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11.5 Anti-Fraud Training

N 35/2018 STA
  1. 11.5.1The Licensed Person must ensure that:
    1. a)appropriate and documented anti-fraud training is provided to all employees;
    2. b)two such trainings are provided to employees during the first year of their employment and annual training is given thereafter;
    3. c)training is provided to prevent fraud incidents from taking place at the Licensed Person’s business;
    4. d)training covers fraud typologies, fraud detection, fraud prevention, the Licensed Person’s policies/procedures and reporting procedures at a minimum; and
    5. e)employees are assessed annually to test their understanding of fraud prevention measures.
  2. 11.5.2Anti-fraud training may be in-house, external/outsourced, web based or a combination of all these.