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Santiago de Chile, April 4, 2014

Risk Management: Preventing fraud. ¿What are the central securities depositories doing to mitigate this risk?. Santiago de Chile, April 4, 2014. Contextualization ¿What is fraud? ¿Who is the typical fraudster? Cost of the fraud Risk of fraud in the industry

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Santiago de Chile, April 4, 2014

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  1. Risk Management: Preventing fraud.¿What are the central securities depositories doing to mitigate this risk? Santiago de Chile, April 4, 2014

  2. Contextualization ¿What is fraud? ¿Who is the typical fraudster? Cost of the fraud Risk of fraud in the industry Kinds of fraud the industry is facing Industry-specific risk Mitigating these risks Fraud management system Prevention, detection and response mechanisms Content

  3. ¿What is fraud? Generally, fraud is described as a deliberate act of abuse of trust, taking advantage of swindles, it is done for profit without the consent of the concerned company.

  4. Profile of the typical banking and financial sector fraudster

  5. Economic damage caused by fraudulent activities The damage caused by financial fraud amount to 3.5 trillion USD globally. The main reason of impact in the financial industry is given by:

  6. . Most common kinds of fraud Typically, in the financial industry fraud committed by:

  7. Irregularities related to theft of money using invoices Robbing moneyusing invoices

  8. Irregularities related to fraudulent disbursements Fraudulent Disbursements

  9. Irregularitiesrelatedtocybercrime Cybercrime

  10. Companies in the financial industry that has a fraud risk management program

  11. Mitigating the fraud risk Fraud risk management program:

  12. Thanks • Arturo del Castillo • PartnerKPMG Advisory Services Ltd. • Tel: +57 1 618 8027 arturodelcastillo@kpmg.com

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