Welcome to the award-winning FCPA Compliance Report, the longest running podcast in compliance. Today, I welcome Peter Schablik, a seasoned professional in risk consulting and fraud detection. Peter shares his extensive background, including his transitions from consulting to audit and his experiences across various industries. The discussion delves into the importance of fraud detection, investigative thinking, and strategic fraud mitigation. Key topics include the role of management in fraud prevention, common misconceptions about fraud controls, technological and management overrides, and industry-specific fraud patterns. Peter also highlights the need for basic controls like segregation of duties, the importance of a tone at the top, effective use of hotlines, and third-party risk assessments. Peter emphasizes the value of instinctual and behavioral analysis in fraud investigations and provides actionable advice for strengthening an organization's fraud prevention program.  Key Highlights Include  ·      The Importance of Fraud Detection and Mitigation ·      Common Misconceptions About Fraud ·      Patterns of Fraud Across Industries ·      Segregation of Duties and Basic Controls ·      Investigative Strategies and Behavioral Cues ·      Strengthening Fraud Prevention Programs  Resources Peter Schablik on LinkedIn Want to Catch a Fraudster, Think Like a Cop   Tom Fox Instagram Facebook YouTube Twitter LinkedIn   For more information on the use of AI in Compliance programs, my new book, Upping Your Game. You can purchase a copy of the book on Amazon.com Learn more about your ad choices. Visit megaphone.fm/adchoices