Amberfield Group Hold Anti-Fraud Seminar

Tokyo, Japan, December 10, 2015 (Newswire.com) - Amberfield Group have held an in-house seminar on Friday 6th December 2015 concerning fraud risk management and how to combat the ever-growing illicit problems encountered in the financial industry.

The seminar was in aid of Amberfield’s global client base, many of whom were in attendance that evening. Among the many topics of discussion, the prevalent ones were Defining Fraud and Misconduct, Developing a Strategy for Prevention, Detection and Finding a Response.

While acknowledging that no single approach to fraud risk management can fit every organisations requirements, this seminar highlights various key practices that clients have found to be effective when tailoring an anti-fraud program, and offers a strategic approach to aligning corporate values with anti-fraud strategies.

An effective fraud risk management strategy’s purpose consists of three fundamental processes. Prevention should be the main focus, so implementing controls to reduce or eliminate fraud from occurring is paramount. If fraud or misconduct does happen you need to be able to detect it in a timely manner, so having a system in place to monitor activities is also very important. Lastly, you need to be able to respond to any fraudulent attack. You must prepare a scheme to take corrective action and remedy any harm that has been caused. The challenge for companies is to develop an approach that is bespoke to their industry’s requirements.

Amberfield Group is an investment and asset management firm dedicated to providing ethical & transparent financial advice, investment services and structured products to Institutional & Private investors around the world.