Fraud training for home affairs staff

| 03/04/2016 | 8 Comments

Cayman News Service(CNS): Accounting and management staff responsible for managing public funds Ministry of Home Affairs will attend fraud prevention and detection training over the next two weeks. According to the ministry, 29 staff members will learn to perform comprehensive fraud risk assessments; and to detect a wide variety of internal fraud and corruption. This includes but is not limited to purchasing and acquisition fraud, payroll fraud, check fraud, reporting fraud, and abuse of company assets.

Attendees will also learn how to effectively investigate suspicions of internal fraud or abuse to support recovery of loss. Advanced interviewing techniques, possible termination or disciplinary proceedings, and potential prosecution are on the curriculum.

The ministry’s finance team organised the training and Chief Financial Officer Vinton Chinsee made the arrangements with Florida-based company, Certified Tech Trainers at the start of the year.

“We believe it is critical to equip our staff with the latest techniques to manage fraud. While we cannot completely eliminate the risk, I anticipate this training will help to strengthen our corporate governance framework and thus mitigate the risk of organisational fraud,” Chinsee remarked.

The training will take place from Monday 3 April until Friday 15 April and will consist of two one week sessions.

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Category: Crime, Crime Prevention

Comments (8)

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  1. Anonymous says:

    Is this not what the Financial Crimes Unit are for? As you say earlier, waste of money bringing in people from the US. And for some, it’s a little late.

  2. Anonymous says:

    Why in the world could this not have been offered locally with all the accountant firms in Cayman specializing in Fraud! I CAN THINK OF THREE COMPANIES RIGHT NOW.

  3. Anonymous says:

    I think there is enough fraud here without training more in the CS how to do it.

  4. Diogenes says:

    Does it include dealing with ” requests” from government ministers to sign contracts or make payments that are completely inappropriate?

  5. Anonymous says:

    Was there no local provider? I can think of a number of accounting firms…was CISPA was approached?

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