FACTORING TRAINING FACTORING TRAINING FACTORING TRAINING FACTORING TRAINING
[ Law Firm ] / Training / Factoring

FACTORING TRAINING

We provide training courses and seminars on factoring fraud and its prevention. Our clients include factoring companies and the factoring departments of banks. Participants include employees from sales, operations, risk monitoring, legal, control, audit and relationship-management teams, as well as managers and senior executives.

To date, we have trained 10 of the 20 largest factoring organisations in Poland by factoring turnover, receiving excellent ratings in post-training surveys and interviews.

Training is an important part of the compliance system that should operate within every factoring company. Its purpose is to expand participants’ knowledge, raise awareness, improve their ability to recognise indications of potential criminal activity and strengthen their fraud-prevention skills. Our training courses take a highly practical approach to the subject.

OUR TRAINING COVERS:

  • the impact of KSeF—the Polish e-invoicing system—on changes in fraud-related risks;
  • the process of preparing a company for planned fraud, including purchasing a company, changing its personnel, establishing a new registered office or virtual office, making changes in the National Court Register, appointing a nominee director and building credibility;
  • methods that factoring teams can use to detect the above warning signs, including more than a dozen free tools and registers that we explain together with instructions on how to use them;
  • factoring fraud mechanisms, including fictitious invoice fraud, duplicate factoring, invoice cancellation fraud, warranty fraud, carousel fraud, release-of-assignment fraud, identity theft, distribution fraud and other schemes;
  • warning signs indicating a suspected criminal offence, including conduct occurring at every stage of a factoring transaction—from the conclusion of an agreement and submission of receivables to the dormant phase;
  • real factoring fraud cases that have actually occurred, including fraud committed by or with the participation of individuals who might appear to be beyond suspicion—such as large retail chains, wealthy investors and highly successful companies. Our database contains more than 25 investigated cases. A complete two-day training course covers approximately 18 cases, while the shortened version covers approximately 10;
  • new criminal trends and fraud mechanisms;
  • practical issues encountered by the particular factor.

We provide training according to the factor’s preferences: in person, in a hybrid format or remotely, for example via Microsoft Teams or Google Video.

WHY IS IT WORTH IT?

  • practical, real-world knowledge that benefits every team within the factoring company and supports comprehensive fraud detection;
  • fulfilment of compliance requirements, including training certificates for every participant;
  • improved communication between teams;
  • presentation of simple, fast and effective anti-fraud tools;
  • updated knowledge of current fraud methods and mechanisms;
  • an efficient and engaging format, also available remotely as a two-day course—for example, two sessions of 3.5 hours—to avoid disrupting the work of participating teams;
  • the trainer’s extensive practical experience and clearly explained, compelling and memorable real-world cases, presented under their original names;
  • up-to-date knowledge, including information concerning KSeF.

Are you interested in this training?

To receive a training proposal and an outline programme, please contact us. References and an extensive portfolio of satisfied clients are also available upon request.

[ Contact Us ]

[ Selected Fraud Cases Investigated for Factoring Companies ]

Would you like to learn more about our experience and the cases discussed during the training? Read the examples below.

  • Uncovering fraud committed by a supplier to one of Poland’s largest retail chains in the alcoholic beverages sector, acting in collusion with an employee of the chain, resulting in a four-party settlement;
  • Recovering receivables exceeding PLN 2 million from a company formerly owned by one of Poland’s wealthiest individuals, shortly before its bankruptcy;
  • Uncovering fraud at a printing company employing nearly 200 people, obtaining the only final conviction in proceedings separated into an individual case despite most related cases being suspended following the perpetrator’s flight abroad, and winning civil damages proceedings for a false certification made by the factoring debtor’s president;
  • Recovering receivables from an entrepreneur in a sector supporting power-generation units by securing a compulsory mortgage shortly before the business was transferred to a newly established company in an attempt to move assets beyond the reach of numerous creditors;
  • Securing the conviction of the president of the management board of a company that submitted fictitious invoices for factoring finance;
  • Recovering receivables from a factoring debtor who had disposed of and encumbered three properties by securing claims under actio Pauliana proceedings against subsequent purchasers of the properties;
  • Securing convictions and recovering receivables from factoring debtors in one of Poland’s largest fraud cases in the bicycle industry;
  • Securing the filing of a subsidiary indictment against management board members and a guarantor of a joint-stock company that fraudulently obtained factoring finance for fictitious transactions, resulting in a settlement with the defendants and compensation for the damage;
  • Recovering funds from a group listed on a regulated market through debt-recovery measures involving the exercise of shareholder rights in the listed company;
  • Securing a final criminal conviction for factoring fraud against a relative of a legendary figure in Polish factoring fraud—the heir of the perpetrator of the most notorious fraud in the history of Polish factoring;
  • Securing a criminal conviction for an offence committed to the detriment of a creditor—a factoring company—in connection with the debtor granting irrecoverable loans to members of the debtor company’s management board;
  • Securing a final conviction for fraud involving undisclosed factoring;
  • Providing several years of support to law-enforcement authorities in preparing and filing an indictment in a major carousel factoring fraud case in the stretch-film industry.