Fraud in Financial Services

Product Description

A comprehensive elearning course covering the nature, scale, and types of fraud in financial services; the fraud–money laundering relationship; how fraud is detected and prevented; employee responsibilities and reporting obligations; real-world case studies; and emerging threats including AI-enabled fraud.

Suitable for staff working in financial services (banking, insurance, investment, payments); compliance and risk professionals; anyone with a role in handling client assets or transactions

Learning Objectives:

By the end of this course, the learner will be able to:

• Define fraud and distinguish it from error and negligence in a financial services context.
• Identify at least six types of fraud commonly encountered in financial services and describe how each operates.
• Explain the Fraud Triangle (pressure, opportunity, rationalisation) and apply it to workplace scenarios.
• Describe the relationship between fraud and money laundering, including how fraud proceeds are laundered through the financial system.
• Recognise behavioural, transactional, and documentary red flags that may indicate fraudulent activity.
• Outline the key internal controls and prevention strategies that reduce fraud risk in financial institutions.
• State the correct procedure for reporting suspected fraud, including SAR obligations and whistleblower protections.
• Analyse real-world fraud cases to identify the failures in controls and oversight that allowed them to occur.
• Describe emerging fraud threats including AI-enabled fraud, synthetic identity fraud, and real-time payment fraud.

Sections & Modules:

Module 0: Introduction

Section A: Understanding Fraud
Module 1: Why This Matters
Module 2: Defining Fraud — What It Is and What It Isn’t
Module 3: Types of Fraud in Financial Services
Module 4: The Fraud–Money Laundering Connection

Section B: Detection, Prevention & Your Responsibilities
Module 5: Detecting Fraud — Red Flags and Warning Signs
Module 6: Preventing Fraud — Controls and Culture
Module 7: Your Responsibilities — Reporting and Whistleblowing
Module 8: Real-World Case Studies
Module 9: Emerging Threats and Looking Ahead
Module 10: Knowledge Check

There is a 10 question knowledge check at the end of the elearning course with a standard pass mark of 80% and unlimited attempts. The 10 questions are drawn randomly from a larger bank of questions. Each attempt will draw a different mix of questions.

90 minutes + 10 minutes of questions.

The user will receive a certificate in pdf format upon successful completion of the elearning course and knowledge check.

Each purchase is for a licence for a single user. The user has access to all the elearning course material for 6 (six) months via our web based elearning platform.