Fraud including Credit Card Fraud and Suspicious Transactions Course

What Makes Compliance Consultant Courses Different

We’ve delivered compliance, risk and financial crime training for over 20 years. Our courses are practitioner-led, practical, and designed to reflect the real operational and regulatory pressures firms face.

• Delivered by experienced practitioners (not academics) with real-world fraud and financial crime exposure

• War stories and real case examples that bring the subject to life and make it immediately applicable

• A strong focus on what good looks like and how weak controls lead to fraud losses and regulatory consequences

• Highly interactive case studies and scenarios consistently rated as a highlight by delegates

Course Objectives

By the end of this Fraud, Credit Card Fraud & Suspicious Transactions course, delegates will be able to:

• Understand fraud risk in the wider context of enterprise risk management

• Recognise common fraud typologies, including credit card fraud, identity fraud, and application fraud

• Identify suspicious behaviours and transaction patterns, including key AML/CTF red flags

• Understand the difference between suspicious activity and suspicious transactions and how monitoring supports detection

• Conduct a fraud risk assessment, interpret findings, and implement proportionate controls

• Improve policies and internal checks for fraud prevention, detection, and escalation

Who Should Attend?

This course is designed for:

• Fraud and financial crime teams

• Compliance, risk and governance professionals

• Operations, onboarding and customer service teams

• Managers responsible for internal controls, monitoring and prevention frameworks

• Staff involved in investigating, detecting or reporting suspicious activity

Course Content

Session 1 – Understanding Fraud: Definitions, Typologies & Real-World Context

Delegates will explore:

• Recognising a fraud situation and what to do first

• The difference between fraud, bribery, blackmail and related misconduct

• Common fraud types and how they present in practice

• Credit card fraud overview: key methods and trends

• Identity theft typologies and practical indicators

• The scale of fraud and why prevention and detection matter

Session 2 – Suspicious Transactions, Monitoring & AML/CTF Red Flags

This session connects fraud detection with suspicious transaction monitoring and control.

• What makes a transaction suspicious in practice

• Suspicious activity vs suspicious transactions: key differences

• High-impact AML/CTF red flags and patterns

• Where suspicious transactions are typically identified (front line, operations, monitoring, 2LOD)

• Monitoring expectations in practice: CDD/EDD oversight and triggers

• Examples of suspicious transactions linked to:

  • Investment fraud

  • Loan and credit card application fraud

  • Other relevant typologies

Session 2 – Suspicious Transactions, Monitoring & AML/CTF Red Flags

This session connects fraud detection with suspicious transaction monitoring and control.

• What makes a transaction suspicious in practice

• Suspicious activity vs suspicious transactions: key differences

• High-impact AML/CTF red flags and patterns

• Where suspicious transactions are typically identified (front line, operations, monitoring, 2LOD)

• Monitoring expectations in practice: CDD/EDD oversight and triggers

• Examples of suspicious transactions linked to:

  • Investment fraud

  • Loan and credit card application fraud

  • Other relevant typologies

Session 3 – Modern Fraud Risk Management Frameworks & Controls

Delegates will examine:

• A modern fraud risk management framework: prevention, detection, response

• Drivers of financial crime and why offenders offend

• International approaches and frameworks that support financial crime control

• How authentication and control design (including 2FA) can reduce card fraud risk

Session 4 – Behavioural Drivers of Fraud & Governance Responsibilities

A practical session on “why fraud happens” and accountability.

• The Fraud Triangle: pressure, opportunity, rationalisation

• Who commits fraud and why (internal and external drivers)

• Board and senior management responsibilities for fraud prevention and detection

• The role of audit and assurance in detecting weaknesses and improving controls

Session 5 – Interactive Workshop: Credit Card Fraud Scenarios

Delegates apply learning through practical scenarios and discussion.

Covered typologies include:

• Application fraud

• Card-not-present (CNP) fraud

• Counterfeit card fraud

• Lost and stolen card fraud

• Account takeover

• Card ID theft

• Mail non-receipt fraud

• Doctored/fake cards and manual imprint scenarios

Session 6 – Identity Fraud & Synthetic Identity: How to Spot It

A structured look at identity theft and risk controls.

• Financial identity theft

• Driver’s licence identity theft

• Criminal identity theft

• “Gravestone” / deceased identity misuse

• Medical and insurance identity fraud

• Child identity theft

• Synthetic identity fraud

• Practical detection indicators and escalation considerations

Your Course Facilitator

This course is delivered by Lee, an experienced banking, risk and compliance professional with over 30 years’ experience across the financial and banking sector, including senior managerial and director roles.

Lee has delivered training internationally and supports firms with fraud, financial crime, governance, and regulatory compliance. He is a highly experienced facilitator, comfortable working with all levels of seniority — from specialist teams to senior leadership.

He has also authored multiple compliance and risk publications available on Amazon, including titles covering compliance management and conduct risk, and brings practical “on-the-ground” insight into what fails, what works, and how to strengthen controls.

Public Course

Future Dates Not Yet Available

Face to Face In-House

This course can be tailored and presented in-house at your location for 3 or more participants.

From £850