CFFE Module III
Workshop on Fraud Investigations and Prevention glossary
Every term this guide defines, A to Z, each with the chapter that teaches it. Open it when a word in a question is unfamiliar, and test yourself on it in the last week: cover the definition and say it in one sentence.
7 terms from the free first chapter
A
- AI-enabled deception
Deepfake audio/video and AI-generated content used in social engineering and impersonation schemes.
Taught in Current fraud and corruption trends
C
- Cross-border and organised fraud
Growth in fraud and corruption schemes coordinated across jurisdictions, straining domestic investigative and legal tools (covered in Law Related to Fraud, under the legal and justice challenges).
Taught in Current fraud and corruption trends
- Cryptocurrency and digital assets
New avenues for concealing proceeds of fraud and corruption, and for laundering illicit gains outside traditional banking channels.
Taught in Current fraud and corruption trends
D
- Digital and cyber-enabled fraud
Continued growth in phishing, business email compromise (covered in Fraud and Corruption Schemes, under cyber fraud) and ransomware, exploiting both technical weaknesses and human trust.
Taught in Current fraud and corruption trends
M
- Mobile money and payment system fraud
SIM-swap fraud, agent collusion and instant-payment schemes (covered in Fraud and Corruption Schemes, under payment system fraud), especially significant in Kenya's mobile-money-driven economy.
Taught in Current fraud and corruption trends
R
- Remote work and reduced oversight
Distributed teams and reduced in-person supervision widening opportunity for both occupational and collusive schemes.
Taught in Current fraud and corruption trends
S
- Sophisticated financial statement fraud
Increasing use of complex revenue-recognition structures, related-party transactions and non-standard performance metrics to obscure manipulation (covered in Fraud and Corruption Schemes, under trends in financial statement fraud).
Taught in Current fraud and corruption trends
The full glossary adds every term from the other 2 chapters, A to Z, each with the chapter that teaches it.