In today’s increasingly regulated global economy, the demand for professionals who understand the intricacies of fraud prevention and anti-money laundering (AML) is higher than ever. The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness is designed to enhance your understanding of financial crime, regulatory frameworks, and effective risk management strategies.
Whether you’re progressing from an entry-level role or seeking to build your career in compliance and financial security, this diploma offers practical knowledge aligned with international standards.
The QualCert Level 2 Diploma builds on foundational knowledge and introduces learners to intermediate-level concepts in fraud detection, AML compliance, due diligence, and regulatory enforcement. This Ofqual-regulated qualification is globally recognized and delivered through a flexible, assignment-based format—ideal for professionals and learners seeking real-world application without the pressure of exams.
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness is more than a qualification—it’s a step toward becoming a key player in the fight against financial crime. With a growing global focus on transparency, compliance, and ethical governance, this diploma equips you with the tools to make a meaningful impact.
Invest in your career, enhance your expertise, and contribute to a safer, more accountable financial ecosystem.
Course Contents of QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness :
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness offers 42 Credits, requiring a Total Qualification Time (TQT) of 210 hours, including 150 Guided Learning Hours (GLH).
| Unit Ref# | Unit Title | Credit | GLH | TQT |
| QC06093-1 | Understanding Fraud Risks and Prevention Strategies | 7 | 25 | 35 |
| QC06093-2 | AML Compliance and Due Diligence Practices | 7 | 25 | 35 |
| QC06093-3 | Identifying Suspicious Transactions and Red Flags | 7 | 25 | 35 |
| QC06093-4 | Legal and Regulatory Framework for Fraud and AML | 7 | 25 | 35 |
| QC06093-5 | Investigating Fraud Incidents and Evidence Handling | 7 | 25 | 35 |
| QC06093-6 | Enhancing Fraud Prevention through Organizational Culture | 7 | 25 | 35 |
Entry Requirements for the QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness:
To enroll in the QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness, following are requirement:
- Level 1 Qualification or Equivalent:
Candidates are expected to hold a Level 1 Certificate or Diploma in Fraud Management, AML Awareness, or a related subject. Alternatively, relevant work experience in compliance, finance, or business operations may be considered. - Basic English Literacy and Numeracy Skills:
Candidates should possess a good command of English to understand course materials, complete assignments, and participate in discussions. - Interest in Financial Crime, Risk, or Compliance Fields:
A genuine interest in fraud prevention, risk management, or regulatory compliance will support successful completion of the course. - Age Requirement:
Candidates must typically be 16 years or older at the time of enrollment, though age requirements may vary by provider. - Access to a Learning Device and Internet:
As this course may be delivered via online or blended learning, students should have access to a computer or tablet with internet connectivity.
Learning Outcomes of QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness:
1. Understanding Fraud Risks and Prevention Strategies
By the end of this unit, learners will be able to:
- Identify common types of fraud risks in business and financial environments.
- Assess internal and external threats to organizational integrity.
- Apply basic fraud prevention and detection techniques.
- Understand the importance of early fraud risk identification and control mechanisms.
2. AML Compliance and Due Diligence Practices
By the end of this unit, learners will be able to:
- Explain the key principles and obligations of anti-money laundering (AML) compliance.
- Apply customer due diligence (CDD) and enhanced due diligence (EDD) procedures.
- Understand the roles of regulated entities in AML enforcement.
- Interpret compliance obligations under local and international AML frameworks.
3. Identifying Suspicious Transactions and Red Flags
By the end of this unit, learners will be able to:
- Recognize behavioral and transactional indicators of suspicious activity.
- Categorize types of red flags associated with money laundering and fraud.
- Document and report suspicious transactions according to regulatory standards.
- Collaborate with relevant authorities and internal stakeholders in escalation procedures.
4. Legal and Regulatory Framework for Fraud and AML
By the end of this unit, learners will be able to:
- Identify national and international laws related to fraud and AML compliance.
- Understand the roles of regulatory bodies and enforcement agencies.
- Analyze penalties and legal consequences of non-compliance.
- Ensure adherence to key acts, regulations, and industry guidelines.
5. Investigating Fraud Incidents and Evidence Handling
By the end of this unit, learners will be able to:
- Outline the stages of a fraud investigation process.
- Gather, document, and preserve evidence in compliance with legal requirements.
- Apply investigation best practices, including interviewing and data analysis.
- Maintain confidentiality, accuracy, and ethical standards during investigations.
6. Enhancing Fraud Prevention through Organizational Culture
By the end of this unit, learners will be able to:
- Promote ethical practices and a culture of compliance in the workplace.
- Identify how leadership and training influence fraud mitigation.
- Develop internal policies and awareness programs to prevent fraud.
- Understand the value of whistleblowing mechanisms and employee engagement.
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness, is ideal for:
- Compliance Officers & Risk Managers
Professionals responsible for managing internal controls, regulatory compliance, or financial integrity within organizations. - Finance, Banking & Insurance Staff
Individuals working in sectors where fraud risk and AML regulations are critical to daily operations. - Supervisory and Mid-Level Managers
Team leaders or department managers who oversee staff involved in handling sensitive financial data or transactions. - Law Enforcement & Legal Professionals
Officers and legal personnel seeking to broaden their expertise in fraud investigation and regulatory frameworks. - Business Owners & Entrepreneurs
Those looking to protect their businesses from fraud, ensure AML compliance, and foster an ethical culture. - Career Changers & Aspiring AML Specialists
Individuals aiming to move into the fields of compliance, anti-money laundering, or financial fraud prevention.