Fraud, Scams and Cyber-enabled Financial Crime

Programme Overview

This module is designed to equip leaners with essential knowledge and skills to detect, prevent, and manage frauds, scams, and cyber-enabled financial crimes within the financial services industry. Emphasizing real-world application, the course will leverage complex case studies and practical scenarios tailored to Singapore’s evolving regulatory landscape. Participants will deepen their understanding of fraud typologies, explore regulatory expectations, and gain strategies to foster a culture of fraud awareness across their organizations.

Total Training Duration: 8.5 CPD hours
Core FAA CPD: 4 hours
Core SFA CPD: 4 hours
Classroom Hours: 8.5
Preparatory Hours: 4

Learning Outcomes

By the end of this module, participants will be able to

Identify and evaluate situations that heighten the probability of fraud, scams, and cyber-enabled financial crimes.
Explain relevant regulations, policies, and procedures for preventing and detecting frauds, scams, and cyber-enabled financial crimes in financial services.
Anticipate potential fraud scenarios across different business areas and activities.
Coach staff to recognize vulnerabilities that could lead to fraud and scams, including control deficiencies.
Review, escalate, and resolve fraud cases with effective stakeholder engagement.
Drive the implementation of fraud and cybercrime controls and establish a management framework.
Advise on investigative methods for addressing complex fraud and cyber-enabled crime cases.
Engage with business leaders on feedback and escalation processes related to fraud and corruption risk.
Articulate and advocate for a culture of fraud risk awareness in daily operational tasks.

Download programme brochure

Who Should Attend

This course is designed for compliance professionals within the financial services sector with at least 3 years of relevant experience, including legal, enterprise/operational risk, audit professionals and those in control functions in the 1.5 line of defence. It is also relevant for external lawyers, consultants and accountants advising the financial services sector.

Useful Links

Certification

Participants who successfully complete the programme will be awarded:

Accreditation

IBF Accreditation

This course is currently undergoing accreditation IBF Standards Training Scheme (IBF-STS). Upon successful accreditation, the course will be eligible for IBF funding under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met.
For more information on the Skills Framework for Financial Services, please visit www.ibf.org.sg/home/for-financial-institutions/resource-tools/skills-framework-for-financial-services.

For more information on the IBF-STS, please visit www.ibf.org.sg/home/for-financial-institutions/resource-tools/skills-framework-for-financial-services.

Certification

About IBF Certification

This course addresses the following Technical Skills and Competencies (TSCs) and proficiency level:

Fraud Risk Management (PL4)

Participants are encouraged to access the IBF MySkills Portfolio (https://www.ibf.org.sg/programmes/Pages/MySkills-Portfolio.aspx) to track their training progress and skills acquisition against the Skills Framework for Financial Services. You can apply for IBF Certification after fulfilling the required number of Technical Skills and Competencies (TSCs) for the selected job role.

Find out more about IBF certification and the application process on https://www.ibf.org.sg/certification/Pages/Why-be-Certified.aspx

Modules	Full Fees (S$)	Fees after subsidies inclusive of 9% GST (With effect from 1 January 2024) (S$)
Before GST	After GST	Company-Sponsored	Self-Sponsored

Note:

Prices shown are based on the prevalent IBF-STS subsidies. T&Cs apply.

Click here to read more about the terms & conditions governing registration, payment, cancellation, deferment and no-show.

Eligible SG citizens may utilise SkillsFuture Credit to offset course fees. This is only applicable for the regular SkillsFuture Credit, and not applicable for the SkillsFuture Credit (Mid-Career) additional top-up funding.

^#Unfunded course fee refers to the balance course fee payable after applicable government subsidies. This may include materials fees, registration fees and misc fees.

The information above is correct at the time of publication. Wealth Management Institute reserves the right to amend the fees and/or terms and conditions as appropriate.