Investigate - How to run a successful fraud investigation?

Investigate - An interactive PwC simulation

Take on the role of investigator and experience a business crisis first-hand.

The ever evolving global regulatory landscape is a constant challenge for all organisations. Increased activity by law enforcement bodies, government agencies and regulators means that organisations can face the intense scrutiny of an investigation, with no warning, and with huge reputational consequences.

The need for an effective compliance programme, appropriate culture and behaviours, and to react decisively in the right way when things go wrong can be vital to an organisation’s survival.

The present course will pose and help answer the following question:

• How would you react to a dawn raid, or a serious whistleblower allegation? The regulator is in the building, what do you do?

By the end of the course, participants will be able to:

• explain how different forms of financial crime are connected and why they should be considered holistically;
• understand the different national, EU and international requirements (both current and upcoming);
• discuss the elements of standard anti-fraud management system;
• identify the steps to implement an anti-fraud management system in their organisation.

• An "Investigate" session involves playing the simulation in a workshop with teams of up to four people, facilitated by experienced PwC Forensic investigators.
• Dive into "Investigate" and experience a realistic simulation of a regulatory crisis. Live how an investigation unfolds in a time pressured environment, the decisions that need to be made along the way, and the sources of evidence at participants' disposal as they build their understanding of the case.
• Search e-mails, interview suspects, analyse data and make real time decisions to compile evidence and identify the suspects. At the time of the report submission, find out how well the team performed!
• Access to a web-based investigations dashboard, and work in groups to help the company’s board understand whether fraud has taken place, and who was involved.
• Experience a competition between groups to undertake the best investigation and observing the other groups' approach. Submit the group report and find out the performance of the others.

This training is coordinated by Michael Weis, Partner at PwC Luxembourg.

Michael, Financial Crime Leader and Partner in the forensic services, gained extensive knowledge in the investment management and banking industries.

As a key member of the internal controls practice of PwC, Michael specialises in the review of internal controls in the context of SAS 70 reviews and controls reports. He is the manager of various high-profile client assignments on internal controls reports and on Anti-Money-Laundering (AML) in the investment management industry.

Within PwC, Michael takes a key role in the AML taskforce and on internal controls work for the prevention of financial crime. He is coordinating the PwC’s Academy's “Fight against financial crime” leading training programmes that regularly involve international subject matter experts (e.g. transparency international, UN Security Council, FATF, SCPC, FSA, CSSF etc.).

Through his professional qualifications he specialises in compliance related topics such as internal controls frameworks, fraud prevention/investigation and AML.