Fraud Management and AML
Fraud Management and AML is a CPD-accredited course for aspiring fraud analysts, AML officers, compliance assistants, finance administrators and risk management support professionals seeking essential financial crime prevention knowledge. Learn money laundering basics, POCA 2002, AML regulations, due diligence, record keeping, suspicious transactions, staff awareness and reporting responsibilities.
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Fraud Management and AML
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Access1 Year Access -
Skill Level -
Duration2 hours, 50 minutes -
Students61 Students -
CPD Point
10
- Original price was: £415.£25Current price is: £25. ex VAT
- 1 year
- Level 2
- Number of Units11
- Number of Quizzes0
- 2 hours, 50 minutes Gift this course
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Fraud Management and AML – CPD Accredited
Fraud and money laundering are growing concerns for UK businesses, with UK Finance reporting that over £1 billion was stolen through fraud in 2024. This makes fraud prevention and AML knowledge highly valuable for anyone working in compliance, finance, administration, risk management or business support roles.
This Fraud Management and AML course gives you a clear understanding of money laundering, the Proceeds of Crime Act 2002, AML regulations, risk-based approaches, customer due diligence, record keeping and suspicious transactions. You will also learn about the responsibilities of the Money Laundering Reporting Officer and the importance of awareness and staff training.
By completing this course, you can improve your ability to identify red flags, support legal compliance and help protect organisations from financial crime. The CPD-accredited certificate can also strengthen your CV and support your professional growth.
Course Description
This Fraud Management and AML course is designed to provide a clear understanding of fraud prevention, anti-money laundering practices and financial crime compliance, making it an ideal course for learners who want to build knowledge in compliance, finance, risk management and business operations.
Throughout this CPD-accredited course, you will explore key topics such as money laundering, the Proceeds of Crime Act 2002, AML regulations, customer due diligence, record keeping and suspicious conduct or transactions. You will also learn about the role and responsibilities of the Money Laundering Reporting Officer and how organisations apply a risk-based approach to reduce financial crime risks.
In addition to regulatory knowledge, this course helps you develop practical awareness of fraud indicators, reporting procedures and staff training requirements. By completing this course, you can strengthen your professional understanding, improve your ability to identify red flags and support safer, more compliant business practices.
Learning Outcomes
By completing this Fraud Management and AML online course, you will be able to:
- Understand the fundamentals of money laundering and how it affects businesses and financial systems
- Gain knowledge of the Proceeds of Crime Act 2002 and its role in preventing financial crime
- Explore the development of anti-money laundering regulations and compliance requirements
- Understand the responsibilities of the Money Laundering Reporting Officer within an organisation
- Apply a risk-based approach to identify and manage fraud and AML risks
- Learn how to carry out customer due diligence and verify customer information
- Understand the importance of accurate record keeping in AML compliance
- Identify suspicious conduct, transactions and potential red flags
- Develop awareness of fraud prevention, reporting procedures and staff training requirements
- Build professional knowledge to support roles in compliance, finance, risk management and business operations
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Why People Love This Course?
- CPD-accredited certification to strengthen your CV and professional profile
- Learn key AML topics, including money laundering, POCA 2002, customer due diligence and suspicious transactions
- Gain essential knowledge to identify fraud risks, red flags and suspicious conduct in business environments
- Understand the role and responsibilities of the Money Laundering Reporting Officer
- Study online with flexible, self-paced learning that fits around work and personal commitments
- Improve your understanding of legal, regulatory and professional responsibilities in AML compliance
- Build career-focused skills relevant to compliance, finance, risk management and fraud prevention roles
- Instant digital certificate upon completion, with the option to order a hard copy
- Transparent pricing with no hidden fees
- Access dedicated tutor support on weekdays throughout your learning journey
- Complete assessments online and progress quickly with instant results
Why Study This Course?
Whether you are starting your career or looking to build knowledge in compliance, finance or risk management, this Fraud Management and AML course provides essential understanding of fraud prevention and anti-money laundering practices.
As a CPD-accredited online course, it is designed to reflect key UK financial crime and AML compliance topics, helping you understand money laundering, POCA 2002, customer due diligence, record keeping, suspicious transactions and reporting responsibilities.
This course supports your progression into roles such as compliance assistant, AML support officer, fraud prevention assistant, finance administrator or risk management support worker, giving you a strong foundation to improve your professional knowledge and career prospects.
Who is this Fraud Management and AML course for?
This course is ideal for individuals who want to start or progress in compliance, finance, fraud prevention, anti-money laundering or risk management roles.
It is suitable for:
- Beginners exploring fraud and AML compliance careers
- Aspiring compliance assistants and AML officers
- Finance administrators handling business transactions
- Business owners managing compliance responsibilities
- Risk management and audit support staff
- Supervisors overseeing fraud prevention procedures
- Professionals seeking financial crime awareness
- Anyone interested in AML red flags
Requirements
There are no specific prerequisites to enrol in this Fraud Management and AML course. Anyone interested in fraud prevention, anti-money laundering and financial crime awareness can take this course.
The Fraud Management and AML course is fully accessible from any internet-enabled smart device, allowing you to study conveniently from home or anywhere that suits you.
All you need is a passion for learning, basic literacy skills and to be over the age of 16.
CPD Certification
After successfully completing the Fraud Management and AML course, you will qualify for a CPD Certificate as proof of your continued professional development and achievement. This certificate can enhance your professional profile and showcase your commitment to building relevant skills and knowledge. You can receive your digital certificate for only £10, or request a printed hard copy sent by post for just £29 or both for £39.
Assessment
For assessing your learning, you have to complete an automated MCQ exam. It is required for the students to score at least 60% to pass the exam and fulfil the Quality Licence Scheme-endorsed certificate criteria. Learners can apply for the certificate after they clear the exam.
There are assignment questions provided at the end of the course. You are suggested to complete the questions to enrich your understanding of the course. You can complete this according to your preferred time. The expert tutor will provide feedback on your performance after assessing your assignment.
Job Opportunities
The Fraud Management and AML course is an online knowledge-based training designed to provide a strong foundation in fraud prevention, anti-money laundering, financial crime awareness and compliance procedures. While it does not provide a professional licence, it can support entry-level and supportive roles across finance, banking, insurance, business administration, compliance and risk management sectors.
- AML Analyst
Reviews customer transactions, identifies suspicious activities, supports AML investigations and helps organisations follow anti-money laundering compliance procedures.
Average UK salary: £26,000–£40,000 per year - Fraud Analyst
Investigates unusual financial behaviour, detects fraud patterns, reviews account activity and helps reduce financial losses for businesses.
Average UK salary: £28,000–£45,000 per year - Compliance Assistant
Supports compliance teams with policy checks, document reviews, reporting tasks and regulatory administration in business or financial settings.
Average UK salary: £20,000–£28,000 per year - KYC Analyst
Verifies customer identity, checks documents, reviews customer profiles and supports due diligence processes before business relationships are approved.
Average UK salary: £25,000–£38,000 per year - Financial Crime Assistant
Helps monitor transactions, review alerts, collect evidence and escalate potential financial crime concerns to senior compliance professionals.
Average UK salary: £24,000–£35,000 per year - Risk Management Assistant
Assists with identifying business risks, maintaining risk records, reviewing controls and supporting fraud prevention strategies across organisations.
Average UK salary: £22,000–£32,000 per year - AML Compliance Officer
Supports AML procedures, customer checks, suspicious activity reporting, internal monitoring and staff awareness within regulated business environments.
Average UK salary: £25,000–£46,000 per year - Finance Administrator
Manages financial records, processes transactions, supports document checks and helps maintain accurate records for compliance and reporting purposes.
Average UK salary: £21,000–£30,000 per year
Frequently Asked Questions
What does the Fraud Management and AML course cover?
This course covers money laundering, fraud prevention, the Proceeds of Crime Act 2002, AML regulations, customer due diligence, record keeping, suspicious transactions and reporting responsibilities. It gives learners a strong introduction to financial crime awareness and compliance procedures.
Is Fraud Management and AML suitable for beginners?
Yes. This course is suitable for beginners who want to build knowledge of fraud management, anti-money laundering and financial crime prevention. No previous experience is required to enrol.
Can I study this Fraud Management and AML course online?
Yes. This Fraud Management and AML course is delivered online, allowing you to study from home at your own pace. You can access the course from any internet-enabled smart device.
Will I receive a certificate after completing this course?
Yes. After successful completion, learners can receive a CPD-accredited certificate. This certificate can help demonstrate your learning and strengthen your CV for relevant professional roles.
Does this course qualify me as an AML officer?
No. This is a knowledge-based course and does not provide a professional licence or regulated qualification. However, it can support your understanding and help you prepare for entry-level compliance, AML and fraud prevention roles.
What jobs can this course help me work towards?
This course can support knowledge for roles such as AML analyst, fraud analyst, compliance assistant, KYC analyst, financial crime assistant, finance administrator and risk management assistant.
How is the Fraud Management and AML course assessed?
The course includes a mock exam and final exam to test your understanding of the key topics. These assessments help learners review their knowledge before completing the course.
Who is this Fraud Management and AML course best for?
This course is ideal for aspiring compliance professionals, finance administrators, business owners, managers, risk management staff and anyone interested in fraud prevention or anti-money laundering awareness.
Why is AML knowledge important in the UK?
AML knowledge is important because businesses must understand how to identify, prevent and report suspicious financial activity. It helps organisations reduce financial crime risks and maintain safer compliance practices.
Why should I study Fraud Management and AML?
Fraud and money laundering can cause major financial, legal and reputational damage. This course helps you recognise red flags, understand compliance duties and build career-focused knowledge for finance, compliance and business support roles.
Course Curriculum
| Fraud Management and AML | |||
| Module 01: Introduction to Money Laundering | |||
| Module 01: Introduction to Money Laundering | 00:15:00 | ||
| Module 02: Proceeds of Crime Act 2002 | |||
| Module 02: Proceeds of Crime Act 2002 | 00:17:00 | ||
| Module 03: Development of Anti-Money Laundering Regulation | |||
| Module 03: Development of Anti-Money Laundering Regulation | 00:18:00 | ||
| Module 04: Responsibility of the Money Laundering Reporting Office | |||
| Module 04: Responsibility of the Money Laundering Reporting Office | 00:18:00 | ||
| Module 05: Risk-based Approach | |||
| Module 05: Risk-based Approach | 00:20:00 | ||
| Module 06: Customer Due Diligence | |||
| Module 06: Customer Due Diligence | 00:21:00 | ||
| Module 07: Record Keeping | |||
| Module 07: Record Keeping | 00:14:00 | ||
| Module 08: Suspicious Conduct and Transactions | |||
| Module 08: Suspicious Conduct and Transactions | 00:20:00 | ||
| Module 09: Awareness and Training | |||
| Module 09: Awareness and Training | 00:18:00 | ||
| Mock Exam | |||
| Socialblade has hundreds more case studies you can view. | 00:03:00 | ||
| Final Exam | |||
| Noahj456 used YouTube to build a large Twitch audience. | 00:06:00 | ||