MSc, Diploma, Postgraduate Certificate

Management of Fraud Investigation

NOTTINGHAM TRENT UNIVERSITY VALIDATED PROGRAMME

Programme Outline

Businesses now need to be aware of modern ways to fight fraud and corruption in the workplace. There is, more than ever, a requirement to focus of business governance and to have talented and diligent employees with smart reliable information technology.

This course is designed to assist those wishing to pursue a career in financial investigation and management, currently working in, associated with any financial institution or presently in a financial investigative role to remain vigilant of an enemy that is global in reach, technologically mature and communication savvy. With these ever-evolving threats this course of study will help to keep on top of the lessons to be learned, changes to be made, courses to correct and new problems to solve.

Successful completion of this level 7 taught award provides a solid foundation for students to progress to study a master’s degree. Students will:

  1. Gain an in-depth knowledge and critical understanding of the techniques, practices, methodologies and application of fraud investigation
  2. Engage in a process of scholarship and research that will include a critical awareness of current legal and ethical issues and developments in fraud investigation. It is essential that students gain a level of ‘investigative’ expertise that is assessed as meeting the current professional standards, and
  3. Students will demonstrate an ability to complete a number of self-study projects in the subject area, which will include a critical review of both the existing literature as well as practice.

For further details please visit the NUT’s web page

Core Modules

Module 1: Principles of Fraud Investigation

  1. Types of Fraud
  2. Current Legislation
  3. Case Management
  4. Company Law
  5. Fraud Prevention and Contingency Planning
  6. Concept of Financial Investigation and Proceeds of Crime
  7. Giving Evidence in Court
  8. Module assignment presentations

Module 2: Proceeds of Crime and Financial Investigation

  1. Current Anti-Money Laundering Legislations
  2. An overview of the European Union Directives and the Anti-Money Laundering Regulations
  3. The UK National Threat Assessments and UK National Anti-Money Laundering Strategy
  4. Identifying the processes involved and the three stages of money laundering – Placement, Layering and Integration
  5. The concept of the risk-based approach to money laundering threats
  6. The concept of Financial Investigation and how to set up a Financial Investigation Unit
  7. Understanding the powers to obtain evidence, making statements and giving evidence in court
  8. Practical workshops on a number of topics
  9. Module assignment presentation

Module 3: Fraud Investigation Interviewing

  1. Legal Elements of Interviewing. Planning and Preparation
  2. Questioning Techniques / Interviewing Witnesses / Cognitive Interviewing
  3. Structured Statement Taking
  4. Listening Skills
  5. Communication Skills
  6. Dealing with Suspects
  7. Giving Evidence in Court
  8. Managing Evidence
  9. Practical Scenarios
  10. Module assignment presentation

Module 4: Complex Fraud

  1. Introduction to current criminal and terrorism financing laws
  2. The investigation of complex frauds in the context of organised crime and terror terrorist financing and how to address the global problem through inter-agency cooperation
  3. Introduction to the use of ‘Case Theory’ as a method approach to the investigation of complex fraud cases
  4. Instruction in the scientific method of experimentation by being involved with a practical scenario covering the following steps of investigation:
    1. The analysis of available investigation data to create an hypothesis
    2. Testing it against the available facts
    3. Refining and amending it until reasonably certain conclusions can be drawn
  5. How to effectively use forensic accounting within the investigative process as well as carefully organise and maintain complex crime evidence with the use of charts, graphs, spread sheets and summaries as necessary applicable to complex data
  6. Coverage of the ten steps to investigating a complex fraud:
    1. Beginning of the case
    2. Evaluation of the allegations or suspicions
    3. Conduct due diligence background checks e.g. Open Source Intelligence
    4. How to complete the initial stage of the investigation
    5. Check of predications and getting organised
    6. How to begin the external investigation stage
    7. How to ‘Follow the Money’, proving illicit payments
    8. Obtaining the cooperation of witnesses
    9. Interviewing process and requirements under PACE of the primary subject
    10. How to prepare the final report based on the results of the investigation, ‘Administrative sanction or criminal referral’
  7. The understanding of available powers to obtain vital evidence, making statements
  8. Practical scenarios – e.g. presenting a case in a courtroom