In today’s fast-evolving financial landscape, combating fraud and money laundering has become more critical than ever. Organizations worldwide face increasing regulatory scrutiny, and professionals equipped with advanced fraud detection and anti-money laundering (AML) skills are in high demand. The QualCert Level 3 Award in Fraud Management & Anti-Money Laundering Awareness is designed to meet this growing need by offering a comprehensive, practical qualification that prepares learners to tackle complex financial crime challenges effectively.
The QualCert Level 3 Award is a UK-regulated, internationally recognized qualification aimed at professionals who want to deepen their knowledge and practical skills in fraud prevention and AML compliance. Building upon foundational and intermediate concepts, this advanced course covers in-depth strategies for risk management, legal frameworks, and operational implementation within organizations.
Delivered entirely through assignment-based assessments, this course allows for flexible learning while ensuring a thorough understanding of both theoretical and practical elements of fraud and AML management.
This two-day intensive training program comprises six core units, each designed to provide critical insights and applied knowledge in key areas of fraud management and AML compliance. The course content aligns with global standards, including FATF recommendations and relevant UK legislation, ensuring learners gain relevant and actionable expertise.
The QualCert Level 3 Award in Fraud Management & Anti-Money Laundering Awareness is more than just a qualification—it’s a critical step toward becoming a leader in financial crime prevention. Whether you’re aiming to enhance your expertise, meet regulatory demands, or boost your career prospects, this award equips you with the knowledge and skills to make a significant impact in the fight against fraud and money laundering.
Take the next step in your professional journey—enroll today and safeguard the future of your organization.
Course Contents of QualCert Level 3 Award in Fraud Management & Anti-Money Laundering Awareness :
The QualCert Level 3 Award in Fraud Management & Anti-Money Laundering Awareness, offers 6 Credits, requiring a Total Qualification Time (TQT) of 30 hours, including 18 Guided Learning Hours (GLH).
| Unit Ref# | Unit Title | Credit | GLH | TQT |
| QC06088-1 | Strategic Overview of Financial Fraud and AML Risks | 1 | 3 | 5 |
| QC06088-2 | Designing and Implementing Internal Controls for Fraud Prevention | 1 | 3 | 5 |
| QC06088-3 | Advanced Risk-Based Approach in AML Compliance | 1 | 3 | 5 |
| QC06088-4 | Investigating Fraud Cases and Supporting Evidence Gathering | 1 | 3 | 5 |
| QC06088-5 | Role of Technology in AML & Fraud Detection (KYC, AI, Transaction Monitoring) | 1 | 3 | 5 |
| QC06088-6 | Compliance Culture and Ethical Governance in Financial Operations | 1 | 3 | 5 |
Entry Requirements for the QualCert Level 3 Award in Fraud Management & Anti-Money Laundering Awareness:
To enroll in the QualCert Level 3 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 Qualifications: Completion of the QualCert Level 2 Award in Fraud Management & AML Awareness or an equivalent qualification in fraud prevention or AML is highly recommended
- Work Experience: Candidates with relevant professional experience in compliance, finance, or related fields may be accepted without prior formal qualifications
- Language Proficiency: A proficient level of English language skills (reading, writing, and comprehension) is essential to understand course materials and complete assignments
- IT Skills: Basic computer literacy and the ability to use online learning platforms for submitting assignments and accessing course resources
Learning Outcomes of QualCert Level 3 Award in Fraud Management & Anti-Money Laundering Awareness:
1. Strategic Overview of Financial Fraud and AML Risks
Upon completion of this unit, learners will be able to:
- Understand the strategic landscape of financial fraud and anti-money laundering risks
- Analyze emerging trends and their impact on organizational risk profiles
- Evaluate the implications of fraud and AML risks on business continuity and reputation
- Develop a high-level awareness of regulatory expectations and compliance challenges
2. Designing and Implementing Internal Controls for Fraud Prevention
Upon completion of this unit, learners will be able to:
- Design effective internal control frameworks to mitigate fraud risks within organizations
- Implement best practices for fraud prevention across operational processes
- Assess the effectiveness of existing controls and recommend improvements
- Promote organizational accountability through control monitoring and reporting
3. Advanced Risk-Based Approach in AML Compliance
Upon completion of this unit, learners will be able to:
- Apply a risk-based methodology to identify, assess, and manage AML risks
- Develop customer risk profiles and conduct enhanced due diligence accordingly
- Integrate advanced AML controls into organizational policies and procedures
- Monitor and update AML strategies in response to changing regulatory landscapes
4. Investigating Fraud Cases and Supporting Evidence Gathering
Upon completion of this unit, learners will be able to:
- Plan and conduct thorough investigations into suspected fraud incidents
- Collect, document, and preserve evidence in compliance with legal standards
- Apply investigative techniques to identify fraud schemes and perpetrators
- Support legal and disciplinary actions with well-prepared investigative reports
5. Role of Technology in AML & Fraud Detection (KYC, AI, Transaction Monitoring)
Upon completion of this unit, learners will be able to:
- Understand the application of technology, including AI and machine learning, in fraud detection and AML
- Evaluate KYC processes and digital tools for verifying customer identities
- Utilize transaction monitoring systems to detect suspicious patterns and activities
- Assess technological solutions’ effectiveness and identify areas for technological enhancement
6. Compliance Culture and Ethical Governance in Financial Operations
Upon completion of this unit, learners will be able to:
- Promote a strong compliance culture within financial organizations
- Understand the role of ethical governance in preventing fraud and money laundering
- Develop policies that foster transparency, accountability, and ethical behavior
- Encourage employee engagement and training to sustain ongoing compliance efforts
The QualCert Level 3 Award in Fraud Management & Anti-Money Laundering Awareness, is ideal for:
- Compliance Officers and Risk Managers responsible for overseeing fraud prevention and AML programs
- Banking, Finance, and Insurance Professionals aiming to enhance their expertise in financial crime detection
- Internal Auditors and Investigators tasked with fraud investigations and evidence collection
- Legal and Regulatory Advisors specializing in anti-fraud and AML compliance
- Senior Managers and Executives seeking to embed a culture of ethical governance and regulatory adherence
- Individuals who have completed Level 2 qualifications and wish to progress to more strategic roles in fraud and AML management
- Professionals worldwide looking for a UK-regulated, assignment-based qualification that supports global compliance standards