Fraud Prevention is high on the regulatory agenda. Documented, appropriate systems and controls to manage the fraud risks are vital to meet the regulatory requirements. It is also important that staff understand the need for effective control to protect the firm from financial loss and possible regulatory action, and themselves from suspicion. Compliance with the firm’s policies and procedures is therefore essential.

While internal fraud is on the increase, staff are an essential part of the internal control system. Staff pose a risk as well as a control. This course is designed to provide your staff with an understanding of fraud and the destructive effect it can have both on individuals and the firm in general. The session emphasises the FSA approach to fraud and your firm’s policies in dealing with fraud when it occurs.

The “Whistleblowing” Act (Public Interest Disclosure) will also be described; particularly the requirement to report incidents of mal-practice to Management.