Fraud Risk Management Certification

October 13, 2020-January 19, 2021

The University of the Virgin Islands Institute for Leadership and Organizational Effectiveness (ILOE), in association with the Anti-Money Laundering & Financial Crimes (AMLFC) Institute, offers students and industry professionals the opportunity to earn a certificate in the field of Fraud Risk Management. Students completing the professional certificate and actively maintaining their membership in the AMLFC Institute will be authorized to use the designation Certified in Fraud Risk Management (FRM).

In this certification course, students will:

  • 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.

Program details:

The duration of this program is fifteen (15) weeks.  The cost of the certification is $1,850. The delivery mode is a mix of live digital presentation by a remote teacher with the support of an in-classroom assistant teacher.  

This 15-module professional certification covers all of the key elements of of Fraud Prevention Management. Some of the modules include:

  • Enterprise & Fraud Risk Management
  • Fraud Risk Governance
  • Fraud Detection Programs & Controls
  • Fraud Risk Assessment
  • Skimming & Expense Reporting Fraud Schemes
  • Cash Larceny Schemes
  • Payroll Fraud Schemes
  • Billing Schemes
  • Bribery & Corruption 
  • Accounting Principles and Financial Statement Fraud
  • Ethics & Compliance 
  • Conducting Investigations

The certificate program will include the participation of distinguished guest speakers from the field.  At the completion of this course the student will be invited to take a standardized test.  Successful students will be awarded the AMLFC Professional Certificate. Furthermore, students will be provided a two (2) year membership to the AMLFC Institute, access to the Institute job board, access to the digital manual and other educational aid for two (2) years, six (6) months subscription to the screening tool, discounted rates to professional events or resources. 

To register, go to: 

For more information:

Dannica Thomas
Institute for Leadership and Organizational Effectiveness
Office of the President
University of the Virgin Islands
#2 Brewers Bay
St. Thomas, V.I. 00802
(340) 693-1471 (O)
(340) 693-1005 (F)