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Fraud Prevention 

This Fraud Prevention training course provides an overview of several types of financial fraud, including loan fraud, insurance fraud and investment fraud. The course explains each offence, highlights certain red flags that should raise concerns and explains how these concerns should be escalated to the compliance department.

Geography Covered: Global | Duration: 30 minutes

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Summary

Fraud, or the use of deception to dishonestly acquire a personal gain, is a global problem affecting economies, businesses and individuals. Bribery, corruption, identity fraud, counterfeit goods, and Ponzi schemes are all examples of fraudulent activities. Fraud is a particularly serious threat to the financial services industry – and it’s on the rise.

Frequently in cases of fraud, unscrupulous employees prey upon unsuspecting co-workers and supervisors, or shrewd third parties use "social engineering" tactics to penetrate a company's defenses. Because successful fraud schemes are hard to detect, it is critical that employees at all levels have a basic knowledge of how these schemes work and how to recognize the warning signs. Proper fraud awareness training is crucial to a culture of compliance.

About our courses

  • Global courses
    • Fraud Awareness and Detection (Global)
      This course describes the most common types of fraud used to divert money from business organizations. The course helps employees (1) gain an awareness of corporate fraud so that it may be detected and prevented or minimized, and (2) understand their responsibility to comply with the law and report misconduct.
    • Fraud Prevention (Global)
      This course examines and explains the different types of fraud and the principles of fraud prevention and includes examples of global fraud legislation and scenarios drawn from real-life cases. An important aspect of the training is exploring how fraud is prevented and tackled within the workplace.
    • Insurance Fraud (Global)
      Insurers throughout the world are subject to global and domestic anti-fraud laws. Fraud within the insurance sector creates significant financial and reputational issues for firms, their employees and their customers.
      Insurance firms have therefore implemented fraud prevention systems and controls; this course will help employees understand and follow those procedures.  The course includes real-life examples of the effects of fraud on the insurance sector, as well the internal and external red flags that employees must be able to readily identify.

  • Like with all our courses, the Fraud Prevention training courses are written by experts and powered by world-leading regulatory intelligence, which tracks more than 900 regulators and exchanges globally to ensure the course content is always up to date.

    All our training courses are driven by practical examples and interactive scenarios to ensure users truly understand and recognize the issues of most importance to your business and learn to instinctively act to support them

    We employ instructional design techniques optimized for risk and compliance training, enabling your business to educate in a way that reduces risk and helps you build a culture of integrity and compliance.

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