Introduction

The oil and gas industry is particularly vulnerable to fraud, corruption, financial crime, and asset misappropriation due to the scale of operations, complex supply chains, significant financial transactions, and multi-jurisdictional business activities. Effective fraud prevention and detection require specialised investigative skills, strong governance frameworks, and a proactive approach to identifying emerging risks.

The Fraud Detection, Tracing and Forensic Examination in the Oil and Gas Industry training course provides participants with practical knowledge and investigative methodologies to detect fraudulent activities, trace illicit financial transactions, and conduct forensic examinations of both digital and physical evidence. The training course explores key fraud risks facing the sector, including corruption, bribery, money laundering, insider dealing, and operational misconduct.

Through real-world case studies, simulations, and practical exercises, participants learn how to strengthen fraud controls, support regulatory compliance, and conduct effective investigations that protect organisational assets and reputation.

Key focus areas include:

Key Learning Outcomes

At the end of this Fraud Detection, Tracing and Forensic Examination in the Oil and Gas Industry training course, participants will be able to:

Training Methodology

This training course combines expert-led instruction with practical exercises, investigative simulations, case study analysis, and collaborative discussions. Participants engage in realistic fraud scenarios to develop investigative skills, apply forensic techniques, and strengthen their ability to identify, assess, and respond to fraud-related risks within oil and gas organisations.

Fraud Detection, Tracing and Forensic Examination in the Oil and Gas Industry

Who Should Attend?

This Fraud Detection, Tracing and Forensic Examination in the Oil and Gas Industry training course is designed for:

  • Lead Auditors
  • Fraud Investigators
  • Internal Audit Professionals
  • Compliance and Ethics Officers
  • Anti-Corruption and Anti-Bribery Personnel
  • Risk Management Professionals
  • Governance and Assurance Specialists
  • Managers seeking greater understanding of fraud prevention and financial crime controls

Course Outline

Day 1

Financial Crimes

  • Money Laundering Laws
  • Preventing Fraud
  • Market Abuse and Insider Dealing
  • The Risk-based Approach to Money Laundering / Terrorist Financing
  • Identifying High-risk Indicators - Understand what to do with the information and whom to escalate it to
  • Suspicious Activity Reports (SARs)
  • Sanctions
Day 2

Fraud Investigation

  • Managing the Investigation
  • Interviewing Suspects
  • Interviewing Witnesses
  • Evidence gathering
  • Communicating the Results
Day 3

An Introduction and Current Trends in Corruption and Bribery

  • Principal types of Corruption and Bribery within Oil and Gas Industry
  • Asset Misappropriation
  • Understanding human behaviour and decision to steal
  • Worldwide Trends in Corruption and Bribery
  • Corruption Statistics
Day 4

The Foundations of Operational Risk Management within Oil and Gas Industry

  • What is Risk and Operational Risk Management?
  • The Benefits of Operational Risk Management
  • The Operational Risk Management Framework
  • The 6-step Operational Risk Management Cycle
  • Enterprise Risk Management
  • Risk Identification Process
  • Risk Management Principles and Standards
  • Risk Assessment
Day 5

Governance, Risk Management and Compliance

  • Concepts of the Model of 'Governance', 'Risk' and 'Compliance' (GRC) in the gas and Oil sector
  • Principles of Governance, Risk and Compliance
  • Governance, Risk Management and Compliance Roles and Responsibilities
  • Governance, Risk Management and Compliance Integrated Approaches and their Key Enablers 
  • Role and Responsibilities of Board and Committees
  • Selective Best Practices
  • Building an Effective Model of Governance, Risk and Compliance for the Oil and Gas industry

International Standards & Professional Alignment

Our training courses are aligned with internationally recognised professional standards and frameworks across leadership, strategy, finance, governance, risk, compliance, and audit. By integrating globally trusted models, we ensure learners develop practical, relevant, and industry-recognised capabilities.

Our trainings draw on leading international standards and professional frameworks, including ISO, ISACA, COSO, OECD, IIA, FATF, Basel, IFRS/ISSB, GRI, NIST, CPD, ILM and the OECD AI Principles. This alignment ensures consistency with global best practices across financial management, risk oversight, digital governance, sustainability, and strategic decision-making..

Designed in alignment with globally recognised professional bodies, our courses support continuous professional development, strengthen organisational capability, and provide clear pathways toward professional certifications valued worldwide.

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