Manage the risk of fraud with Speeki

There are two types of companies in the World. Those that have been impacted by fraud and those that don't know they have.

Fraud can significantly impact the financial position of a company and often have flow-on financial consequences for global and local economies. It can lead to serious legal and financial consequences as well as enduring psychological and emotional harm for the individuals involved.

Prevent fraud by using the ISO 37003 Standard and a certification from Speeki Europe.

Benefits of ISO 37003 Certification

There are several reasons why we believe ISO 37003 is the best way to prevent and manage the risk of fraud.

Understand where fraud risks exist.

Following the guidelines and gaining a certification will drive the company to create and maintain processes for fraud risk identification, assessment, and monitoring. Knowing where your risks are is the first step in managing them.

Mitigating and detecting risks

Focusing on mitigating any internal and external fraud means you will be preventing potential losses before they occur.  

Reduce costs and losses through fraud controls

An effective response to fraud means damage to the company's image can be minimized, its reputation can be restored and improved and funds lost due to fraud can be recovered.

Build better governance systems

Managing fraud is part of Governance. Stand out as an attractive investment target, backed by a robust fraud control system that protects the company and its shareholders.

ISO 37003: Building a Resilient Fraud Control Framework with Speeki Europe

Strengthen your organisation's fraud control initiatives with ISO 37003 certification from Speeki Europe. Our comprehensive services help you build a resilient framework, prevent fraud, and manage issues when they occur efficiently and effectively.

Benefits of Partnering with Speeki Europe for an ISO 37003 Certification

At Speeki Europe, we are dedicated to assisting organisations in elevating Governance through providing certifications of key governance topics. Our comprehensive knowledge of the key topics and unyielding commitment to the auditing process empower your business to not only prevent fraud but to manage it when it happens.

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Value driven certification solutions

Speeki Europe excels in guiding organisations to master their fraud control management system using ISO 37003. While we are a certification and audit body, our unique approach provides additional guidance on improvement, observations, and best practices.

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Global Expertise in managing fraud

Speeki Europe's global reach and expertise in identifying and managing fraud makes us the ideal partner in your certification. We can help in (almost) any country, any language and in any industry. Our team are globally ready for any project.

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All our auditors are experts in fraud controls

Our secret weapon is our audit team. They are practical, fraud experts and excellent communicators. They add significant value to clients on their certification journey. They are our main value proposition to the clients selecting Speeki as their certification partner.

Meet ISO 37003 Expert

Scott Lane

Scott Lane is the Lead Auditor at Speeki and a 20+ year lawyer focused on governance, risk, legal and corporate compliance. Scott worked in-house across multiple companies and countries before moving to an advisory role advising companies on these issues for the past 18 years.  

Certify your Fraud Controls with ISO 37003 in four steps

Many global companies working internationally are acutely aware of their risk of fraud. A fraud control management system is more than just a policy. ISO's new fraud control management system guidelines released in 2024 are the ideal framework to help manage fraud.

Ascertain ISO 37003 Certification through a four-step process with Speeki

Take the definitive step towards managing fraud with ISO 37003 certification through Speeki Europe. Our ANAB and COFRAC* accredited certification body is your ally in certifying a robust fraud control management system that’s in harmony with ISO 37003 guidelines.
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Choose an ISO 37003 certification body

The selection of an experienced and accredited certification body is crucial. Speeki Europe, an ANAB and COFRAC* accredited certification body, boasts unrivalled expertise in ISO 37003 fraud control. With our experts having decades of experience building fraud control programmes, we are leaders in the domain. Few certification bodies could match our experience.

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Grasp the ISO 37003 requirements

The simplicity of ISO 37003 belies the importance of comprehending its requirements. Speeki Europe, while maintaining an impartial stance, is poised to offer training and practice audits to ensure you are well acquainted with the ISO 37003 guidelines. We know the guidelines very well and know how to manage audits.

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Implement your fraud control management system

With insights into ISO 37003, it’s time for you to implement your Fraud Control Management System (FCMS) that aligns with the guidelines. A FCMS incorporates policies, procedures, and controls designed to prevent, detect, and counteract the risk of fraud. If your organisation already possesses a fraud control programme, augmenting it to meet ISO 37003 should be a smooth transition.

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Get your ISO 37003 certification

With an FCMS in place, you're ready to pursue ISO 37003 certification. Speeki Europe will conduct an audit to validate your organisation's compliance with the guidelines. Certification is valid for three years, involving an extensive audit in the first year and follow-up audits in subsequent years to address any changes.

If you are successful in the audit, you will be issued a certificate of conformity to ISO 37003

This certificate will demonstrate to your stakeholders that your organisation is committed to preventing and mitigating fraud risks. It is the ultimate way to prove the value of your efforts and be rewarded for all your hard work in building a fraud control programme.

Business Advantages for getting ISO 37003 certified

ISO 37003 certification brings numerous benefits. It establishes an fraud control management system, mitigates risks, and reduce financial exposure.  Achieving accreditation from a recognised certification body, such as Speeki Europe with ANAB and COFRAC* accreditation, boosts your ability to manage fruad risks. Gain a competitive edge, enhance transparency, and build stakeholder trust through ISO 37003 certification.

ISO 37003 FAQs

Here are some frequently asked questions about ISO 37003 Certification. Feel free to send us your questions if you are unable to find your answers here.
What is ISO 37003 certification?

ISO 37003 certification signifies that an organisation has implemented a fraud control management system that meets international guidelines. It demonstrates commitment to preventing and managing fraud.

What does ISO 37003 encompass?

ISO 37003 outlines requirements for establishing, implementing, and maintaining a Fraud Control Management System (FCMS) designed to help organisations prevent, detect, and address fraud in companies.

How much does ISO 37003 certification cost?

The cost of ISO 37003 certification varies depending on factors such as the size of the organisation, the complexity of operations, and the certification body. We can get you a quote to start your budgeting.

What can ISO 37003 be applied to prevent?

ISO 37003 is applied to prevent fraud in an organisation. It helps establish policies, procedures, and controls for identifying and mitigating fraud both internally and externally.

What is the meaning of fraud controls?

Fraud is the intentional dishonest act causing actual or potential gain or loss that creates social or economic harm. The organization should implement proactive measures for the prevention of internal and external fraud by implementing fraud controls.

What is the point of fraud controls?

The FCMS should seek to control internal fraud against the organization, external fraud against the organization, internal fraud in collaboration with business associates or other third parties, external fraud in collaboration with the organization’s personnel, and fraud by the organization or by persons purporting to act on behalf of and in the interests of the organization.

What are the different types of fraud?

While there are several diverse types of fraud. There are two large categories. These are internal frauds and external frauds. Most frauds for companies fall into these two categories.

What is FCMS in ISO 37003?

FCMS in ISO 37003 refers to a Fraud Control Management System. It comprises policies, procedures, and controls designed to help organisations prevent, detect, and address fraud.

Is ISO 37003 mandatory?

ISO 37003 is not mandatory but is highly recommended for organisations seeking to establish a robust fraud control framework. It's a globally recognised set of guidleines that works to manage fraud risks and the impact of fraud.

What is the fraud control policy?

The fraud control policy is one that is  appropriate to the purpose of the organization, provides a framework for setting fraud control objectives, includes a commitment to meet applicable recommendations, includes a commitment to continual improvement of the FCMS, and explains the consequences of not complying with the fraud control policy.

How does ISO 37003 benefit organisations?

ISO 37003 helps in reducing fraud. In today's society it is almost guaranteed that a company will be impacted by fraud at some stage. Many companies are simply not even aware of the fraud happening. A FCMS will help identify and manage fraud risks.

Can small businesses benefit from ISO 37003?

Absolutely! ISO 37003 is suitable for organisations of any size. Small businesses can equally benefit from enhanced reputation, compliance, and trust from stakeholders by adopting this fraud control set of guidelines.

Is ISO 37003 recognized globally?

Yes, ISO 37003 is a global standard for fraud control management systems and is recognised and respected worldwide. It helps organisations align with international best practices in managing fraud.

How do I select a certification body for ISO 37003?

Choose an accredited certification body with experience in ISO 37003. Evaluate their credentials, expertise, and client testimonials. Speeki Europe is a reputable certification body with vast experience.

How is ISO 37003 certification maintained?

ISO 37003 certification is maintained through continual improvement, regular internal audits, and periodic surveillance audits by the certification body to ensure ongoing compliance with the guidelines.

How long does it take to become ISO 37003 certified?

The timeframe for ISO 37003 certification varies depending on the size and complexity of the organisation, but it typically takes several weeks to a month from the initial steps to the final certification.

What are the legal implications of not having a fraud control management system?

Without a fraud control management system, organisations are more vulnerable to fraud and may face legal consequences, including suits from shareholders and reputational damage.

Who needs to be involved in the implementation of ISO 37003?

The implementation of ISO 37003 involves top management, compliance officers, legal, HR, finance, procurement, information security, physical security, and all employees to ensure a comprehensive approach to fraud controls.

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Start your ISO 37003 journey with Speeki Europe

Partner with Speeki Europe, an ANAB and COFRAC* accredited certification body, and let our expertise streamline your path to ISO 37003 certification. Establish a formidable fraud control management system and unlock the myriad benefits that ISO 37003 certification brings.

* COFRAC: Comité Français d’Accréditation is the French Accreditation Body (Accreditation N°4-0609. List of locations and scope available at
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