Professional Certificate in Fraud Prevention
This all-encompassing, highly practical course enables learners to understand and assess the risk of fraud facing their organisation, and develop, implement and communicate prevention strategies, including the effective fraud prevention campaigns and the harnessing of technology. Fully accredited and Ofqual-recognised.
You’ll explore the nature of fraud and what motivates people to commit it, and learn a range of fraud indicators and how to identify them. You’ll delve into the role of technology, and how it can both enable fraud as well as be a defence against it. You’ll study the principles of fraud prevention, looking at the ways organisations can deter fraud through fraud risk management and counter fraud policies, and you’ll design and implement your own fraud prevention programme. You’ll also look at how to protect individuals through the delivery of fraud prevention advice and support, and learn how to plan your own successful fraud prevention campaign.
Course Module Details
The main objective of the SFJ Awards Level 4 Professional Certificate in Fraud Prevention is to enable you to understand and assess the risk of fraud facing an organisation, and to be able to develop prevention strategies. You will explore the nature of fraud, what motivates people to commit it, and how to identify fraud indicators. You will also consider how technology can both enable fraud as well as be a defence against it. Looking at the ways organisations can deter fraud through fraud risk management and counter fraud policies, you will develop skills to develop a fraud prevention programme, and, through targeted reviews of systems and procedures will be able to identify control and other weaknesses to disrupt existing frauds and prevent future fraud. You will also look at how to protect individuals through the delivery of fraud prevention advice and support, and learn how to plan a fraud prevention campaign.
The course covers all the core techniques needed to introduce and maintain fraud prevention within an organisation across five core units. It includes an interactive case study which provides hands on experience and the provision of tools and templates that you can take away with them to use in your organisation and role, allowing you to put into operational practice what you have learned on the course.
Unit 1. Understanding Fraud and Fraudsters
Gain a thorough understanding of fraud, including the types of fraud and the theories that explain the motivation for the fraudster. The unit also covers the range of fraud indicators and how they might be identified.
Unit 1 learning outcomes:
- Understand fraud
- Understand how corporate structures are used in fraud
- Understand why people commit fraud
- Understand fraud and financial crime typologies and key enablers
- Be able to identify fraud indicators
Unit 2. Deterring Fraud in Organisations
Learn how organisations can deter fraud, including fraud risk management and counter fraud policies and plans. The unit also covers knowledge of fraud prevention programmes and how employees are protected when reporting concerns relating to fraud.
Unit 2 learning outcomes:
- Understand the principles of fraud deterrence
- Understand fraud risk management
- Understand fraud risk methodology
- Understand counter fraud policies and plans
- Understand a fraud prevention programme
- Understand the life cycle of a fraud prevention programme
- Understand how employees are protected when reporting concerns relating to fraud
Unit 3. Protecting Individuals from Fraud
Learn how individuals can be protected from fraud, the delivery of fraud prevention advice and the support available for victims.
Unit 3 learning outcomes:
- Understand the threat of fraud to individuals
- Understand the use of disruption to prevent fraud
- Understand the delivery of fraud prevention advice to individuals
- Understand the support available for fraud victims
Unit 4. Developing Effective Fraud Prevention Campaigns
Understand how campaigns are used in fraud prevention and the skills to produce a fraud prevention campaign plan.
Unit 4 learning outcomes
- Understand fraud reduction plans
- Understand how to plan a fraud prevention campaign
- Be able to plan a fraud prevention campaign
Unit 5. Use of Technology to Prevent Fraud
From online retail platforms to data analytics and AI, explore how technology is used by criminals to commit fraud, as well as understand how it is used to detect and prevent fraud.
Unit 5 learning outcomes
- Understand how technology is used by fraudsters
- Understand how technology can detect fraud
- Understand how technology can be used to prevent fraud
Open to UK, EU and international individuals working in the field of fraud prevention and investigation, or looking to develop a career in the area. No prior entry requirements.
16 weeks teaching; additional six weeks for written assignment completion.
All teaching is currently virtual, via Zoom.
Tutor led teaching will take place as half day sessions, delivered once a week, for the first 10 weeks. Sessions can be recorded to provide flexibility for individual work-life commitments, but we strongly recommend that learners attend the live sessions to gain the full benefit of the course.
Week 1 and 2: Unit 1
Week 3 and 4: Unit 2
Week 5 and 6: Unit 3
Week 7 and 8: Unit 4
Week 9 and 10: Unit 5
Week 11 – 16: Written assignment
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