Fraud Risk Management Certification

Next course starts in June 17th, 2025

The global impact of Fraud is felt across the world and effects everyone globally whether directly or indirectly. Individuals, businesses, corporations and governments are all at risk from fraudsters. We often consider all fraudsters to fall into one of four categories: Organized / Occupational / Opportunist / Occasional; making it a difficult process to follow, understand, prevent and protect yourself from. The impact of Fraud can cause significant harm to the attacked structure or individual. This professional certification course will lead candidates through that world provide guidance and an insight into the practicalities of the offences, their patterns and understanding, leading toward protection and prevention, asset recovery and investigations.

This professional certification 15 modules will cover all the key elements including, typologies and methodologies of fraud, protection, prevention, investigation, the links between Fraud, Money Laundering, Terrorism, Proliferation and Bribery. Candidates will work through modules focusing on the Fraud impact and its connections to illicit financial flows, regulations, law enforcement, investigations and the victim’s impact and will directly work through the Fraud Investigation Model.

This certification course includes:

  • Learn the elements of a fraud risk management program including the establishment of fraud risk governance policies
  • Discuss the steps involved in developing a fraud risk management program, as well as the program components necessary to fully manage the risk of fraud
  • Review risk management frameworks established by COSO, ACFE, IIA and other relevant organizations
  • Understand why organizations should manage fraud risk and assign roles and responsibilities for elements of the program
  • Identify red flags related to a variety of occupational fraud schemes
  • Learn tools and techniques to detect and investigate instances of fraud
  • Identify, assess and manage fraud risks from all sources and support fraud risk management initiatives by establishing an anti-fraud culture and promoting fraud awareness throughout the organization
  • Identify the elements of a strong ethics & compliance program
  • Study case studies to support fraud risk management theory and practice
  • Conduct group exercises to support the learnings

Course Modules include:

  1. What is Fraud?
  2. Fraud Impact
  3. Fraud Enablers & Red Flags
  4. Fraud Typologies & Methodologies – Part 1
  5. Fraud Typologies & Methodologies – Part 2
  6. Proceeds of Fraud & Money Laundering
  7. Corporate Structures for Fraud
  8. Bribery & Corruption
  9. Cyber Security & Data Breaches
  10. Fraud Partnerships
  11. Fraud Investigation Model (FIM)
  12. Fraud Risk Governance and Internal Control
  13. Fraud Risk Assessments
  14. Fraud Control, Risk Management & Monitoring
  15. Fraud Case study

Prerequisites:

To qualify for admission to this AML/CFT/FCP Certification Program sequence of courses, in addition to a high school diploma and/or have entry-level qualifications to a college/university a student must qualify via at least one of the following:

  • Be enrolled at a University Partner’s institution;
  • Be admitted at any University Partner’s institution;
  • Have obtained at least an Associate Degree from another accredited institution; or
  • Have accumulated five (5) years of experience working for a regulated entity under AML/CFT/CFP/FCP, a regulator, an enforcement agency or government, and possess at least a high school diploma.

Program Level: Beginners/Intermediate

Instructional Delivery Method: Group Live or Group Internet Based

CPE Credit: 40

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Select University Partner

Antigua and Barbuda International Institute of Technology (ABIIT)

Antigua and Barbuda.

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St. Thomas University (STU)

Miami, Florida.

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The Arthur Lok Jack Global School of Business (Lok Jack GSB)

Trinidad and Tobago.

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University of Belize (UB)

Belize

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University of the Commonwealth Caribbean (UCC)

Jamaica

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University of the Southern Caribbean (USC)

Trinidad & Tobago.

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