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Anti Fraud Certifications in India

Risk Management Certifications

Indiaforensic started its first certification in the year 2005. With a nationally recognized Indiaforensic certifications, you hold the power to move ahead in your career, increase your earning potential and add value to any enterprise. We at Indiaforensic offer 7 different certifications in forensic accounting and compliance.

RISKPRO@10March’ 2018 is the Month of Decade celebration and we are offering surprise discounts to all aspirants who are taking admissions for the certification programs. Use the coupon code Riskpro@10 for any admissions during this month.

Indiaforensic offers the following certifications.

Certified Forensic Accounting Professional

The CFAP certification is world-renowned as the standard of achievement for those who audit, control, monitor and assess frauds in the organisation. 7 years after the introduction, CFAP is among the most sought-after and highest-paying Forensic Accounting certification. As the fraud emerge the complexities grow and changing trends change the syllabus for different industrial sectors. CFAP is customised for three different Industries viz.

CFAP has become the undoubted leader in the Certifications in forensic accounting domain.

Certified Anti Money Laundering ExpertCertified Anti Money Laundering Expert (AML Compliance)

The compliance-focused CAME is the globally accepted standard for individuals who work in the domain of Client-On-Boarding, KYC, Compliance and Suspicious Transaction Identification. CAME is the leading credential for Anti Money Laundering Professionals. CAME is one of the hottest certifications in the Compliance Domain

APPLICATION FORM | APPEAR FOR FINAL EXAM

Certified Bank Forensic Accountant (CBFA)

CBFA recognizes banking professionals for their knowledge and application of banking frauds. CBFA provides you the credibility to discuss critical issues around loan frauds, bank forensic and technology frauds such as credit card frauds based on your recognized skills, knowledge and business experience.

APPLICATION FORM | APPEAR FOR FINAL EXAM

Certified M&A Expert

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This program was originally started in 2014 and was endorsed by the Solapur University. Certified M&A Expert is the person who has undergone the training to complete the deal making and advisory. This program is offered under the banner of Riskpro Advisors LLP which is a leading firm in M&A Advisory.

In order to differentiate the Certified M&A Experts from the various other certifications, we offer bouquet of benefits and flexibility to the potential M&A Experts. Our members need to be up-to-date with the global developments on various acts related to the mergers and acquisition domain.

Certified M&A Expert program emphasize on a passing level of 75%. The examination is Multiple Choice Questions. It focus more on the understanding various deal structuring methods and real life case studies rather than compliance.

Syllabus of CMAE

Though the focus of this program in on performing effective due diligence on the promoters background. This course also discuss

  • Deal types: What are the different types of transactions that you can use in M&A? There is a whole range of deal types and deal continuum that we look at, e.g. the full spectrum from minority stakes to full acquisitions, various ways to arrange a merger, leveraged buy outs (LBOs), initial public offerings (IPOs), divestitures, spin-offs, equity carve-outs-
  • M&A Process: The program covers both perspectives from a buyer’s perspective (buy side) and from a seller’s perspective (sell-side). We explore how to seek buyers or potential targets (long list & short list) and how to run a sale in various ways (negotiations and auctions).
  • Strategies for M&A: We dive into the strategies for Mergers & Acquisitions. How can you create competitive advantage through M&A, divestitures and equity alliance?
  • M&A Negotiation: How can you prepare for the negotiation phase? What are ways to arrange a value creating deal?
  • Introduction to Due Diligence: How do you prepare for and execute a smart Due Diligence to assure value creation? What are the different areas that can be covered in the Due Diligence process?
  • Success Factors in Transactions: We explore the success factors and key challenges and mistakes to avoid. Which M&A tactics work in which industries?
  • Takeover Strategies and Defense Tactics: How can you prepare your company against a hostile takeover attempt and reduce potential threats? Which are the defense mechanisms that you can put into place and how effective are they? Which ways exist to acquire a business successfully in a hostile way?

In order to register for this course please feel free to contact Rajendra Kumar on +919766594401

Why AML Certification is Essential ?

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AML Certifications are the backbone of the everchanging spectrum of the services offered by the compliance professionals across the banks.


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Certified Stock Market Forensic Accountant (CSMFA)

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Riskpro Technology compiles, analyse and research the actions of the stock market regulator, SEBI establish the nexus between the various stock market violators. It creates different analytical reports on the subject of Stock Market Frauds

Certified Stock Market Forensic Accountant (CSMFP) is the specialisation of Forensic Accounting certifications developed by Riskpro. Typically, the Certified Stock Market Frauds professional  is a arbitrator, investor, broker, trader, regulator or a merchant banker or any investment professional or Information Technology consultant who has undergone training to become an expert in the stock market frauds domain, forensic auditing related to financial and capital market sector, litigation support and investigative accounting.Certified Stock Market Frauds Professional is the specialisation of Forensic Accounting certifications customised by Riskpro.

Who is CSMFA ?Typically, the Certified Stock Market Frauds professional is a arbitrator, investor, broker, trader, regulator or a merchant banker or any investment professional or Information Technology consultant who has undergone training to become an expert in the stock market frauds domain, forensic auditing related to financial and capital market sector, litigation support and investigative accounting.

This certification program is one of the foremost certification focusing on the capital market frauds domain .

Certified Stock Market Forensic Accountant

Certified Forensic Accounting Professional is a designation designed and marketed by Indiaforensic Center of Studies. Stock Market Frauds is the third specialisation under the Certified Forensic Accounting Professional course after the Information Technology and Insurance specialisation. This is a useful certification for the professionals looking to understand the gamut of the stock market frauds in the financial sector. Stock market frauds classification covers the frauds in the primary markets ex: Prospectus frauds, IPO frauds and secondary market frauds like Dabba Trading and synchronised trading.

Syllabus for this program is

  1. Classification of Stock market frauds
  2. Global case studies on the stock market frauds
  3. Insider trading and laws
  4. IPO Scams
  5. Frauds by the promoters

Some of the techniques of stock market frauds are scalping, parking or churning which are discussed here in this study material. This material also discuss the Mauritius treaty and its impact on the stock markets and have covered the basics of laundering in stock markets.

Download the Application form for the Certified Stock Market Frauds Professional (CSMFP). After making the payment online, kindly send the completed application form to the office of Indiaforensic.

The list above is just illustrative and there are 8 chapters which discuss the stock market frauds in depth. For more information on this certification program please contact us on +91-9766594401 or write to us on contactus@riskpro.co.in

http://riskpro.co.in/shop/certified-members/certified-stock-market-frauds-professional-2/

Certified Vigilance and Investigation Expert

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Vigilance is no more a punitive function, it is evolving and so are we. One of the core functions of vigilance is to have fraud control which contributes significantly to the growth of the business.

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Many organizations have gone ahead and have started separate function to control to frauds. The change is towards preventive and proactive vigilance. In order to prevent the frauds it is essential that the companies understand the warning signals of the frauds. A research conducted by Indiaforensic in year 2008 is an exhaustive composition of all such warning signals or the red flags in the corporate environment to commit the frauds.

In order to prevent the frauds it is essential that the companies understand the warning signals of the frauds. A research conducted by Indiaforensic in year 2008 is an exhaustive composition of all such warning signals or the red flags in the corporate environment to commit the frauds. This research is the core competency of Certified Vigilance and Investigation Expert program, which is the composite program for the vigilance officers across the country.

Certified Vigilance and Investigation Expert program is divided in three aspects

  1. Corporate frauds
  2. Bank Frauds
  3. Anti-Money Laundering

The Certification in Bank Forensic Accounting builds on the skills acquired in the Graduate certificate by introducing a global/international focus and specialized areas including banking, police, transnational fraud, financial terrorism and eCommerce.
On completion of the course participants will gain the skills to:

  • Identify indicators of fraudulent activities
  • Undertake forensic analysis and assessment of risk factors
  • Predict/anticipate fraud
  • Analytical skills will involve:
  • Investigative methods
  • Analysis of financial information
  • Systems methodology for investigation
  • Statistical techniques

Eligibility for CVIE

Vigilance officers can be certified by only taking the examination. Any member who fulfils the following criterion is eligible for the certification

  1. Is a graduate from recognized university in India
  2. Has completed two years in the vigilance or audit or fraud control or forensics
  3. Any person meeting this criterion can give the examination of CVIE.

There is no honorary certification or waiver of the examination for the vigilance officers. However, we salute the recognition of the Central Vigilance officers.

Reaching the position of the Chief Vigilance officer is an achievement in itself. Chief Vigilance officers whose names appear on the websites of the organizations / PSUs/ Banks are eligible for the waiver of the examination. The members who are working in the public/private sector or wish to make their career in vigilance or investigation sector can apply for the certification.

Please provide following documents along with the application form

  • Self attested Application form duly filled up
  • Copies of Graduation certificates
  • Experience letter from the supervisor/ colleague
  • Please affix a photograph on the application form
  • Examination Application form for Certified Vigilance and Investigation Expert FORM.

If you donot meet the above criterion but are curious to take up the examination please write to us at khimanshu@fraudexpress.com with your specific questions, comments and feedback.

Syllabus for CVIE

Certification in Vigilance and Investigation emphasize a forensic rather than a control-based or risk management approach to the analysis of governance and the possibility of fraud. This program also helps the Vigilance officers in the preventive vigilance. The scope and content of all subjects extend well beyond ‘narrow’ focus of fraud prevention and provide an opportunity to study and acquire skills in investigative techniques and the collection of data as well as the skills necessary to not only identify poor management but also unethical and fraudulent activities.
This is probably the first certification in the vigilance and investigation in India and covers following chapters primarily.

  • Frauds in Advances or the traditional frauds in India
  • Technology related frauds in India
  • Money Laundering techniques
  • Frauds related Negotiable instruments
  • Legal provisions that deal with the frauds in India
  • Tools to investigate the frauds
  • Drafting the fraud policies
  • Case studies on the bank frauds
  • Research on Early warning signals of corporate frauds

The above syllabus is updated frequently based on the new trends and developments in banking industry and the banking frauds. The specially designed 600 + pages banking frauds manual is provided to the participants who register for the Certification in the forensic accounting.

Program Fees

Fees for this program are Rs.35000 for the Vigilance officers in India or US$ 575. This includes the cost of the certificate, study material, access to the resource website and the examination password.

CFAP for Insurance Professionals

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Certified Forensic Accounting Professional is the premier certification in India in the antifraud domain. Certified Forensic Accounting Professional (Insurance) is a person who has successfully completed the examination conducted by Indiaforensic Center of Studies to become an expert in the field of forensic accounting, forensic auditing, litigation support and investigative accounting with the specialisation in the Insurance domain.

Certified Forensic Accounting Professional (Insurance) is a designation awarded by Indiaforensic Center of Studies and moderated by the Forensic Accounting Research Foundation. The Forensic Accounting Research Foundation is a member-based Indian organisation dedicated to providing forensic accounting and forensic auditing education and training with presence in more than 7 countries including Nigeria, Oman, Qatar, UAE, Uganda and others. Certified Forensic Accounting Professional is the program designed to equip the Insurance professionals and the antifraud professionals to effectively fight the Insurance sector frauds. Participants will be given a broad-based introduction to the nature and purpose of forensic accounting. The scope and content of all subjects extend well beyond ‘narrow’ focus of fraud prevention and provide an opportunity to study and acquire skills in investigative techniques and the collection of data as well as the skills necessary to not only identify poor management but also unethical and fraudulent activities.

Manual on Insurance Frauds, which classifies the Insurance sector Frauds in Indian insurance companies is the key learning aspect of this program. In addition the participants also get to learn the Red flags of the various insurance fraud schemes based on the theme that frauds are committed in “Life Insurance” or “Non-life insurance”. This certification covers both these sectors of Insurance. Additionally, the study material designed for the course also discuss the methods for prevention, detection and investigation of the frauds in the Indian insurance sector

CPE Compliance:
Certified Forensic Accounting Professional degree is a certification offered by Indiaforensic Center of Studies to those professionals who have scored atleast 75% in the examinations conducted by Indiaforensic Center of Studies. All the professionals completing the examination after 31.12.2012 are governed by the CPE norms. Every CFAP needs to undergo the training of 20 hours to maintain the professional certification.

To Summarise, professional can be termed as Certified Forensic Accounting Professional:

  1. When he successfully completes the examination
  2. Abides by the by-laws and code of conduct of Indiaforensic Center of Studies
  3. Completes 20 CPE hours every year
  4. Be of a high moral character