It is impossible to prevent all fraud, using historical case studies we look at identifying the riskiest structures and mitigating the risks in them.

We will analyse:

Funder fraud

• Benefits of the “4 eyes” principal

• Segregation of duties

Supplier / Dealer fraud

• Accessories

• Ghost assets

• Double or multiple funding

• Connected lending

• Billing and Collecting mandates

Leessee / Hirer fraud

• Sale & Leaseback

• Supplier Collusion

The role of Audit and Inspection vis a vis:

• SOT

• ghost assets

• multiple funding of the same assets

• Annual reviews

• Credit appetite

Reporting

• Portfolio performance by finance product and supplier