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Compliance

Identifying Red Flags of Fraud in the Workplace (CO-1001)


Description

Course Description

Fraud in the financial sector is a critical issue that can lead to severe economic consequences, regulatory penalties, and loss of public trust. This course equips financial professionals, compliance officers, and managers in Jamaica with the knowledge and tools to detect, prevent, and report fraudulent activities. Through real-world financial fraud cases and references from popular culture, participants will gain a practical understanding of fraud indicators, ethical decision-making, and legal responsibilities.

Learning Objectives:

  • Understand the Jamaican financial sector's vulnerability to fraud.

  • Identify common fraud schemes and red flags specific to local financial institutions.

  • Recognize the importance of reporting fraud and overcoming misconceptions.

  • Learn correct reporting procedures and regulatory compliance within Jamaica.

  • Understand legal obligations, including Anti-Money Laundering (AML) and financial crime laws in Jamaica.


Content
  • Course Overview & Outline
  • Module 1: Introduction to Financial Sector Fraud
  • Module 1: Assessment
  • Module 2: Why Fraud Detection Matters in Jamaica's Finance Sector
  • Module 2: Assessment
  • Module 3: Recognizing Red Flags of Fraud in Jamaican Financial Institutions
  • Module 3: Assessment
  • Module 4: Why Reporting Fraud is Not ‘Snitching’
  • Module 4: Assessment
  • Module 5: How to Report Suspicious Financial Activity in Jamaica
  • Module 5: Assessment
  • Module 6: Understanding Regulatory Reporting Protocols
  • Module 6: Assessment
  • Module 7: Addressing Uncertain Situations
  • Module 7: Assessment
  • Module 8: Legal Obligations for Reporting Financial Fraud
  • Module 8: Assessment
  • Module 9: Role of Compliance Officers & Risk Management in Fraud Prevention
  • Module 9: Assessment
  • Module 10: Conclusion & Key Takeaways
  • Final Assessment
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: 1 year
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