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Fraud Prevention & Financial Crime for Money Managers
Comprehensive training on fraud prevention covering the major fraud typologies affecting money managers, internal controls and FCA CASS requirements, and the reporting obligations under the Economic Crime and Corporate Transparency Act 2023.
3 modules, 9 lessons~35 minutes80% pass mark36 flipcards, 9 scenarios
CPD AlignedCertificate of Completion
This course content has been generated using AI and is based on publicly available FCA guidance, UK legislation, and industry best practice. It is provided for educational purposes only. Your organisation's MLRO or compliance officer is responsible for verifying the accuracy and completeness of this material before it is used as part of your firm's official training programme. ComplySkills accepts no liability for regulatory decisions made based on this content.
What you will learn
- Recognise common fraud schemes including APP fraud and identity theft
- Understand your role in preventing fraud within your organisation
- Identify social engineering tactics used by fraudsters
- Know the reporting procedures for suspected fraud
- Apply practical measures to reduce fraud risk in daily operations
Who is this for?
All staff
Course details
Duration~35 min
Modules3
Lessons9
Pass mark80%
CertificateYes
CPD Hours0.6
Jurisdiction
UK (Fraud Act 2006, ECCTA 2023, POCA 2002). Core fraud prevention principles applicable globally.
Course Modules
1
Understanding Financial Crime
~12 minExploring the major fraud typologies, the scale of financial crime in the UK, and the warning signs of Ponzi and pyramid schemes.
Types of Fraud Affecting Money Managers
AudioVisualFlipcardsScenario
Ponzi Schemes & Pyramid Scheme Warning Signs
AudioVisualFlipcardsScenario
The Scale of UK Fraud
AudioVisualFlipcardsScenario
Assessment - 5 questions
2
Prevention & Controls
~12 minPractical fraud prevention measures including segregation of duties, FCA CASS requirements, KYC, transaction monitoring, and AI-powered detection.
Segregation of Duties & Internal Controls
AudioVisualFlipcardsScenario
Client Money Rules & FCA CASS Requirements
AudioVisualFlipcardsScenario
KYC, Transaction Monitoring & AI-Powered Detection
AudioVisualFlipcardsScenario
Assessment - 5 questions
3
Reporting & Accountability
~12 minThe failure to prevent fraud offence, whistleblowing obligations, FCA reporting requirements, and building a compliance culture.
The Economic Crime and Corporate Transparency Act 2023
AudioVisualFlipcardsScenario
Whistleblowing & Reporting Obligations
AudioVisualFlipcardsScenario
Building a Compliance Culture
AudioVisualFlipcardsScenario
Assessment - 5 questions
Total Questions
15
Pass Mark
80%
Audio
9/9
Certificate
Yes
v1.1.0 | Updated 2026-06-30 | Sources verified 2026-06-26
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