Message from Forum’s Chairperson
Dear Banking and Financial Professionals,
Every Once In a Long-Long While, an Event Come Along
and Change All the Rules.
The world is no longer what it is before the financial crisis.
All the Risk Management Techniques and Internal Controls do
not appear to be relevant anymore. An appropriate expression
to describe such a state of affair would be a paradigm shift.
It is for this very reason that I am elated to invite you to
the Financial Institutions Fraud (FIF) Forum in Singapore. This
event is designed to empower you with the necessary strategies
and measures so that you will be better equipped to overcome
the challenges in the financial services sectors beyond 2009.
It will change your professional life.
It is the first time that ICFE Consultancy Group is holding
this exciting forum which will feature speakers who are leading
practitioners in the fields of Compliance, Risk Management,
Internal Audit, Legal and Finance in the region and key representatives
of public and private organizations across the financial services
industries will make up the guest list. What an unparalleled
opportunity to gain critical insights and network!
If you are seriously interested in exploring the Fraud Risk
paradigm shift within your organization, you should definitely
take full advantage of this wonderful and unprecedented opportunity.
Get all your questions answered during a full day of information-sharing,
networking and empowerment and make the most of every discussions
and connections you can make.
I look forward to seeing all of you in Singapore.
Sincerely,
Tommy Seah
Chairperson Emeritus, CSI World Headquarters
The FIF Forum 2009 Chairperson
Introduction: Fraud is a perennial problem in the banking
and financial industries and it will remain. To meet the challenges
of fraud, significant investments by financial institutions
and cooperation with the regulators and authorities were thought
to be the solution. The current recessionary environment have
caused a paradigm shift and as a result even more resources
are required to deal with the challenges posed fraud which are
expected to increase in a weaken economy. The inaugural Financial
Institutions Fraud (FIF) Forum will bring together key industry
practitioners to outline the challenges in the financial services
sectors beyond 2009 and how strategies can be enhanced to deter,
prevent and combat fraud in your organization. Whether your
organization is planning to implement preventive measures or
facing an imminent risk of fraud, key decision makers need to
understand the impact and value of every anti-fraud options
available and be able to know how to choose the most effective
option so as to execute them efficiently to maximize the potential
for their organizations. This one day real world forum will
highlight amidst other things, best practices, current trends
& challenges and latest techniques in areas such as Anti-Money
Laundering, Risks, Fraud Investigations and Compliance strategies
which your organization or yourself could adopt. This forum
is not an academic exercise or conference. It is designed by
banking practitioners for banking practitioners.
OBJECTIVES OF THE FORUM
The Financial Institutions Fraud (FIF) Forum seeks to achieve
the following:
