The document discusses fraud risks and risk management strategies at CNI Holdings Berhad, a Malaysian MLM company. It describes several fraud cases CNI experienced, including ticket overclaims, undercutting sales leaders, and cash embezzlement. It then outlines CNI's framework for risk mitigation, including defining risks, reducing likelihood and impact, monitoring risks, and conducting fraud investigations. New fraud risks from changes like e-commerce are also discussed. Throughout, lessons learned about preventing fraud through effective culture, policies, and oversight are emphasized.