In today’s dynamic financial and regulatory landscape, the ability to detect and prevent financial crime is more important than ever. The QualCert Level 2 Certificate in Fraud Management & Anti-Money Laundering (AML) Awareness offers an essential qualification for professionals aiming to strengthen their understanding of fraud risks, compliance obligations, and preventative strategies.
This Ofqual-regulated qualification provides internationally recognized certification and is delivered entirely through assignment-based learning—offering flexibility for busy professionals, organizations, and learners worldwide.
The Level 2 Certificate in Fraud Management & AML Awareness builds upon foundational knowledge to explore key operational practices and regulatory compliance strategies. Learners gain practical skills in risk identification, AML controls, and how to recognize and report suspicious transactions in line with national and global standards.
Whether you work in finance, retail, real estate, insurance, or the public sector, this course helps you play an active role in financial crime prevention and regulatory compliance.
The QualCert Level 2 Certificate in Fraud Management & Anti-Money Laundering Awareness empowers learners with essential tools and knowledge to effectively combat fraud and ensure AML compliance. Backed by UK regulatory standards and globally recognized, this qualification helps professionals stay competitive in a high-demand field.
Take a step toward a safer financial future—for your organization and your career.
Enroll today and become part of the global fight against financial crime.
Course Contents of QualCert Level 2 Certificate in Fraud Management & Anti-Money Laundering Awareness :
The QualCert Level 2 Certificate in Fraud Management & Anti-Money Laundering Awareness offers 15 Credits, requiring a Total Qualification Time (TQT) of 75 hours, including 50 Guided Learning Hours (GLH).
| Unit Ref# | Unit Title | Credit | GLH | TQT |
| QC06090-1 | Fraud Risks and Prevention Strategies | 3 | 10 | 15 |
| QC06090-2 | Advanced Anti-Money Laundering Compliance | 3 | 10 | 15 |
| QC06090-3 | Risk Assessment and Due Diligence Techniques | 3 | 10 | 15 |
| QC06090-4 | Identifying Suspicious Transactions and Red Flags | 3 | 10 | 15 |
| QC06090-5 | Legal Framework and Regulatory Compliance | 3 | 10 | 15 |
Entry Requirements for the QualCert Level 2 Certificate in Fraud Management & Anti-Money Laundering Awareness:
To enroll in the QualCert Level 2 Certificate in Fraud Management & Anti-Money Laundering Awareness, following are requirement:
- Age Requirement: Candidates must be 16 years or older at the time of registration.
- Educational Background:
- A Level 1 qualification in Fraud Management, AML, or a related field is recommended.
- Alternatively, relevant work experience in finance, administration, compliance, or risk management may be considered.
- Language Proficiency: Candidates should possess a functional level of English in reading, writing, and comprehension to complete written assignments and understand regulatory terminology.
- IT Skills: Basic computer literacy is required, including the ability to navigate learning platforms, complete online assignments, and access digital resources.
Learning Outcomes of QualCert Level 2 Certificate in Fraud Management & Anti-Money Laundering Awareness:
1. Fraud Risks and Prevention Strategies
By the end of this unit, learners will be able to:
- Identify various types of fraud risks that affect organizations across industries
- Understand common fraud schemes and methods of detection
- Implement practical fraud prevention strategies in the workplace
- Recognize the role of staff awareness and organizational culture in fraud deterrence
2. Advanced Anti-Money Laundering Compliance
By the end of this unit, learners will be able to:
- Explain the principles and international standards of AML compliance
- Understand the role of global and national regulatory bodies (e.g. FATF, FCA, FinCEN)
- Identify and apply key AML controls, including KYC and customer onboarding procedures
- Ensure operational compliance through documentation and reporting practices
3. Risk Assessment and Due Diligence Techniques
By the end of this unit, learners will be able to:
- Conduct basic risk assessments related to financial transactions and customer relationships
- Apply Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures
- Understand how to verify identities and monitor high-risk customers
- Recognize the importance of record-keeping and ongoing risk monitoring
4. Identifying Suspicious Transactions and Red Flags
By the end of this unit, learners will be able to:
- Detect red flags in financial transactions and behaviors
- Analyze transaction patterns that may indicate fraud or money laundering
- Understand thresholds and reporting requirements for suspicious activities
- Apply procedures to escalate and report suspicious matters internally and externally
5. Legal Framework and Regulatory Compliance
By the end of this unit, learners will be able to:
- Understand key legislation and regulations relating to AML and fraud prevention (e.g. AMLD, POCA)
- Identify legal responsibilities for employees, managers, and organizations
- Comply with sector-specific requirements for AML reporting and compliance monitoring
- Recognize the consequences of non-compliance, including fines and reputational damage
The QualCert Level 2 Certificate in Fraud Management & Anti-Money Laundering Awareness, is ideal for:
- Compliance and Risk Management Professionals
Those working in or moving into roles focused on compliance, governance, or operational risk. - Finance, Banking, and Insurance Staff
Employees responsible for customer due diligence (CDD), transaction monitoring, or internal controls. - AML Analysts and Internal Auditors
Junior-level professionals who need to strengthen their understanding of AML frameworks and fraud risks. - Legal and Administrative Staff
Individuals handling documentation, client onboarding, or records management in regulated sectors. - Supervisors and Team Leaders
Managers responsible for enforcing compliance procedures in their teams or departments. - Graduates and Career Changers
Those aiming to build a career in financial crime prevention, regulatory compliance, or forensic auditing.