SIDC-MACFE FRAUD CONFERENCE 2025

Governance and Fraud Controls in Capital Market

This session sets the stage by examining the ACFE report, based on analysis of 60,000 cases, highlighting global trends in occupational fraud, revealing common schemes, perpetrators, and vulnerabilities in organisations.

• Review regulations specific to fraud prevention in Malaysia and internationally
• Emphasize the importance of board involvement in anti-fraud strategies and corporate governance
• Provide guidance on strengthening internal controls to detect and prevent fraud
• Discuss how ethical leadership drives a strong fraud governance culture
• Highlight significant local cases

Moderator
Maheswari Kanniah, CFE Board of Regents, ACFE & Executive Director and Group Chief Regulatory and Compliance Officer, Kenanga Investment Bank

Panellists
Ganesh Thuraisingam, Head, Asia Pacific & Middle East Development, ACFE
Weiyi Tan, CFE Partner, Investigation & Dispute Management Group, Clyde & Co.

Fraud Case Analysis and Lessons Learned

This session explores the fallout from governance failures and missed red flags in financial oversight.

• Examine local and regional fraud cases, understanding perpetrator profiles and fraudulent tactics
• Identify missed red flags in financial statements and governance processes
• Determine key takeaways and lessons learnt from fraud cases to improve oversight and accountability
• Discuss how similar cases can be avoided with strengthened governance and transparent auditing

Moderator
Zalily Mohamed Zaman Khan, CFE Vice President, MACFE & Chief Internal Auditor, FGV Holdings Berhad

Panellists
Raymon Ram, CFE, CAMS, Secretary General, Transparency International (Malaysia)

ACP Lee Ching Lai, Principal Assistant Director, Commercial Crime Investigation Department, Royal Malaysian Police

Sustainability Fraud – Emerging Risks in ESG

This session addresses issues such as greenwashing and false ESG claims.

• Analyze greenwashing tactics and false sustainability claims
• Examine real-world case studies of companies misrepresenting sustainable practices
• Evaluate the effectiveness of various frameworks for verifying ESG claims, including assessing the reliability
  of third-party audits and judging the adequacy of enhanced reporting standards
• Predict future regulatory trends and anticipate evolving expectations for increased transparency in ESG
  disclosures

Moderator
Mohd Khaidzir Shahari, CIA President, The Institute of Internal Auditors Malaysia

Panellists
Datin Seri Sunita Rajakumar, Independent Director, Petronas Chemicals Group Bhd

Julian Hashim, Chief Regulatory Officer, Bursa Malaysia

Building Synergies Between the Regulator and Private Sector, and Fraud Controls in Capital Market

This session will encourage dialogue on collaborative approaches to fraud prevention through data-sharing mechanisms, regulatory updates, and cross-sector partnerships for coordinated fraud mitigation.

• Analyze the synergistic impact of collaborative efforts on fraud detection and reporting capabilities
• Evaluate the implications of recent fraud-related regulatory changes and industry expectations on fraud prevention
• Create innovative approaches for institutions and regulators to establish transparent and secure channels for sharing fraud data
• Analyze the systemic barriers hindering effective collaboration and evaluate the efficacy of potential strategies to overcome them
• Analyze and evaluate global collaboration models in enhancing fraud awareness and prevention to identify best practices and potential areas for improvement

Panellists
Thomas Yap Tze Foh, Deputy General Manager, Investigation, Securities Commission Malaysia

Srithar Sriramulu, CFE General Manager, Investigation and Special Review, PETRONAS

Deepfake Technology – Challenges and Mitigation in Fraud Detection

This session highlights the growing threat of deepfake technology in financial fraud, covering how these tools are used for impersonation and deception.

• Analyze scenarios of deepfake creation and its implications in fraud
• Evaluate types of fraud where deepfakes pose significant risks, including impersonation and identity fraud
• Analyze software and AI solutions in detecting deepfakes
• Evaluate cases of deepfakes in the financial sector and their repercussions
• Create safeguard practices in deepfake-related fraud
• Examine how fraudsters take advantage of deepfake from retail and enterprise level perspective

Moderator
Robin Lee, General Manager, Asia Pacific, HAWK

Panellist
Dr. Sekar Jaganathan, Chief Business Officer, Digital Strategy Equity Business, Kenanga Investment Bank

Ts. Ahmad Dahari Jarno, Head, Malaysia Security Evaluation Facility (MySEF), Cybersecurity Malaysia

Case Study on Human Trafficking and Financial Fraud

This session explores red flags and best practices in detecting illicit financial flows linked to trafficking. Through a case study analysis, participants will gain insights into the complexities of financial crimes related to human trafficking and the role of financial institutions in identifying and reporting suspicious activity.

• Analyze an actual case in the Golden Triangle, deconstructing its detection and investigation processes
• Evaluate the methods used to launder illicit funds from human trafficking through financial systems
• Create a framework of indicators to identify trafficking-related financial transactions for banks and financial institutions
• Analyze the challenges in addressing human trafficking and financial fraud through policy and practice
• Evaluate best practices for institutions to identify and report human trafficking indicators in financial activities

Speaker
BC Tan, Managing Director and Co-Head of Southeast Asia – Investigations, Diligence and Compliance, Kroll