Start Free Trial

Fraud Awareness & Prevention training

Six microlessons on UK fraud law, common types of financial fraud, detecting and reporting it, and preventing it, with two situational tests and a certificate of completion.

Start free trial
G24.6Capterra4.7
Fraud Awareness & Prevention (UK) course preview
6Short, TikTok-style microlessonsIn the browser or the iOS and Android apps

Compliance teams that chose 5Mins

Read their stories
Collingwood nsave ICAB Delamode LOQBOX Kennedys GSK Student Cribs Millennium Hotels Paris Baguette
  • 2Assessments
  • 6Microlessons
  • IncludedCertificate of completion
About this course

What the Fraud Awareness & Prevention course covers

This course covers fraud awareness and prevention in six microlessons. It's built for everyone working in regulated firms, and covers financial fraud and the UK legal framework, common types of fraud from payment fraud to insider threats, detecting fraud, reporting and responding, prevention controls, and the role of managers and the organization.

Learning outcomes

What your people will be able to do

  • Apply UK fraud law and regulatory obligations, including the Fraud Act 2006, the Money Laundering Regulations and the Economic Crime and Corporate Transparency Act 2023
  • Detect common fraud indicators through monitoring and spotting anomalies
  • Assess suspicions and follow internal reporting, confidentiality and tipping-off rules
  • Carry out customer due diligence, ongoing KYC and enhanced checks for higher-risk situations
  • Use practical prevention controls such as dual authorization, access limits, strong passwords and payment holds
  • Support fraud risk assessments and senior manager responsibilities for fraud prevention
Course contents

6 microlessons

Each microlesson is a short, TikTok-style video lesson, with knowledge checks along the way.

1Introduction to Financial Fraud and The Legal Framework
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

  1. Introduction to Financial Fraud and The Legal Framework: What financial fraud is and the UK laws that apply.
  2. Common Types Of Financial Fraud: From payment fraud to insider threats.
  3. Detecting Financial Fraud: The warning signs in transactions and behavior.
  4. Reporting And Responding To Financial Fraud: Internal reporting, suspicious activity and tipping off.
  5. Preventing Financial Fraud: Everyday controls that stop fraud.
  6. The Manager's And Organisational Role In Fraud Prevention: Risk assessment, resources and senior manager accountability.
A 5Mins certificate of completion for Fraud Awareness & Prevention (UK), lying on a desk next to a laptop
Certificate

A certificate for every learner who completes it

Learners finish every microlesson and pass the assessments with a score of 100% or more. 5Mins then issues a certificate of completion for Fraud Awareness & Prevention (UK).

  • 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 FCA-regulated firms, including payments and fintech
  • Customer-facing, operations and payments teams
  • Managers responsible for controls and staff access
  • Compliance, risk and finance teams

Laws covered

  • Fraud Act 2006. Sets out the main fraud offenses, including fraud by false representation, failing to disclose information and abuse of position.
  • Economic Crime and Corporate Transparency Act 2023. Created the failure to prevent fraud offense for large organizations.
  • Money Laundering Regulations 2017. Customer due diligence, monitoring and reporting duties for regulated firms.
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
Read the Collingwood story
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
Read the ICAB story
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
See more customer stories
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
Read the nsave story
★ Free sample lesson

See 5Mins in action with a free sample lesson

Interested in 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
  • No card needed

Get a free sample lesson

Use your work email so we can arrange your demo.

We'll use your details to arrange your demo and contact you about 5Mins. See our privacy policy.

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.

UK Compliance Catalogue cover
UK compliance

UK Compliance Catalogue

Built for UK organizations, covering GDPR, RIDDOR, Martyn's Law, employment law and the regulations your team needs day to day.

Global Compliance Catalogue cover
Compliance

Global Compliance Catalogue

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

Browse all course catalogues

Your questions answered

Questions about Fraud Awareness & Prevention training

How long is the Fraud Awareness & Prevention course?

It's made up of 6 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 and pass the situational tests with a score of 100%. The record is stored in 5Mins for audits.

What is the failure to prevent fraud offense?

Under the Economic Crime and Corporate Transparency Act 2023, large organizations can be liable if an employee or associate commits fraud for their benefit and they didn't have reasonable fraud prevention procedures. Training is part of those procedures.

Who should take this course?

Everyone working in regulated firms, especially customer-facing, payments, operations, compliance and finance teams. Failure to Prevent Fraud Offence (UK) goes deeper on the new offense.

What should staff do if they suspect fraud?

Report it straight away through your internal channel, keep it confidential and don't tip off the person involved. The course covers the steps.

How often should staff take fraud training?

Many firms refresh it every year. In 5Mins you can set the course to repeat, for example every 12 months.

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.

Keep exploring

Related courses

Financial Services & Regulation

Failure to Prevent Fraud Offence (UK)

6 microlessons View course
Financial Services & Regulation

Anti-Money Laundering and Counter-Terrorist Financing (Global)

7 microlessons View course
Financial Services & Regulation

Anti-corruption & Anti-bribery (UK)

6 microlessons View course
HR, Ethics & Conduct

Whistleblowing (UK)

6 microlessons View course
Cybersecurity & Data Protection

Phishing Awareness (UK)

4 microlessons View course
Financial Services & Regulation

Conflict of Interest (Global)

4 microlessons View course
All compliance micro coursesBrowse the course collection
Explore 5Mins

More free resources from 5Mins

Course collection5,000+ ready-made micro courses.Explore Course cataloguesFree PDFs to share with your team.Explore Customer success storiesFilms and case studies by industry.Explore WebinarsHR Declassified, AI Declassified and Inside 5Mins.Explore Templates and guidesSkills matrix templates and how-to guides.Explore BlogGuides on compliance, AI and leadership.Explore
Get started

Give your people compliance training they'll actually enjoy

Assign Fraud Awareness & Prevention and 5,000+ other micro courses in minutes, or turn your own policies into microlessons with AI Studio.

Start free trial