Understanding Failure to Prevent Fraud (FTPF) for Managers
Learn how the Failure to Prevent Fraud offence works, what it means for our Company, and how you, as a manager, can help reduce risk by recognising fraud and supporting prevention procedures.- 35 Minutes
- Managers
- Compliance Essentials Library
Learning objectives
- Appreciate the aim and scope of the failure to prevent fraud offence
- Identify the types of fraud that may be covered by the failure to prevent fraud offence
- Use the fraud triangle to recognise red flags and risk indicators
- Implement reasonable fraud prevention procedures
- Know how to report concerns about fraud or fraudulent practices
What can you expect your employees to learn?
Welcome
Learning objectives
What is fraud?
- What is the Economic Crime and Corporate Transparency Act?
- What is the Failure to Prevent Fraud offence?
- Why does FTPF matter?
- Who is the FTPF aimed at?
Who is an associated person?
- You decide: Associated person or not?
- Scenario: The whistleblower
Territoriality, subsidiaries and supply chains
- You decide: Could they be held accountable?
Intention to Benefit
- Scenario: Martha's mis-selling
Types of fraud covered by the FTPF offence
- You decide: Is it relevant to FTPF?
- You decide: What type of fraud is it?
The fraud triangle
- You decide: Motivation, opportunity, rationalisation
Our fraud prevention framework: The six principles
- Your role
- Best practice
Reporting and whistleblowing
- You decide: Reporting fraud
Scenario: The dilemma
Scenario: The suspicious phone call
Summary
Affirmation
Assessment
Complete
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Your questions, answered
Failure to Prevent Fraud
Common FAQs
We have identified we need to train external contacts we consider to be Associated Persons, what is an effective way to do this?
We would usually send out the same Fraud course to all staff, why does Skillcast offer Managers versions of the courses?
How can I make sure every employee has read and agreed to our anti-fraud and conduct policies?
How can I measure my employees’ awareness of fraud risks and identify gaps in understanding?
How can I give employees a secure way to record suspicious activity so we can act quickly?
Our Suspicious Activity Register allows staff to log concerns or irregularities they observe, helping you detect potential issues early. The secure register can be reviewed by compliance teams, enabling prompt investigation and action.
How can I provide employees with a safe and anonymous way to report suspected fraud?
How can I evidence anti-fraud measures that happen outside of e-learning?
Are Skillcast courses SCORM-compliant?
What other tools are needed beyond training?
Is our training content still compliant with the latest legislation?
- You can check the latest course content updates in our library updates page: https://www.skillcast.com/compliance-course-library-updates
- For major legislative changes, we:
- Will send you email alerts to ensure you are notified
- Offer you a free trial of newly created or updated content
- Host webinars with compliance experts to explain the changes and how our training supports your ongoing compliance
Can you translate our content into other languages?
How can I give employees a secure way to record suspicious activity so we can act quickly?
Our Suspicious Activity Register allows staff to log concerns or irregularities they observe, helping you detect potential issues early. The secure register can be reviewed by compliance teams, enabling prompt investigation and action.
What file types are supported by the Skillcast system?
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Supported file types and details |
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File Exchange |
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SCORM files |
Versions: SCORM 1.2, SCORM 1.2 for Moodle, SCORM 2004 2nd, 3rd and 4th Edition. Max file size: 1024MB |
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xAPI file |
Max file size: 2GB |
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Images |
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CPD evidence |
File types: Word, PDF, Excel and CSV. File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB |
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Policy documents |
PDF or Word File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB |
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Offline activities evidence |
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Client logo files |
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Registers |
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Declarations |
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