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Singapore Fraud Awareness & Prevention training

Eight microlessons on financial fraud: the main types, warning signs, reporting, prevention controls and the role of managers, plus Singapore's anti-fraud laws and your obligations, with a certificate of completion.

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Fraud Awareness & Prevention (Singapore) course preview
8Short, TikTok-style microlessonsIn the browser or the iOS and Android apps

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  • OnlineSelf-paced format
  • 8Microlessons
  • IncludedCertificate of completion
About this course

What the Singapore Fraud Awareness & Prevention course covers

This course covers fraud awareness and prevention for Singapore in eight microlessons. It's built for everyone working in financial services in Singapore, and covers the main types of fraud, the warning signs, reporting and responding, prevention controls such as KYC and transaction monitoring, and the role of managers, plus Singapore's legal framework and your own obligations, from suspicious transaction reports to the Shared Responsibility Framework.

Learning outcomes

What your people will be able to do

  • Identify common financial fraud schemes and the signs that tell them apart
  • Detect behavioral, document and transaction red flags
  • Follow Singapore escalation procedures to report suspicious transactions through your MLRO and SONAR
  • Apply KYC, transaction monitoring and cybersecurity controls to prevent fraud
  • Follow internal reporting, whistleblowing and record keeping practices in line with FATF standards and MAS expectations
  • Manage fraud risk, leadership accountability and Shared Responsibility Framework obligations
Course contents

8 microlessons

Each microlesson is a short, TikTok-style video lesson.

1Introduction to Financial Fraud and Global Legal Frameworks
2Common Types of Financial Fraud
3Detecting Financial Fraud
4Reporting and Responding to Financial Fraud
5Preventing Financial Fraud
6The Manager's and Organisational Role in Fraud Prevention
7Singapore's Anti-Fraud Legal Framework
8Your Obligations in Singapore

  1. Introduction to Financial Fraud and Global Legal Frameworks: What financial fraud is, its global impact and the international frameworks against it.
  2. Common Types of Financial Fraud: Identity theft, payment fraud, investment fraud, cybercrime and insider threats.
  3. Detecting Financial Fraud: The warning signs in customer behavior, documents, transactions and systems.
  4. Reporting and Responding to Financial Fraud: Internal and external reporting, whistleblowing and record keeping.
  5. Preventing Financial Fraud: KYC, customer due diligence, transaction monitoring and cybersecurity controls.
  6. The Manager's and Organisational Role in Fraud Prevention: A fraud-aware culture, risk assessment, governance and leadership responsibility.
  7. Singapore's Anti-Fraud Legal Framework: Suspicious transaction reporting and tipping off under the CDSA, the Penal Code, the Computer Misuse Act and MAS rules.
  8. Your Obligations in Singapore: Escalating to your MLRO, the Shared Responsibility Framework, the Protection from Scams Act and MAS accountability guidelines.
A 5Mins certificate of completion for Fraud Awareness & Prevention (Singapore), lying on a desk next to a laptop
Certificate

A certificate for every learner who completes it

Learners finish every microlesson. 5Mins then issues a certificate of completion for Fraud Awareness & Prevention (Singapore).

  • Certificates and e-signatures stored against each learner
  • Audit-ready records, ready whenever an auditor asks
  • Completion shows on the Compliance Dashboard in real time
Audience and regulation

Who it's for and the law it covers

Who it's for

  • Everyone working in banks, payment firms, fintechs and insurers in Singapore
  • Customer-facing, onboarding, operations and payments teams
  • Managers responsible for controls and fraud risk
  • Compliance officers and MLROs

Laws covered

  • Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (CDSA). Requires suspicious transaction reports to the Suspicious Transaction Reporting Office and makes tipping off an offense.
  • Penal Code and Computer Misuse Act. Set out offenses such as cheating, forgery and unauthorized access to computer systems.
  • MAS rules and the Shared Responsibility Framework. Set expectations for financial institutions on fraud controls, and share responsibility for phishing scam losses between financial institutions and telcos.
  • Protection from Scams Act. Lets the police issue restriction orders to banks to protect people who are being scammed.
How it runs in 5Mins

Assign it once, then let 5Mins do the chasing

Every course in the 5Mins library runs on the same zero-admin engine.

  • EnrollAuto-enroll

    Enroll people automatically from your HR system, with 100+ HRIS platforms supported.

  • RemindReminders

    Nudges by email, Slack, Microsoft Teams and push until the course is done.

  • RepeatRecurrence

    Set the course to repeat, for example every 12 months, and 5Mins re-enrolls people for you.

  • CertifyCertificates

    Certificates and e-signatures are issued and stored for every completion.

  • ProveAudit-ready records

    See who is complete, at risk or overdue on the Compliance Dashboard, and prove it any time.

Customer stories

Compliance teams that swapped chasing for results

Compliance, HR and L&D leaders on what changed when they moved their training to 5Mins. Pick a team to see what changed.

ComplianceCompliance Training Insurance, 205 colleagues 100%

compliance completion and pass rate since go-live

  • ~1 day saved on each compliance course (HR estimate)
  • Automated reminders and reporting

Since go-live, our compliance completion and pass rates are 100%, and it's the quickest we've ever got there. Automated reminders and reporting save us about a day per course.

Laura ChappellLaura ChappellHR Director, Collingwood
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ComplianceCompliance Training Insurance and emergency accommodation 87%

less session time, from 2.5-3 hour sessions to modules of 25 minutes at most

  • 12 monthly sessions a year, up from 3-4
  • 95% content creation time saved

Our compliance sessions used to be two and a half to three hours in a room, and we could fit in three or four a year. Now we cover one topic a month, and I can see exactly what people are retaining.

Lucy WybornLucy WybornDirector of Learning and Development, ICAB
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ComplianceCompliance Training Legal services 80%

completion on mandatory training, up from 20%

  • Mobile microlessons finished between calls
  • Manager view of each team's progress

We were sitting at 20% completion on our mandatory training. We're now at 80%. People finish short lessons between calls, on mobile, and managers can see where their teams are, so chasing completion is no longer a one-person job.

Jamie WaltonJamie WaltonGroup Learning and Development Officer, Winn Solicitors
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ComplianceCompliance Training Fintech and digital banking On demand

training log showing who did what, when, and the pass rate

  • Any device phone or laptop, at their own pace
  • Rolling refreshers through the year

When I engage with the FCA, I can show that every team has had training tailored to their role, that it's up to date, and that it runs throughout the year, with a full log of who's done what.

Abdul GofurAbdul GofurHead of Compliance & Anti-Financial Crime, nsave
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★ Free sample lesson

See 5Mins in action with a free sample lesson

Interested in Singapore Fraud Awareness & Prevention training? Request a free sample lesson, book a short demo with our team, and we'll share your sample lessons after the call.

  • Real microlessons from our library
  • A short demo with our team
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Free course catalogues

Take the catalogues with you

Free PDF catalogues to share with your compliance lead, your managers or your board.

Global Financial Compliance Catalogue cover
Financial services

Global Financial Compliance Catalogue

Specialized compliance training for financial services teams working across borders, covering AML, risk management, customer due diligence and international regulations.

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Compliance

Global Compliance Catalogue

Stay compliant across every market you operate in, with regulatory training covering GDPR, data protection, workplace safety and more.

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Your questions answered

Questions about Singapore Fraud Awareness & Prevention training

How long is the Singapore Fraud Awareness & Prevention course?

It's made up of 8 microlessons, each under 5 minutes. Learners can finish it in one sitting or spread it over a few days, and 5Mins sends reminders until it is done.

Is there a certificate?

Yes. Learners get a certificate of completion once they finish every microlesson. The record is stored in 5Mins for audits.

What does the course cover for Singapore?

Two lessons focus on Singapore: suspicious transaction reporting and tipping off under the CDSA, the Penal Code and Computer Misuse Act, MAS expectations, the Shared Responsibility Framework and the Protection from Scams Act.

Is there a version for other countries?

Yes. 5Mins also has Fraud Awareness & Prevention courses for the UK, the Netherlands and Spain, and a global version.

Who should take this course?

Everyone working in financial services in Singapore, especially customer-facing, onboarding, operations and payments teams, and the managers and compliance officers who own fraud controls.

Can I try the course first?

Yes. Request a free sample lesson and book a short demo with our team. After your demo, we'll share sample lessons with you so you can see the format for yourself.

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