IASME COUNTER FRAUD FUNDAMENTALS

Help protect your business from fraud with the IASME Counter Fraud Fundamentals certificate – a new scheme for financial services firms.

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What is the IASME scheme?

This independent assessment, developed by the OBIE alongside a team of counter-fraud experts, helps firms to understand and validate which fundamental fraud controls they need to have in place.

The Counter Fraud Fundamentals certification acts as a trust mark to show customers that you take fraud seriously.

IASME Counter Fraud Fundamentals logo

Who is it for?

The scheme has been designed for firms of all sizes which may be vulnerable to payment and insider fraud, particularly those in the banking, insurance and fintech sectors, as well as challenger banks, and the following organisations:

• Third Party Providers (TPPs)

• Payment Initiation Service Providers (PISPs)

• Account Information Service Providers (AISPs)

• Account Servicing Payment Service Providers (ASPSPs)

• Card Based Payment Instrument Users (CBPIIs)

• Technical Service Providers (TSPs).

How does it work?

The scheme is an online assessment comprising 60 questions, which cover four key themes:

1. Oversight and control

2. Prevent and detect

3. Respond and recover

4. Data management and analytics

We recommend that someone who handles fraud or financial matters for your organisation takes the assessment.

Once completed, a board member of your organisation signs a declaration to verify that all the answers are true, then a trained counter-fraud expert marks the assessment.

The certification can help your organisation implement the necessary procedures and precautions to help protect your business and customers from fraud.

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SIGN UP TODAY

You can find out more about the Counter Fraud Fundamentals scheme and sign up for the assessment on the IASME website, or talk to the IASME team on 03300 882 752.

Certification costs £400 plus VAT.

IASME Consortium logo

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FAQs

We answer your questions about the IASME Counter Fraud Fundamentals Scheme.

What does IASME do?

IASME works alongside a network of over 250 certification bodies across the UK and Crown Dependencies to help certify organisations of all sizes in cyber security and counter fraud.

Do I have to take the OBIE counter-fraud assessment before I take the IASME certificate?

No. The IASME scheme is open to any organisation that wants to test its fraud defences. Our counter-fraud assessment is only available to participants in our ecosystem.