Fraud Prevention

• 35 Minutes
• For all staff
• EU

Fraud is a business risk long before it’s a crime scene. A forged invoice, a cloned card or a colleague bending the rules can drain an organisation, and the effects travel across borders as easily as the money does. This in-depth compliance course gives staff across the EU a practical grounding in fraud prevention.

What is it? Fraud means gaining an advantage through deception. There are several types of fraud: false representation, failing to disclose information and abuse of position. Penalties for fraud differ between member states. Where does it hit? Staff meet identity fraud and online fraud, supplier fraud and employee fraud, and payment scams such as card not present (CNP) fraud, contactless fraud and authorised push payment (APP) fraud. What should you do? Fraud detection depends on alert people, so staff must know how to follow policy, raise concerns through whistleblowing and understand how fraud links to cybercrime and money laundering risk.