In today’s interconnected and digital economy, financial crimes like fraud and money laundering are growing in complexity and scale. Organizations must take proactive steps to protect themselves, their clients, and the financial system. One of the most effective ways to do this is by ensuring employees understand how to identify, report, and prevent financial misconduct.
The QualCert Level 1 Award in Fraud Management & Anti-Money Laundering (AML) Awareness is an entry-level qualification designed to provide individuals with a foundational understanding of key financial crime risks and how to combat them. Whether you’re starting your career in finance, banking, retail, or customer service, this course gives you essential compliance knowledge that is in demand across all sectors.
The QualCert Level 1 Award in Fraud Management & AML Awareness is a UK-accredited vocational qualification that introduces learners to the principles of fraud prevention and anti-money laundering. Delivered in a flexible, assignment-based format, this course is ideal for individuals who need practical and up-to-date knowledge of fraud risks, regulations, and reporting procedures.
This qualification serves as the first step toward a career in compliance, financial security, and regulatory roles, or simply to enhance your awareness in a professional setting.
The course is designed to be straightforward, practical, and applicable across multiple industries. Learners will explore how financial fraud occurs, how money laundering is conducted, and what can be done at the individual and organizational level to detect and prevent such activities.
The QualCert Level 1 Award in Fraud Management & Anti-Money Laundering Awareness is the perfect starting point for individuals who want to understand financial crime risks and contribute to a safer business environment. With flexible delivery, practical content, and global recognition, this qualification empowers you to take responsibility and act confidently when it comes to fraud and AML.
Course Contents of QualCert Level 1 Award in Fraud Management & Anti-Money Laundering Awareness :
The QualCert Level 1 Award in Fraud Management & Anti-Money Laundering Awareness, offers 3 Credits, requiring a Total Qualification Time (TQT) of 12 hours, including 9 Guided Learning Hours (GLH).
| Unit Ref# | Unit Title | Credit | GLH | TQT |
| QC06086-1 | Introduction to Financial Fraud and Corporate Misconduct | 1 | 3 | 4 |
| QC06086-2 | Fundamentals of Anti-Money Laundering (AML) | 1 | 3 | 4 |
| QC06086-3 | Reporting Procedures and Regulatory Responsibilities | 1 | 3 | 4 |
Entry Requirements for the QualCert Level 1 Award in Fraud Management & Anti-Money Laundering Awareness:
To enroll in the QualCert Level 1 Award in Fraud Management & Anti-Money Laundering Awareness, following are requirement:
- Age: Candidates must be 16 years of age or older at the time of enrolment
- Language Proficiency: A basic understanding of English (written and verbal) is required to follow the course materials and complete the assessments
- Basic Literacy Skills: Candidates should be comfortable with reading, writing, and understanding simple concepts related to finance and workplace practices
- No Prior Knowledge Required: This is a foundation-level qualification and is suitable for beginners
Learning Outcomes of QualCert Level 1 Award in Fraud Management & Anti-Money Laundering Awareness:
1. Introduction to Financial Fraud and Corporate Misconduct
Upon completion of this unit, learners will be able to:
- Define financial fraud and identify its most common forms (e.g., phishing, identity theft, insider fraud)
- Recognize the motives and methods behind corporate misconduct and fraud schemes
- Understand the impact of fraud on individuals, businesses, and the broader economy
- Describe basic concepts such as fraud risk, internal controls, and fraud triangle theory
2. Fundamentals of Anti-Money Laundering (AML)
Upon completion of this unit, learners will be able to:
- Understand the basic purpose of Anti-Money Laundering regulations and their global importance
- Identify the three stages of money laundering: placement, layering, and integration
- Recognize typical money laundering methods used across various industries
- Explain the importance of customer due diligence (CDD), Know Your Customer (KYC), and monitoring processes
3. Reporting Procedures and Regulatory Responsibilities
Upon completion of this unit, learners will be able to:
- Identify the roles and responsibilities of employees and organizations in reporting financial crime
- Understand how to recognize suspicious activity and follow correct reporting procedures (e.g., SARs – Suspicious Activity Reports)
- Describe key regulatory bodies (e.g., FCA, HMRC, FATF) and their functions in AML compliance
- Explain the legal and ethical obligations associated with fraud prevention and AML enforcement
The QualCert Level 1 Award in Fraud Management & Anti-Money Laundering Awareness, is ideal for:
- Entry-Level Employees in banking, finance, insurance, or any regulated industry
- Retail and Customer Service Staff handling payments, customer data, or financial transactions
- Administrative and Office Personnel with access to financial systems or sensitive information
- Small Business Owners who want to understand their compliance obligations and protect their operations
- Students and Career Starters interested in compliance, financial services, or legal careers
- New Recruits in onboarding programs requiring AML and fraud awareness training
- International Learners who want a UK-recognized qualification in financial crime awareness