November December 2016 Iberian Lawyer | Page 22

Visión tridimensional Global Compliance Club The Forensic Defence: How to detect, prevent and respond to the risks of fraud and corruption in organisations? Corporate fraud is a global epidemic that has the power to significantly damage corporate reputation. It harms competition and causes economic losses that can mount up to thousands of millions of Euros per year 26th January, Madrid (9:00-11:00) There has been an increase in the number of fraudsters who have seen weaknesses in internal anti-fraud controls as an opportunity to commit offences. The use of technology and the refinement of the modus operandi are factors that influence incidents of fraud and corporate irregularities. The weakness of internal controls is, according to the report by KPMG Forensic, one of the factors that contributes to 61 per cent of the fraud cases committed globally. This highlights the scale of the challenge for many companies, especially those investing in high risk countries. It also emphasizes the potential benefits derived from tightening anti-fraud controls, especially in the areas of operation control and compliance. The study by KPMG also reveals a series of characteristics that typically make up the profile of the corporate fraudster. This session will gather corporate general counsels, compliance officers and criminal attorneys who will debate the best measures to detect, prevent and respond to corporate fraud. Topics to be discussed include: Leading panel Fernando Cuñado Partner KPMG Forensic Juan Arenas Director of investigations KPMG Forensic Juan Mazarredo Director of investigations KPMG Forensic 1. What are the most efficient processes to prevent fraud? 2. What should be taken into consideration when managing risk associated with possible corruption? 3. What are the dangers involved in investing in high risk countries from a forensic perspective? 4. How do you communicate ethical values inside and outside the company? How can we ensure that risks are not posed by an external third party? 5. How do you detect and rapidly respond to cases identified by companies? If you are interested in attending, please contact [email protected] Access the report here For more information about the KPMG Forensic report, Global Profiles of Fraudsters, an analysis of 750 cases of fraud examined in 78 countries, contact Juan Francisco Mazarredo Solis at [email protected] In collaboration with: 20 • IBERIAN LAWYER • November / December 2016 www.iberianlawyer.com