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Economic Crime

Online Bachelor of Science in Fraud and Financial Crime Investigation

Learn to detect, prevent, analyze and investigate the many types of economic crime.

Economic crime encompasses fraud, money laundering, and corruption as well as counter efforts including institutional and corporate compliance and due diligence programs, regulatory and enforcement efforts of government agencies, and the recovery of assets wrongfully taken or held by financial criminals.

Economic Crime Investigation Professional

Recent economic crimes in the United States –such as the credit card breaches at major retailers, the Bernard Madoff investment fraud scandal and the subprime mortgage debacle—have only highlighted the need for more stringent oversight and scrutiny in the business and financial arenas and have driven demand for qualified fraud investigators in both the public and private sectors.

The online bachelor's degree in Fraud and Financial Crime Investigation from Utica College will prepare you for a career in the growing field of economic and financial crime investigation by teaching skills and techniques for gathering, analyzing, and preserving evidence of economic and financial misdeeds. The only online academic program of its kind in the nation, it draws from a variety of disciplines—including criminal justice, mathematics, economics, ethics, and sociology—to create a holistic approach to the study of economic crime.

Other major types of economic crime covered in the Fraud and Financial Crime Investigation program include – financial institution fraud (bank fraud, credit/debit card fraud, loan fraud), money laundering, identity theft, wire fraud, insurance fraud, public corruption, health care fraud, embezzlement, environmental and investment fraud.

Fraud and Financial Crime Investigation Concentrations

The program offers two concentrations in distinct areas of economic crime investigation.

  • ::  The Financial Investigation concentration teaches students forensic accounting skills to pinpoint and document potential financial misdeeds. Coursework in the concentration includes accounting concepts and procedures, data analysis, methods of detecting fraud and tracing illicit funds, the steps of due diligence, and damage assessment.
  • ::  Students in the Fraud Prevention and Detection concentration learn to identify potential deception and other forms of economic crimes as well as areas of potential vulnerability to fraud and economic crime. Topics include investigation and interviewing techniques, the use of technology in detecting and preventing crime, government and legal regulations, and how to recognize suspicious behavior patterns.

Utica College's online Fraud and Financial Crime Investigation degree program was developed in conjunction with the Board of Advisors of the college's Economic Crime and Cybersecurity Institute, a research and educational institution on the leading edge of the study of financial crime for more than 20 years. Instructors in the online economic degree program are highly regarded, top-level industry professionals in the field.

How does Utica College's BS in Fraud and Financial Crime Investigation differ from a BS in Forensic Accounting from other schools?

Bachelor's degree programs in forensic accounting typically focus 80% of their coursework on accounting, taxation, auditing and financial statements, and not on economic crimes or financial fraud. At Utica College, our Fraud and Financial Crime Investigation curriculum was developed as part of our suite of Economic Crime and Criminal Justice studies, so the courses not only teach you deep-knowledge forensic accounting skills, but also round out your business acumen with subject matter pertaining to broader disciplines, including:

  • •   Accounting

  • •   Risk Management

  • •   Finance

  • •   Psychology

  • •   Mathematics

  • •   Sociology

  • •   Economics

  • •   Philosophy

  • •   Government

  • •   Criminology

Furthermore, with two distinct concentrations in either Financial Investigation or Fraud Prevention and Detection, you have the option to dive deeper into the areas that interest you more – fraud detection, criminology, criminal justice, behavioral studies, cybersecurity, technology, economics, statistics, law and ethics.

Admission Requirements

You may be wondering, "What are the requirements for a bachelor's degree in fraud and financial crime?" The online BS in Fraud and Financial Crime Investigation is a baccalaureate completer program, which means that students must have attended a regionally-accredited institution and hold an Associate's degree or have earned a minimum of 57 credits from a four-year college or universityat least 57 credits from a 4-year institution or an Associate's degree prior to enrolling in the program. Here is a brief application checklist.

Fraud and Financial Crime Investigation Curriculum

The curriculum includes a solid grounding in accounting, and other forensic techniques that help investigators uncover evidence of economic crime; relevant governmental policies and laws that apply to financial institutions and commercial entities; and the hands-on application of technology to combat economic crime.

Coursework provides a comprehensive view of the criminal justice system and how it relates to economic crime across public and private sectors as well as the growing field of cybercrime. Since much corporate information today is stored digitally, students also receive training in data mining and extraction technologies used for the collection, analyzing, and preserving of digital evidence.

How long does it take to complete a Bachelor in Fraud and Financial Crime Investigation?
With 46 – 55 credit hours within the Fraud and Financial Crime Investigation major itself, 18 credit hours for your chosen concentration track, and 3 credit hours of electives required to complete this degree, the online FFCI bachelor's degree takes approximately 3 years and 4 months to complete.

Industry Certifications

The comprehensive curriculum in our Bachelors in Fraud and Financial Crime Investigation program will support your preparation for the CFE exam presented by the Association of Certified Fraud Examiners (ACFE), the premier certification for anti-fraud professionals around the world.

Utica College is the first college in the nation to become an education partner with the preeminent association for financial crime specialists—Association of Certified Anti-Money Laundering Specialists (ACAMS). The Bachelors in Fraud and Financial Crime Investigation curriculum will also support your preparation for the CAMS certification exam. Click here for the press release or request more information about the discounts available to Utica students and ACAMS members.

Our suite of programs in Economic Crime and Justice Studies is formally recognized by the International Association of Law Enforcement Intelligence Analysts (IALEIA) and we are an academic member of the organization.

Articles, Thought Leadership and Other Resources

Our Resource Center offers interesting articles, industry links, and thought-leader interviews to increase your Fraud and Financial Crime Investigation industry knowledge and assist you as you pursue your education goals.

Learn more about:

Fraud awareness week Webinar: "Follow the Money"

Watch our economic crime investigation experts discuss a terrorist financing scenario and show how financial crime investigation can help foil terrorist groups and their acts of mayhem and crime.

  • Original Air Date: Monday, November 16, 2015

View the archived recording.

For more information about the Online Bachelor of Science in Fraud and Financial Crime Investigation, Request More Information or call us today at 315-732-2640 or toll-free 866-295-3106 to speak with a Program Manager.