The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness is a foundational qualification designed to equip learners with the essential knowledge and awareness of how fraud and money laundering impact businesses, financial institutions, and global economies. The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness provides an accessible, structured introduction to the key principles of fraud prevention, detection, and compliance with Anti-Money Laundering (AML) regulations.
In today’s financial and digital age, organisations across the banking, insurance, retail, legal, and government sectors are at constant risk of fraudulent activities and financial crime. To meet growing regulatory demands and safeguard assets, companies are actively seeking trained individuals who understand the basics of fraud schemes, money laundering tactics, and the legal obligations surrounding financial compliance. The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness addresses this need by building awareness and practical understanding for learners at the beginning of their career or training journey.
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness explores core areas such as fraud typologies, red flag indicators, the role of compliance, customer due diligence (CDD), Know Your Customer (KYC), suspicious activity reporting, and the fundamentals of international AML frameworks, including the Financial Action Task Force (FATF) guidelines. It offers insight into how businesses are legally required to monitor financial transactions, manage risk, and report suspicious behaviour.
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness is ideal for entry-level employees, support staff, students, and individuals looking to build a foundation in financial crime prevention. Whether you’re working in customer service, administration, accounts, or considering a future role in compliance or fraud investigation, this course provides the knowledge and tools needed to operate responsibly and support a culture of legal and ethical compliance.
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness not only enhances workplace readiness in regulated sectors but also serves as a stepping stone to more advanced studies, such as the QualCert Level 3 Diploma in Fraud Management & AML Awareness or specialist certifications in financial crime, governance, and internal audit.
By completing the QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness , learners will gain practical knowledge to help organisations identify risks, meet regulatory obligations, and prevent fraudulent financial behaviour. It’s a smart choice for those beginning their compliance career journey or wishing to understand how to protect businesses from one of the most widespread threats in modern finance.
QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness offers 42 Credits, requiring a Total Qualification Time (TQT) of 210 hours, including 150 Guided Learning Hours (GLH).
| Unit Ref# | Unit Title | Credit | GLH | TQT |
| QC06093-1 | Understanding Fraud Risks and Prevention Strategies | 7 | 25 | 35 |
| QC06093-2 | AML Compliance and Due Diligence Practices | 7 | 25 | 35 |
| QC06093-3 | Identifying Suspicious Transactions and Red Flags | 7 | 25 | 35 |
| QC06093-4 | Legal and Regulatory Framework for Fraud and AML | 7 | 25 | 35 |
| QC06093-5 | Investigating Fraud Incidents and Evidence Handling | 7 | 25 | 35 |
| QC06093-6 | Enhancing Fraud Prevention through Organizational Culture | 7 | 25 | 35 |
GLH (Guided Learning Hours) and TQT (Total Qualification Time) are terms commonly used in vocational qualifications to help define the amount of time a learner is expected to spend on their studies.
1. GLH (Guided Learning Hours)
GLH refers to the number of hours a learner spends being directly taught, supervised, or supported during their course. This includes the time spent in activities such as:
- Classroom instruction
- Practical workshops
- One-on-one tutoring or mentoring sessions
- Online learning sessions with tutor support
In other words, GLH represents the time that learners are actively engaged with their instructors or learning activities.
2. TQT (Total Qualification Time)
TQT represents the total amount of time a learner is expected to invest in completing a qualification, including:
- GLH (Guided Learning Hours): Time spent on direct learning, as explained above.
- Self-Directed Learning: This includes time spent on independent study, research, assignment completion, preparation for exams, and any other work the learner does outside of direct teaching hours.
TQT is a broader measure that includes all the time required to achieve the qualification. It helps learners and employers understand the overall commitment required for the qualification.
Key Differences Between GLH and TQT:
- GLH focuses on direct learning with guidance or supervision.
- TQT includes GLH as well as independent study time and other learning-related activities.
Example:
If a qualification has a TQT of 600 hours and a GLH of 250 hours, it means the learner should spend 250 hours in direct learning (classroom, online, or tutor-led sessions) and 350 hours on independent study or research.
Learning Outcomes of QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness:
1. Understanding Fraud Risks and Prevention Strategies
By the end of this unit, learners will be able to:
- Identify common types of fraud risks in business and financial environments.
- Assess internal and external threats to organizational integrity.
- Apply basic fraud prevention and detection techniques.
- Understand the importance of early fraud risk identification and control mechanisms.
2. AML Compliance and Due Diligence Practices
By the end of this unit, learners will be able to:
- Explain the key principles and obligations of anti-money laundering (AML) compliance.
- Apply customer due diligence (CDD) and enhanced due diligence (EDD) procedures.
- Understand the roles of regulated entities in AML enforcement.
- Interpret compliance obligations under local and international AML frameworks.
3. Identifying Suspicious Transactions and Red Flags
By the end of this unit, learners will be able to:
- Recognize behavioral and transactional indicators of suspicious activity.
- Categorize types of red flags associated with money laundering and fraud.
- Document and report suspicious transactions according to regulatory standards.
- Collaborate with relevant authorities and internal stakeholders in escalation procedures.
4. Legal and Regulatory Framework for Fraud and AML
By the end of this unit, learners will be able to:
- Identify national and international laws related to fraud and AML compliance.
- Understand the roles of regulatory bodies and enforcement agencies.
- Analyze penalties and legal consequences of non-compliance.
- Ensure adherence to key acts, regulations, and industry guidelines.
5. Investigating Fraud Incidents and Evidence Handling
By the end of this unit, learners will be able to:
- Outline the stages of a fraud investigation process.
- Gather, document, and preserve evidence in compliance with legal requirements.
- Apply investigation best practices, including interviewing and data analysis.
- Maintain confidentiality, accuracy, and ethical standards during investigations.
6. Enhancing Fraud Prevention through Organizational Culture
By the end of this unit, learners will be able to:
- Promote ethical practices and a culture of compliance in the workplace.
- Identify how leadership and training influence fraud mitigation.
- Develop internal policies and awareness programs to prevent fraud.
- Understand the value of whistleblowing mechanisms and employee engagement.
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness offers a wide range of benefits for individuals beginning their journey in the fields of fraud prevention, financial compliance, and anti-money laundering (AML). This qualification is specifically designed to provide a solid foundation of knowledge and practical skills that are relevant across many industries where financial crime risks are present.
Here are the key benefits of this course in detail:
1. Foundational Knowledge of Fraud and AML Practices
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness introduces learners to the basic principles of fraud management and anti-money laundering, including the causes and consequences of financial crime, common fraud schemes, and how money laundering affects businesses and economies. It lays a clear foundation for anyone entering these fields.
2. Prepares Learners for Entry-Level Roles
Completing the QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness opens doors to support-level or junior positions in compliance, customer service, finance, banking, and operations. It’s especially useful for roles that require vigilance against suspicious activity, document verification, or customer due diligence (CDD).
3. Improves Awareness of Red Flags and Reporting Obligations
Learners will be able to identify early warning signs of fraud or money laundering within an organisation. The course teaches how to respond appropriately, including the basics of suspicious activity reports (SARs) and internal escalation procedures.
4. Boosts Employability Across Regulated Sectors
Professionals with AML and fraud awareness skills are increasingly sought after in sectors such as:
- Banking and financial services
- Legal services
- Insurance
- Accounting and auditing
- Real estate
- Government and public sector
By understanding risk and compliance requirements, learners make themselves more valuable to employers in these areas.
5. Supports Organisational Risk Management and Compliance
Employees who complete this course are better equipped to help their organisations remain compliant with national and international regulations. This includes contributing to effective internal controls, policy implementation, and maintaining ethical practices.
6. Develops Transferable Compliance and Communication Skills
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness helps learners improve their ability to work accurately, follow regulations, handle sensitive information, and communicate clearly within compliance and administrative frameworks—skills that are useful in many professional roles.
7. Aligned with Global Standards and Best Practices
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness introduces learners to globally accepted frameworks and guidelines such as:
- FATF (Financial Action Task Force) Recommendations
- UK Money Laundering Regulations (MLR)
- Know Your Customer (KYC) and Customer Due Diligence (CDD) procedures
This makes the course relevant and applicable internationally.
8. Accessible with No Prior Experience Required
This QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness does not require previous experience in AML or fraud management, making it ideal for school leavers, career starters, and individuals transitioning into regulated industries.
9. Pathway to Further Qualifications
The QualCert Level 2 Diploma is an excellent stepping stone to more advanced qualifications, such as:
- QualCert Level 3 Diploma in Fraud Management & AML Awareness
- Certificates in Compliance, Internal Audit, or Financial Risk
- Professional memberships or certifications with bodies such as ACAMS or ICA
10. Flexible and Career-Focused Learning
Many training providers offer this course through online or blended learning, allowing learners to balance study with work or other commitments. The curriculum is practical, industry-aligned, and designed to make a real impact in the workplace.
Summary of Benefits
- Builds strong foundational knowledge in fraud and AML
- Enhances job prospects in banking, finance, and legal sectors
- Helps detect and report suspicious financial activity
- Supports organisational compliance and ethical practices
- Suitable for beginners and non-specialists
- Aligned with international AML standards
- Offers a direct pathway to advanced qualifications and roles
- Improves transferable skills useful in all professional settings
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness is a smart first step for anyone looking to enter the world of compliance and financial crime prevention. It empowers learners with practical awareness, boosts their employability, and contributes to a safer and more transparent business environment.
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness is designed for learners at the early stage of their education or career who want to build essential knowledge in financial crime prevention, compliance, and ethical business practice. It caters to a wide range of individuals, from school leavers to entry-level professionals, providing a strong foundation in understanding fraud risks, money laundering tactics, and regulatory obligations in different sectors.
Below is a detailed profile of the ideal learner for the QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness :
1. School Leavers and College Students
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness is ideal for individuals who have recently completed secondary education and are exploring potential career paths in finance, business administration, compliance, or law enforcement. It provides a beginner-friendly introduction to key topics like fraud schemes, AML procedures, and financial regulations.
Ideal for:
- Students interested in business, finance, or law
- College learners seeking a practical, career-relevant qualification
- Individuals preparing for further study in compliance, criminology, or public policy
2. Entry-Level Professionals in Banking, Finance, or Retail
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness is perfectly suited for employees in frontline or operational roles within banks, money service businesses, and customer-facing financial services. These individuals often deal with client transactions and need to be aware of basic fraud and AML red flags.
Ideal for:
- Bank tellers and financial services assistants
- Customer service representatives in regulated sectors
- Cashiers, payment processors, and retail staff handling high-value transactions
3. Administrative and Support Staff
Learners who support teams in legal firms, financial institutions, or corporate departments can greatly benefit from understanding how fraud and AML risks are managed. The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness equips them with the awareness to recognise suspicious activities and respond in line with company policies.
Ideal for:
- Office assistants and administrative staff
- Legal secretaries and compliance support teams
- Operations and back-office staff in regulated businesses
4. Career Changers and Adult Learners
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness is also ideal for adults looking to reskill or switch careers into financial compliance, fraud prevention, or risk management. It offers a simple, accessible starting point without the need for previous qualifications or industry experience.
Ideal for:
- Individuals re-entering the workforce
- Professionals transitioning from unrelated sectors (e.g. hospitality, logistics)
- Parents, part-time workers, or retirees seeking a new direction
5. Employees in High-Risk or Regulated Industries
Professionals working in sectors prone to financial crime, such as real estate, accounting, gaming, and legal services, benefit from understanding AML basics and how to meet their reporting obligations under relevant regulations.
Ideal for:
- Real estate agents and property consultants
- Bookkeepers and independent accountants
- Legal clerks, notaries, and documentation officers
6. International Learners and Support Staff in Global Organisations
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness is beneficial for non-native English speakers or international learners who want to gain UK-based or internationally recognised compliance knowledge to support their roles in multinational companies.
Ideal for:
- International support staff in banks or corporations
- Offshore team members supporting financial operations
- Global learners preparing for further study in compliance or law
7. Individuals Preparing for Further Training
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness is a strong first step for anyone looking to move into more advanced studies in fraud investigation, anti-money laundering, or financial crime risk management. It offers a structured pathway to Level 3 and professional certifications.
Ideal for:
- Learners planning to progress to Level 3 diplomas
- Individuals interested in ICA, ACAMS, or regulatory compliance certifications
- Beginners seeking confidence before advancing to specialist roles
Summary – Who Should Enrol?
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness is ideal for individuals who:
- Are new to the finance, compliance, or legal sectors
- Want to understand how fraud and money laundering occur in real-world settings
- Are currently in or seeking entry-level positions in regulated environments
- Plan to build a career in fraud investigation, AML compliance, or ethical business practice
- Require foundational knowledge for further study or training
- Work in sectors exposed to financial crime risks and want to strengthen their compliance role
The QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness empowers learners with essential awareness, enhances their employability, and builds a professional mindset focused on compliance, integrity, and organisational safety.
Entry Requirements
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Qualification Process
Qualification Process for the QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness
- Self-Assessment:
Begin by evaluating your eligibility to ensure you meet the qualification requirements, including work experience, knowledge, and language proficiency. - Registration:
Complete your registration by submitting the required documents, including a scanned copy of a valid ID, and paying the registration fee. - Induction:
An assessor will conduct an induction to confirm your eligibility for the course and explain the evidence requirements. If you do not meet the criteria, your registration will be canceled, and the fee will be refunded. - Assignmnets & Evidence Submission:
Provide all assignmnets and the necessary evidence based on the assessment criteria outlined in the course. If you are unsure of the required evidence, consult with the assessor for guidance on the type and nature of evidence needed. - Feedback and Revision:
The assessor will review your submitted evidence and provide feedback. Evidence that meets the criteria will be marked as “Criteria Met,” while any gaps will be identified. You will be asked to revise and resubmit if needed. - Competence Evidence:
Submit final evidence demonstrating that all learning outcomes have been met. This evidence will be marked as “Criteria Met” by the assessor once it is satisfactory. - Internal Quality Assurance (IQA):
The Internal Quality Assurance Verifier (IQA) will review your evidence to ensure consistency, quality, and compliance with standards. - External Verification:
The IQA will submit your portfolio to QualCert External Quality Assurance Verifiers (EQA) for final confirmation. The EQA may contact you directly to verify the authenticity of your evidence. - Certification:
Upon successful completion of all checks, QualCert will issue your official certificate, confirming that you have attained the QualCert Level 2 Diploma in Fraud Management & Anti-Money Laundering Awareness.
