Case Studies: Wirecard's reluctant whistleblower and other financial deceptions

Oct 2024

9:00 am - 5:30 pm

Malaysia International Trade And Exhibition Centre ( MITEC)

Registration closing date is 3 business days before the programme date or when all seats are fully taken. The listed price is intended for Malaysian participants only. If you are a non-Malaysian, we kindly request you to reach out to us at sales@sidc.com.my for further information.

HRD Corp
Claimable

10 CPE

HRD Corp Registered Course/Programme No.: 10001455406

Case Studies: Wirecard's reluctant whistleblower and other financial deceptions

The Wirecard scandal, one of the largest financial frauds in recent history, unraveled a complex web of deceit, corruption, and corporate misconduct. At the heart of this scandal lies the story of a reluctant whistleblower, an individual who, despite facing significant personal and professional risks, chose to expose the truth. The story of the reluctant whistleblower in the Wirecard scandal highlights the need for robust protections and support systems for individuals who risk their livelihoods to expose wrongdoing. The reluctant whistleblower’s bravery not only brought justice to those involved in the fraud but also served as a powerful reminder of the impact one individual can have in the fight against corruption. Additionally, the incidence of false or misleading financial statements is growing, underscoring the need for regular reminders about the importance of detecting such inaccuracies, as well as the potential penalties and consequences.

Programme Delivery

Programme Objective

This programme is designed to provide participants with insights into Wirecard’s fraudulent practices and the critical role whistleblowers play in maintaining corporate accountability as well as how misleading financial statements impact business organisations.

Mode

Physical

Target Audience

Individual

Directors, C-Suites, Legal Professionals, Compliance Officers, Risk Management Officers, Internal Auditors, Governance Officers, Professionals undertaking corporate advisory work, academia who are interested to keep abreast on capital market regulations, market conduct and practices.

Institutions

Capital Market Intermediaries, Public Listed Companies (PLs), Regulatory and Supervisory Bodies.

Learning Outcomes

Upon completion of this programme, the participants will be able to:

Analyse the whistleblower’s actions, motivations, as well as the challenges and implications faced arising from Wirecard scandal
Discuss key lessons from Wirecard scandal that can be applied to enhance corporate governance structures and improve protections for whistleblowers.
Discuss the laws and regulations related to market misconduct, the enforcement process, penalties and the disciplinary actions imposed by the regulators and its impact to organisations.

Competencies

Core – Risk Management (Proficiency Level 3)
Core–Corporate Governance (Proficiency Level 3)
Functional (Process) – Compliance (Proficiency Level 3)
Foundational (Regulatory)–Anti-Money Laundering (Proficiency Level 3)

Programme Outline

9.00 am	The Case of Wirecard Scandal Timeline of events leading to the exposure of the fraud What were the key factors that allowed the Wirecard fraud to go undetected for so long? What role did the whistleblowers play in uncovering the scandal Steps taken to uncover and report the fraud
10.45 am	Coffee Break
11.00 am	The Wirecard Saga: Key Lessons for Corporate Governance Challenges and risks faced by the whistleblower Consequences for Wirecard and its stakeholders How did the company and regulatory bodies respond to the whistleblowers? What lessons can be learned to improve corporate governance and whistleblower protection Analysis of the aftermath: legal actions, company collapse, and regulatory change Speaker: Pav Gill
12.00 pm	Exclusive Q&A with Pav – No Holds Barred
12.30 pm	Lunch
2.00 pm	Vizione Holdings: Financial Reporting Deviations and Misreporting in Corporate Disclosures Chronological of the case Analysis of the offences and summary of charges Legal penalties Consequences of errant corporate disclosures and deviation of financial results A Cautionary Tale: Trive Property Group Berhad’s Accounting Mishaps Chronological of the case Analysis of the offence and summary of the charges Legal penalties Consequences of failure to comply with approved accounting standards in financial reporting
3.30 pm	Break
3.45 pm	The Case of Gan Boon Aun and Transmile Group Bhd – From High Court to Appeal Chronological of the case Analysis of the offence and summary of the charges Legal Proceedings: From Sessions Court to Court of Appeal Consequences of misleading financial statements on the company and stakeholders Role of the Securities Commission and legal standing in appeals Accountability in Action: The Transmile Case Chronological of the case Analysis of the offence and summary of the charges Legal Proceedings: From Sessions Court to Court of Appeal Case Facts and Proceedings: Legal penalties Consequences of misleading disclosures on the company and stakeholders Speaker: Lee Min Onn
5.30 pm	End of Programme

About the Speaker

Pav Gill

Founder & CEO, Confide Platform (Singapore)

Pav Gill

Founder & CEO, Confide Platform (Singapore)

Lee Min On

Corporate Governance Advocate and Practitioner

Lee Min On

Corporate Governance Advocate and Practitioner

Case Studies: Wirecard’s reluctant whistleblower and other financial deceptions

Innovation

9:00 am - 5:30 pm

Malaysia International Trade And Exhibition Centre ( MITEC)

MYR 1200-1800 *Fee is not inclusive of 8% SST

HRD Corp Registered Course/Programme No.: 10001455406

Case Studies: Wirecard's reluctant whistleblower and other financial deceptions

Programme Delivery

Programme Objective

Mode

Target Audience

Learning Outcomes

Competencies

Programme Outline

About the Speaker

About the Speaker

Pav Gill

Pav Gill

Lee Min On

Lee Min On

*The SIDC reserves the right to amend the programme as deemed appropriate without prior notice

Securities Commission Licensing Examination AM

Securities Commission Licensing Examination AM

Securities Commission Licensing Examination PM

Securities Commission Licensing Examination PM

Familiarisation Programme AM

Familiarisation Programme AM

CUSTOMISE A PROGRAMME

TALK TO US

If you have any questions,
our dedicated team of specialists is here to help you

Case Studies: Wirecard’s reluctant whistleblower and other financial deceptions

Innovation

9:00 am - 5:30 pm

Malaysia International Trade And Exhibition Centre ( MITEC)

MYR 1200-1800 *Fee is not inclusive of 8% SST

HRD Corp Registered Course/Programme No.: 10001455406

Case Studies: Wirecard's reluctant whistleblower and other financial deceptions

Programme Delivery

Programme Objective

Mode

Target Audience

Learning Outcomes

Competencies

Programme Outline

About the Speaker

About the Speaker

Pav Gill

Pav Gill

Lee Min On

Lee Min On

*The SIDC reserves the right to amend the programme as deemed appropriate without prior notice

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Securities Commission Licensing Examination AM

Securities Commission Licensing Examination AM

Securities Commission Licensing Examination PM

Securities Commission Licensing Examination PM

Familiarisation Programme AM

Familiarisation Programme AM

CUSTOMISE A PROGRAMME

TALK TO US

If you have any questions, our dedicated team of specialists is here to help you

If you have any questions,
our dedicated team of specialists is here to help you