Fraud Typologies and Controls

Discover how firms can mitigate the risk of falling victim to fraud and other financial crimes for themselves, their customers, or their employees. After this course you will understand the essential elements of an anti-fraud strategy, including the fraud and ethics policy, the fraud response plan and a risk assessment.

You will appreciate the different elements to be considered by a financial crime manager when producing an organisation’s risk profile, what internal measures will reduce the risk of fraud, and why a fraud-averse culture is crucial to an organisation.

Further, the course examines the vulnerability of customer accounts to fraud and outlines various types of fraud such as deposit fraud, fraudulent credit applications, employee-related lending fraud, and credit card fraud, enhancing your ability to spot and mitigate these risks.

This course is ideal for professionals working in or aspiring to work in areas where financial crime prevention is important to their role. Such areas include compliance roles, risk functions, those with fraud prevention responsibilities and regulatory representatives. While it offers valuable insights for all professionals, it is best suited for individuals early in their careers.