Financial crime continues to rise globally, putting businesses, governments, and individuals at risk. As regulations tighten and compliance standards evolve, organizations need professionals who understand the intricacies of fraud detection and anti-money laundering (AML) protocols. That’s where the QualCert Level 2 Award in Fraud Management & Anti-Money Laundering Awareness comes in.
This qualification offers a deeper, more practical understanding of fraud and AML concepts, enabling learners to recognize red flags, implement preventative measures, and ensure regulatory compliance in day-to-day operations. Whether you’re in finance, customer service, administration, or small business management, this award strengthens your ability to safeguard financial systems and data.
The QualCert Level 2 Award builds on the foundational concepts covered at Level 1 and moves into more practical territory—focusing on real-world fraud risks, risk assessment techniques, and compliance frameworks. It’s a valuable professional development qualification for those in regulated roles or environments where fraud and AML awareness is a legal requirement.
The course is fully assignment-based, offers flexible delivery (online or blended), and is regulated by a UK awarding body—making it globally recognized and career-relevant.
The QualCert Level 2 Award in Fraud Management & AML Awareness is a career-relevant qualification for anyone committed to understanding and reducing financial crime. With rising threats and evolving regulatory demands, professionals with AML knowledge are more valuable than ever.
Course Contents of QualCert Level 2 Award in Fraud Management & Anti-Money Laundering Awareness :
The QualCert Level 2 Award in Fraud Management & Anti-Money Laundering Awareness, offers 4 Credits, requiring a Total Qualification Time (TQT) of 16 hours, including 12 Guided Learning Hours (GLH).
| Unit Ref# | Unit Title | Credit | GLH | TQT |
| QC06087-1 | Understanding Fraud Risks in the Workplace | 1 | 3 | 4 |
| QC06087-2 | AML Risk Assessment and Due Diligence Practices | 1 | 3 | 4 |
| QC06087-3 | Recognizing Suspicious Transactions and Red Flag Indicators | 1 | 3 | 4 |
| QC06087-4 | Legal and Regulatory Framework for AML and Fraud Prevention | 1 | 3 | 4 |
Entry Requirements for the QualCert Level 2 Award in Fraud Management & Anti-Money Laundering Awareness:
To enroll in the QualCert Level 2 Award in Fraud Management & Anti-Money Laundering Awareness, following are requirement:
- Age: Candidates must be 16 years or older at the time of enrolment
- Prior Knowledge: It is recommended (though not mandatory) that candidates have completed a Level 1 Award in Fraud Management & AML Awareness or possess equivalent foundational knowledge in fraud prevention and AML concepts
- Language and Literacy: A good command of the English language (reading, writing, and comprehension) is essential to fully engage with course materials and complete assignments
- IT Skills: Basic computer literacy, including the ability to navigate online learning platforms, submit assignments, and communicate electronically
Learning Outcomes of QualCert Level 2 Award in Fraud Management & Anti-Money Laundering Awareness:
1. Understanding Fraud Risks in the Workplace
Upon completion of this unit, learners will be able to:
- Identify common types of fraud and financial crimes encountered in workplace settings
- Understand the factors that contribute to fraud risk within organizations
- Recognize how fraud impacts business operations and reputation
- Explain basic fraud prevention strategies and internal controls
2. AML Risk Assessment and Due Diligence Practices
Upon completion of this unit, learners will be able to:
- Conduct risk assessments to identify potential money laundering vulnerabilities
- Understand the principles and importance of Customer Due Diligence (CDD) and Know Your Customer (KYC) procedures
- Apply due diligence practices to minimize AML risks in business processes
- Evaluate risk factors related to customers, transactions, and products/services
3. Recognizing Suspicious Transactions and Red Flag Indicators
Upon completion of this unit, learners will be able to:
- Identify common red flags and suspicious behaviors linked to fraud and money laundering
- Analyze transactional patterns that may indicate fraudulent or illegal activity
- Apply appropriate steps to report suspicious transactions in accordance with regulatory requirements
- Understand the role of employee vigilance in early fraud detection
4. Legal and Regulatory Framework for AML and Fraud Prevention
Upon completion of this unit, learners will be able to:
- Describe key AML and fraud prevention laws and regulations relevant to their jurisdiction
- Understand the responsibilities of organizations and individuals under these laws
- Recognize the roles of regulatory bodies and law enforcement agencies in combating financial crime
- Explain the consequences of non-compliance and legal sanctions
The QualCert Level 2 Award in Fraud Management & Anti-Money Laundering Awareness, is ideal for:
- Finance, Banking, and Insurance Professionals aiming to deepen their fraud and AML knowledge
- Retail and Customer Service Employees handling financial transactions or sensitive customer information
- Administrative and Compliance Staff responsible for monitoring and reporting suspicious activities
- Small to Medium Enterprise (SME) Owners who want to implement effective fraud prevention measures
- Risk and Compliance Officers seeking a recognized qualification to support regulatory adherence
- Individuals progressing from Level 1 who want to build practical skills in fraud detection and AML compliance
- Global learners looking for a UK-regulated, assignment-based qualification accessible online