Alternative Currencies and Fraud

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Course Level
Delivered via
2 Credits


The use of alternative currencies has exploded in recent years with consumers swiftly adopting new payment methods. From cryptocurrencies to reward points, there have never been so many ways to exchange value or to commit fraud. This course will provide you with an increased awareness of alternative currencies, knowledge of their strengths and weaknesses, and the ways in which they can be exploited. 

In this course, explore the rapidly expanding world of alternative currencies and their associated fraud schemes. Topics include cryptocurrencies, blockchain, ransomware and many others. Alternative Currencies and Fraud will also provide the background and context needed to maintain awareness of this dynamic new alternative currency landscape. 

Key Takeaways:

  • Types of alternative currencies, including Bitcoin and Ripple
  • Emerging fraud schemes enabled by alternative currencies
  • Why blockchain technology may be the future of fraud prevention
  • Case law related to alternative currencies
  • Ways of storing cryptocurrencies



You Will Learn How To:

Assess the current landscape of alternative currencies

Differentiate between various forms of alternative currency

Determine how fraud schemes such as ransomware are enabled by alternative currencies

Identify cryptocurrencies and how their mechanisms can prevent fraud

Recognize fraud threats associated with alternative currencies

Recognize important court cases in the developing law concerning alternative currencies

Table of Contents

Lesson 1 Defining Alternative Currency
Lesson 2 Bitcoin and Other Cryptocurrencies
Lesson 3 Storing Cryptocurrencies
Lesson 4 Risks of Cryptocurrencies
Lesson 5 Blockchain
Lesson 6 Other Alternative Currencies
Lesson 7 Community Currencies
Lesson 8 Alternative Currencies and the Deep Web
Lesson 9 Ransomware
Lesson 10 Case Law Related to Alternative Currencies

CPE Information

CPE Credit: 2
NASBA Information: Specialized Knowledge
Advanced Preparation: None
Last Updated: August 2022
Delivery Method: QAS Self-Study


CPE Credit

Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.

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System Requirements:

  • Internet access: High-speed connection recommended
  • Speakers required for video sound

The Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:


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