Fraud Prevention and Compliance Best Practices (A Practical Guide)

Fraud Prevention and Compliance Best Practices (A Practical Guide)

Picture of Mindaugas Petrauskas

Mindaugas Petrauskas

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About this course

Learn from the GOWISE team’s experience working with fintech companies about the key challenges in fraud prevention, the importance of a consistent control framework across the financial industry, and the need for continuous knowledge updates to identify emerging fraud risks.

Fraud Prevention and Compliance Best Practices (A Practical Guide) Programme

Download course overview

  • The objectives of this seminar are to:

  • Strengthen specialists’ ability to determine appropriate approaches across a range of fraud risk scenarios.
  • Provide and consolidate the knowledge required for effective fraud prevention through practical, experience-based learning.
  • Enhance understanding of common fraud schemes, vulnerabilities, and control gaps faced by financial institutions.
  • Develop teams’ capabilities to identify, assess, and respond to real-world fraud risks and incidents.
  • Improve participants’ confidence in handling fraud alerts, investigations, and decision-making under uncertainty.
  • Reinforce best practices in fraud detection, case management, and documentation.
  • Improve programme participants’ professional efficiency and enhance their teams’ overall operational effectiveness.
  • Promote a consistent, risk-based and proactive approach to fraud prevention across the organisation.

  • Skills delivered

  • Understand the fundamentals of fraud risk management frameworks and regulatory expectations.
  • Identify key fraud schemes, control requirements, and organisational vulnerabilities.
  • Recognize common fraud methods and circumvention techniques.
  • Detect fraud red flags and assess potential exposure.
  • Conduct effective internal investigations of suspected fraud cases.
  • Apply practical fraud prevention controls and risk mitigation strategies.

Course Curriculum

1. Introduction to Fraud as a Predicate Crime

15 min.
  • Overview of fraud and its role in money laundering
  • Key responsibilities of AML professionals in fraud detection and prevention

2. Understanding Fraud Typologies & Legal Framework

20 min.
  • General information on fraud typologies (identity theft, insider fraud, cyber fraud, etc.)
  • Regulatory obligations and legal framework
  • Case studies and practical examples

3. Fraud Detection & Investigative Techniques

20 min.
  • Identifying fraud red flags and suspicious behaviors
  • Utilizing data analytics and AI for fraud detection
  • Practical examples and hands-on exercises

4. Mitigating Fraud Risks & Compliance Strategies

25 min.
  • Fraud risk assessment and prevention strategies
  • Implementing internal controls and compliance best practices
  • Collaboration with law enforcement and regulatory bodies

5. Practical Case Studies

25 min.
  • Interactive case analysis using real-world scenarios
  • Best practices for effective fraud prevention

6. Conclusion and Q&A

15 min.
  • Summary of key learning points
  • Frequently asked questions and answers
  • Additional resources and next steps
  • Open discussions and clarifications

Target Audience

  • AML/CFT compliance officers and MLROs
  • Financial crime and fraud prevention specialists
  • Risk management professionals
  • Internal auditors and investigators
  • Law enforcement and financial intelligence unit (FIU) analysts
  • Senior management with oversight of AML/CTF framework
  • FinTech, EMI, and virtual asset service provider (VASP) compliance staff

Videos and Seminar Notes

Access comprehensive seminar videos and notes that cover topics delivered during the sessions, helping you review and deepen your understanding at your own pace.

Quiz

Test your knowledge with interactive quizzes designed to reinforce learning and ensure you're on track with the course material.

Certificate of Completion

Receive a certificate of completion to showcase your achievement and enhance your professional credentials upon finishing the course.

145,00 €
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Course features

  • Lessons
  • Quiz
  • Duration
  • CPDs
  • Language
  • Skill level
  • Lesson format
  • 6
  • 1
  • 2 hours
  • 2
  • English
  • expert
  • Live Online
  • Live Online
  • 14/05/2026 8:00 am UTC

Certification

Receive a proof of learning with verified course certificate​

FAQs

Do I receive a certificate after completing the course?

Yes! Upon successful completion of the course and any required assessments, you will receive a certificate of completion. This certificate can be downloaded and shared on your professional profiles or with potential employers.

Courses are delivered entirely online through a mix of video lectures, interactive activities, downloadable resources, and optional live sessions, making learning engaging and flexible.
Most of our courses have no fixed deadlines, allowing you to complete them at your own pace. However, some live or cohort-based programs may have set schedules, which will be clearly mentioned
Yes! Once you enroll, you’ll have access to the course materials up to 5 years, including video lectures, resources, and downloadable content, so you can revisit them anytime.

All course materials, including video lectures, PDFs, and assignments, will be available on our online learning platform. You can log in anytime from your computer, tablet, or smartphone.

Our courses are accessible on all modern devices, including laptops, tablets, and smartphones. All you need is an internet connection, and you can learn anytime, anywhere.

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