2 - 4 September
Johannesburg, South Africa

Overview


As an investigator, accountant, auditor, consultant, banker, lawyer, or fraud examiner, how would you win the chess match between you and the fraudster? Would you build an internal control system that would make it difficult to steal? Would you take cases to court in an attempt to legally punish the fraudster? Would you hire the best investigators, consultants, and fraud examiners to guide you on how best to protect your assets? Have you ever thought about using artificial intelligence and machine learning to proactively detect the fraudster before he/she can steal? No matter how you answered those questions, you will never be able to build or design any internal control system that will stop a fraudster from stealing. Whether it be punishment, social outrage, or termination, nothing seems to deter people from stealing. In the latest financial crime research, it has been determined that the reason most people steal…..is because they can.

The corporate surveys done by psychologists Robert Hare and Paul Babiak, up to 25% of executives in an organization score a percentage highly on psychopathic tests. When pursuing fraud matters with individuals such as this, you had better be prepared because psychopaths can exploit even the slightest of weaknesses. Michael Bret Hood, during his FBI career, has sat across from psychopathic fraudsters and the lessons he learned will be delivered to you so that you can become a better interviewer, a more complete investigator, and able develop a complete understanding of human behavior.

In addition, you will learn the latest strategies that are being incorporated by organizations to combat fraud in the digital age, to include the different kinds of machine learning, the different applications of artificial intelligence, and how predictive analytics is starting to play a role in addressing fraud before it occurs. Just like human beings, fraud comes in many shapes and many forms. As someone who is interested in fraud, preparation is an all-consuming task. Even as you read this, there is someone inside your organization who is about to commit a fraud and chances are, you will not be able to stop them unless you understand how the brain works. Sun-Tzu, the great general, once said, “It is more important to outthink your enemy, than to outfight him.”

Fraud Trends in the Business World:

  • The use of credit cards and mobile phones is increasing the rate of fraud because of the psychological distance between the method of purchase and actual cash.
  • The new generations are showing 40% lower levels of empathy for others than when measured 30-40 years prior.
  • Narcissism & psychopathy have been measured among the general population at all-time highs.
  • Asset misappropriation and corruption are the most common frauds in sub-Saharan Africa according to the ACFE’s Occupational Fraud report.
  • The rates of fraud in business are increasing exponentially with the median loss to African businesses and governmental entities over $200,000 U.S.
  • Sub-Saharan African governmental entities’ median loss from fraud was $640,000.
  • African companies are suffering fraud at higher average loss rates than similar U.S. businesses according to the 2018 ACFE Occupational Fraud report.
  • The digital age is connecting the world in ways where fraudsters can operate in relative freedom.
  • Machine learning is being deployed in coordination with fraud teams in order to prevent and detect fraud at earlier stages, but it certainly hasn’t been foolproof.
  • Law enforcement, prosecutors, and government are struggling to keep up with the rapid technological advancements of today’s age.
  • Executives are more likely to commit and participate in fraud when compared to the past and the losses are bankrupting organizations.

As you can see, fraud is alive and well in the digital age. Every day, you can see news where yet another organization was victimized by one of their employees or an outsider who managed to compromise internal systems and protections. It seems that the cat and mouse game between those trying to steal and those trying to catch them will be a never-ending war. Yet is it possible that our approaches to combatting the fraudster have been incomplete? Most people, when asked, believe that the best way to prevent fraud from occurring is to decrease opportunity, but is that the correct answer? What if you could interfere with the fraudster’s mind before he/she makes the choice to steal? Could that be a better approach?

In this Master Class Training, Michael Bret Hood, a 25-year veteran FBI Special Agent, will take you deep inside the criminal mind so that you can understand how the brain works when fraud and other crimes are committed. The latest scientific research has offered us a new way to look at our controls and systems. No longer should we be limited by defining our efforts to block opportunity. Rather, we should also be addressing both the motivational and rationalization processes.

In this course, we will discuss how most of our decisions are made automatically. We will discuss how ethics can be circumvented both by the things we have been taught and by how we perceive others as well as organizational processes.

Key Learning & Take Away for Participation:

  • Build an internal control system that not only addresses opportunity, but also rationalization and motivation.
  • Proactively interfere with a fraudster’s rationalization processes.
  • Utilize techniques to increase cognitive dissonance (stress in the brain) in the fraudster
  • Assess the impact of organizational culture on fraud
  • Evaluate methods to create social norms as part of an internal control structure designed to prevent fraud
  • Evaluate how best to interact with corporate psychopaths.
  • Develop best practices to understand and respond to whistleblower needs during an investigation or examination.
  • Design interviews to enhance your ability to obtain truthful confessions.

Course Leader

Michael “Bret” Hood

Financial Crimes, Ethics, Money Laundering and Leadership Expert with 25 years’ experience in the Federal Bureau of Investigation.

A preview of Mr. Michael Bret Hood’s celebrated career

  • Financial Crimes, Ethics, Money Laundering and Leadership Expert with 25 years’ experience in the Federal Bureau of Investigation (FBI)
  • Worked on some of the most infamous cases in American history to include 9/11, the Oklahoma City Bombing and the multi-billion-dollar HealthSouth fraud case.
  • Adviser at the FBI’s National Academy.
  • Led over 50 United States government delegations to foreign countries and accepted as an Adjunct Professor of leadership for the University of Virginia.
  • Instructed and created blocks of instruction on a range of topics to include forensic accounting, executive leadership, crisis management, Foreign Corrupt Practices Act, money laundering and anti-bribery compliance programs.
  • Qualified as a financial crimes and money-laundering expert in the Middle District of Florida as well as the Eastern District of Missouri.
  • Four-time winner of the United States Attorney’s Office Special Agent of the Year award for his work in financial crime and money laundering.
  • Two commendations from the FBI Director for Leadership and Innovation.

During his career, Bret has worked on some of the most infamous cases in American history to include 9/11, the Oklahoma City Bombing and the multi-billion dollar HealthSouth fraud case. Because of his experience, Mr. Michael Bret Hood chosen to be an adviser when the FBI created their executive leadership development programs as well as leadership instructor at the FBI’s National Academy.

Mr. Michael Bret Hood has led over 50 United States government delegations to foreign countries and accepted as an Adjunct Professor of leadership for the University of Virginia. He has instructed and created blocks of instruction on a range of topics to include forensic accounting, executive leadership, crisis management, Foreign Corrupt Practices Act, money laundering and anti-bribery compliance programs. Some of the venues in which Bret has instructed include the National Executive Institute, the Association of Certified Fraud Examiner’s Global Fraud Conference, the University of South Florida, Florida Gulf Coast University, Florida Institute of CPAs, the Malaysian Federal Reserve, regional/international law enforcement executive development seminars as well as International Law Enforcement Academies in Hungary, Dubai and Botswana.

Mr. Michael Bret Hood has been qualified as a financial crimes and money-laundering expert in the Middle District of Florida as well as the Eastern District of Missouri. He is a four-time winner of the United States Attorney’s Office Special Agent of the Year award for his work in financial crime and money laundering. In addition, Mr. Michael Bret Hood has received two commendations from the FBI Director for Leadership and Innovation.

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