fraud occurred. This means you can reasonably believe that a law, regulation or company policy has been violated. This session looks at what steps need to be taken and how to go about taking them for a positive result.


  • Dev Odedra, Independent Anti-Money Laundering expert, Minerva Stratagem Consulting


  • Dave Cooke, Independent Business Continuity Risk and Resilience Consultan

How to effectively manage know-your-customer-anti–money laundering (KYC–AML) compliance
12:30 PM - 13:15 PM

Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have evidently evolved with the onset of the pandemic. With several authorities reconsidering their existing laws in response to the increasing criminal activities and emerging risks, the AML/KYC regulatory landscape and its already intricate compliance environment have become more active and complex than ever.

Firms, therefore, should be attentive to the recent developments and updates so that they are always prepared to meet their regulatory obligations, thus, avoiding hefty penalties and criminal investigations.


  • Euan Grant, Customs, Tax & Border Control Consultant, Grant & Gutsell Consultants



Building an Accurate Risk Profile as part of a Future Proofing Strategy To Protect your Organisation from Fraud and Loss
13:15 PM - 14:00 PM

More information coming soon



14:00 PM - 14:30 PM

More information coming soon.



The Essentials of an Effective Sanctions Compliance Programme
14:30 PM - 15:15 PM

Constantly changing sanctions requirements demand up-to-date screening data which is agile enough to align with your workflow. Your business needs a reliable source of information which can be tailored to fit specific strategies and mitigate risk exposure.



  • Dr. Rokhsareh Vahid, Sanctions and Banking Specialist, Ronald Fletcher Baker LLP
  • Francis Bond, Associate, Corporate Crime & Investigations, Macfarlanes
  • Robert Price, Associate, International Arbitration, Litigation and Sanctions, Latham & Watkins

The Tools of First Resort: Fighting fraud and friction with behavioural analytics and Machine Learning
15:15 PM - 16:00 PM

Behavioral analysis has the potential to be adapted to many different devices, including an entire smartphone’s operating system, not just certain apps that use the technology. This means an entire phone can be protected. Just as you use a case to protect your phone from physical damage, behavioral damage can protect your phone from fraud damage.




Digital Forensics: Collecting data in a virtual environment
16:00 PM - 16:45 PM

The most notable challenge digital forensic investigators face today is the cloud environment. While cloud computing is incredibly beneficial to an organization, they are also challenging for forensics investigators. The basic principle that the cloud is somebody else’s computer holds some truth, but huge server farms host most data.



Re-envisioning Corporate Governance to fight fraud: Have you got the tools you need?
16:45 PM - 17:30 PM

Preventing fraud starts with appropriate corporate governance. Appropriate corporate governance is set by the organization’s upper management, i.e. “tone at the top”. Upper management projects its integrity onto the entire organization.

When upper management is perceived as ethical, this tends to filter down into the rest of the organization. Consequently, when upper management is viewed as immoral, this may have a negative effect on the ethical environment of the organization.

To set an appropriate tone at the top, upper management should encourage ethical behavior via transparent means. Examples include an ethics policy, mission statement, or employee handbook, all of which should strongly reinforce the importance of ethical behavior. Such communications should also stress that unethical behavior will not be tolerated. This will help serve as a fraud deterrent.



Closing Remarks
17:30 PM - 17:45 PM