Preventing fraud and unethical business practices is a constant challenge for any organisation. The key to prevention is recognising red flags and having the necessary protocols in place to ensure business integrity. Our fraud and fair competition courses offer a comprehensive look into the critical issues surrounding fraud prevention, fair competition, and ethical business practices. The training empowers individuals and businesses alike to uphold fair competition and integrity in all aspects of their operations.

With our in-browser editing tool, you can now tailor any of the courses in real-time to reflect your organisation’s specific protocols for maintaining business integrity. Edits are clearly visible as you make them and results can easily be shared with your colleagues via a unique link.

Fraud: Failure to Prevent

This course outlines why and how and you should work within your organisation to actively prevent internal fraud in line with the UK’s Economic Crime and Corporate Transparency Act 2023. It covers the costs and impact of financial crime and explores the kinds of fraud commonly encountered on an organisational level.

The Failure to Prevent Fraud Offence is part of a landmark piece of legislation that places the responsibility of fraud prevention onto organisations themselves. In response, large companies find themselves needing to increase awareness of internal fraudulent practices and ensure they are actively working to prevent them.

We start by establishing the cost and impact of fraud in the UK, and then explore the kinds of corporate fraud that learners might encounter within their role. Then, we look at a variety of interactive scenarios to outline the correct course of action when encountering corporate fraud. Finally, we explore the legislation that makes the failure to prevent fraud a criminal offence. You’ll be able to select your role to understand your responsibilities around fraud prevention and whistleblowing processes and protections.

Learning outcomes

• Understand the risks and consequences of corporate fraud
• Recognise types of corporate fraud that fall under the legislation
• Explore the aims and reach of the Economic Crime and Corporate Transparency Act 2023
• Detail role-specific responsibilities and methods for preventing fraud

Understanding Fraud

This course provides a comprehensive introduction to all aspects of fraud from when, how and why it occurs, to ways in which you can detect, prevent and report fraud.

This course contains a blend of text-based and video-based learning. To begin, learners will define fraud and examine the kinds of fraud people commit, and why. In the second unit, we explore techniques to detect and prevent fraud, and identify why these efforts are so important. The final unit of the course focuses on the consequences of fraud by detailing how to report fraud and what happens during an investigation.

Through a dramatised video narrative woven throughout the course, you will learn to recognise the red flags exhibited when fraud may be taking place within your organisation. You will follow the short films to their investigative conclusion in order to recognise the impact and consequences of internal fraud. Finally, the course assessment will appraise your learning and ensure you can implement your awareness of fraud in real-world scenarios.

Learning outcomes

• Understand what fraud is, why people commit fraud and how it damages an organisation
• Explore how fraud occurs within an organisation
• Identify warning signs that fraud is taking place
• Recognise the importance of fraud prevention
• Implement effective fraud prevention techniques
• Follow investigative procedures and determine outcomes to investigations of fraud

Fraud: Failure to Prevent Knowledge Check

With the implementation of the Failure to Prevent Fraud Offence, it’s more crucial than ever for organisations to respond to fraud risks. As part of these efforts, ensuring employees are aware of how to recognise and respond to risks is vital.

Through this assessment-only course, you can ensure your knowledge and understanding of the Failure to Prevent Fraud offence is comprehensive and up to date. A positive assessment provides assurance that learners are aware and compliant with the ways in which the legislation affects their organisation and their role. Meanwhile a negative result serves to identify further training needs.

• Assess understanding of the the Economic Crime and Corporate Transparency Act 2023
• Validate awareness of how the Failure to Prevent Fraud offence is upheld for affected organisations
• Verify recognition of fraud prevention techniques and expectations
• Understand the risks and consequences of corporate fraud
• Appraise the wider impact of economic crime and benefits of preventing it