Financial Crime Investigation Methods in Canada: A Growing Concern

======================================================

In today’s digitally-driven world, financial crime is on the rise, with Statistics Canada reporting a 12% increase in police-reported fraud for the seventh consecutive year in 2018. As technology becomes increasingly integral to our daily lives, so do the threats of fraudulent activity. But what can be done to combat this growing concern?

BCIT Forensics’ Graduate Certificate in Fraud and Financial Crime

BCIT Forensics has launched a Graduate Certificate in Fraud and Financial Crime, a part-time, five-course program designed to equip students with the skills and knowledge needed to investigate financial crimes. The program’s online option is designed for individuals who want to learn while continuing to work full-time.

Who is Interested in this Field?

“We’re seeing a lot of interest from those already in or hoping to move into policing and public safety, financial services, insurance, accounting, and law,” says Steve Wilson, who leads the program. “Individuals are often attracted to this area because it offers a fascinating and rewarding investigative career.”

Importance of Staying Up-to-Date

Economic crime is constantly evolving, with fraudsters finding new ways to exploit technology to target their victims. Wilson emphasizes the importance of building fraud awareness and staying up-to-date with the latest tools and techniques to solve these crimes.

“To thrive in this field, you need to be able to draw on the latest in data analytics, digital forensics, and always be on the watch for new developments,” he advises. “It’s about developing a ’lifelong learning’ mindset.”

Recommendations for Those Considering a Career in Financial Crime Investigation

For those considering a career in financial crime investigation, Wilson recommends connecting with others in the field through organizations like the Association of Certified Fraud Examiners (ACFE). He also stresses the importance of breaking down silos and working together to make a difference.

The Role of BCIT Forensics in Equipping Financial Crime Investigators

As the threat of financial crime continues to grow, it’s essential for individuals to stay informed about the latest methods and techniques used by investigators. By formalizing training and providing access to cutting-edge tools and knowledge, BCIT Forensics is playing a crucial role in equipping the next generation of financial crime investigators with the skills they need to succeed.

The Importance of Fraud Awareness

With fraud awareness on the rise, it’s never been more important for individuals to be vigilant about protecting their personal finances. By understanding the methods used by financial crime investigators, we can all play a part in preventing these crimes and keeping our financial systems safe.

Conclusion

Financial crime investigation is a growing concern in Canada, with the need for skilled professionals to combat this threat increasing every year. BCIT Forensics’ Graduate Certificate in Fraud and Financial Crime program is equipping students with the skills they need to succeed in this field. By staying informed about the latest methods and techniques used by investigators, we can all play a part in preventing financial crimes and keeping our financial systems safe.