Diploma in Fraud Management & Anti-Money Laundering

AT A GLANCE

What is included:

- Course Completion Certificate

- Interactive Course Materials (Video, PDF, Images, References)

- 3 Exam Retakes

- Support via Email or WhatsApp

- Course Access: 12 Months

Course Length

This flexible online course lets you learn at your own pace, completing it in days or weeks based on your schedule. For example, if the course includes 10 modules with 4 topics each, you could complete it in a single day by staying focused and studying continuously. Alternatively, you could finish one module per day, completing the course in 10 days. The choice is yours!

Global Recognition and Awards: Our courses have gained global recognition and multiple awards, attesting to their quality and effectiveness.

Inside the course: Throughout the course, you will engage with the content through reading, video (if available), and various activities and assessments. Each course includes all assessments, allowing you to assess your understanding as you progress through the material. At the end of each module or unit, you will be required to complete an assessment test. These tests are automatically graded, giving you immediate feedback on the correctness of your answers.

1- Study Method: Online

2- Log in Access: After you pay, we will register you for the course and then send you the login access.

3. Exam system and Pass Mark: Multiple Choice Exam with an 80% Pass Mark

4. Fast Exam Type: Online Multiple-Choice Assessment, almost all modules have quizzes and a maximum of 3 attempts are allowed. The passing mark is 80%.

5. Exam Fees: The Exam Is Included in the Price

6. Exam Retakes: 3 Times Retakes at No Extra Cost

7. FastTrack: Free

8. Qualification Type: CPD (Continuing Professional Development)

9. Credit: CPD Credit (See Our FAQs - https://cpd.softxit.com/cpd-faqs/)

10. Online Interactive User-Friendly Course

11. 24 Hours Course Access, 365 Days of the Year

12- What are CPD points, hours, units and credits?

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13- Study Anywhere/Anytime: Study the Course Anywhere/Anytime on PC, Mobile, and Tablet. You Can Even Learn on Your Way to Work

14- This Assists You to Advance in Your Career and Move into New Positions Where You Can Lead, Manage, Influence, Coach, and Mentor Others

15- Do employers consider CPD certificates?

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16- Can I Get a Job with a CPD Certificate?

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17- Will the Universities accept CPD certificates?

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18- Is CPD Equivalent to NVQ Qualification?

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Fraud Management & Anti-Money Laundering Awareness Certification Level 2

Having the ability to identify the signs of fraud is important for a variety of positions, but especially if you own your own business. Money laundering, which is often how a criminal will hide assets that have been fraudulently gained, is a problem that is intricately connected to the issue of fraud, and therefore it is vital to be aware of it. While at times overlooked, billions are lost annually due to cases of fraud.

These losses could damage a business or reputation or even cause an organisation to fail. This is why being aware of the many tools and skills available to detect cases of fraud are absolutely essential and, as an employer, it always makes a lot of sense to familiarise as many of your staff as possible on this issue.

This important 25 module course will guide your employees through everything they need to know, in order to combat fraud and money laundering practices within your organisation.

What’s Covered in the Course?

In this course, staff will learn about:

The different types of fraud and how to identify them;

What a typical offender would look like, and how to recognise suspicious behaviour;

Techniques that are most commonly employed by criminals, in order to cheat an organisation;

The psychology of the individuals that perpetrate these crimes and what motivates their behaviour, beyond the obvious financial incentive;

How those at the top of an organisation or in politics can engage in fraud through bribery and corruption;

The most effective tools available, in order to identify fraud and how to utilise them;

How fraud can damage anyone through identity theft and what to do, if you find that someone has stolen your identity;

Safeguards that your employees can put in place, in order to prevent fraud before it can ever;

What money laundering is and the variety of different methods that are commonly employed, in order to hide assets.

What are the Benefits of the Course?

The range of benefits that any of your team members can look forward to include:

The structured certification can help to accelerate your employee’s career;

Your business will benefit from having employees who are knowledgeable about anti-money laundering and fraud practices;

There are no entry requirements, so your staff needn’t worry about having the right qualifications, in order to apply;

The course content is available online and structured in a modular fashion, so your team members can study at their own pace, at a time and from a place that best suits them.

Modules

Module 1: Fundamental Concepts

Definition of fraud

Internal vs external fraud

Offender profiles

Elements and Types of fraud

Module 2 : The Human Element of Fraud

Studies

Reasoning

Why good people become fraudsters

Motivation and rationalisation

Module 3 : Financial Crime

What is financial crime.

Who commits financial crimes

Types of financial crimes.

Common financial crimes

Module 4 : Fraud Analysis

What is fraud analysis

5 Analysis methods to use

Benefits

Monitoring

Module 5 : The Analytical Process

Risk areas

Common occurrences

What to look for

Analytical System

Module 6 : Methodologies

Types of fraud

Process of detection

Common Fraud Techniques

Dealing with fraudulent employees

Module 7 : Identity Theft

What is identity theft

Identity fraud

How to prevent identity theft

What to do if you are a victim of identity theft

Module 8 : Correlation, Trend Analysis

Fraud and money laundering correlation

Fraud and gambling

Fraud and wealth

Motivation

Module 9 : The Fraud Management Process

Five step management process

Fraud risk governance

Fraud risk assessment

Prevention and detection

Module 10 : Bribery and Corruption

Definition

Biggest bribe cases in business

UK Bribery Law

What is corruption

Module 11 : Fraud Detection

What is fraud

Fraud detection

Predicting rare events

Anomalies

Module 12 : Fraud Solutions

The importance of knowing your employees

Set up a reporting system and raise awareness

Internal control implementation

Monitor employees leave

Module 13 : Taking Action

Suspect fraud

Fraud victim

Plan preventative strategy

Plan detection strategy

Module 14 : Bank Fraud

Definition of bank fraud

Types of bank fraud

Prevention

Understanding bank fraud

Module 15: The Investigative Process

Fraud risks for companies

The 5 step process

Who to include in the investigative team

Conducting fieldwork

Module 16: New Fraud Tools

Tools you may already own

Active data – add on for Excel

Fraud.net

Kount Complete

Module 17: What is Money Laundering?

What is money laundering

How money laundering occurs

What makes money laundering illegal

3 Stage Process

Module 18: Methods of Money Laundering

Crime proceeds

Common money laundering methods

Red flags, what to look for

Methods to stop money laundering

Module 19 : An Introduction to Money Laundering Regulations

Who does money laundering regulations apply to

When you don’t need to register

Identifying risks

Reporting

Module 20 : The Proceeds of Crime and Terrorism Acts

Introduction to the Proceeds of Crime Act 2002

Introduction to the Terrorism Act 2000

Reporting obligations

Money laundering regulations

Module 21 : The HMT Sanctions List and Client Identification

The Financial Regime

Understanding financial sanctions

Reporting to HM Treasury

What client information you need to collect

Module 22 : The Financial Services and Markets Act

What is it

Companies regulated under the Act

Regulatory framework

The Financial Services Authority

Module 23 : Record Keeping and Training

General record keeping requirements

Failure to disclose accurate financial records

Financial reporting standard

Staff training

Module 24 : Disclosure to the NCA

What is the NCA

How differs regular police force

SAR system

Obtaining consent from NCA

Module 25 : Internal Reporting / Staff Training

Staff training

What to include

Internal reporting procedures

Policies and procedures with sample document