International Fraud Awareness Week kicks off Nov. 15, 2020 worldwide
Fraud costs organisations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). The ACFE’s 2020 Report to the Nations on Occupational Fraud and Abuse analysed 2,690 occupational fraud cases that caused a total loss of more than $7.1 billion.
The seriousness of the global fraud problem is why CRI Group announced that it will be participating in International Fraud Awareness Week, Nov. 15-21, 2020, as an official supporter to promote anti-fraud awareness and education. The movement, known commonly as Fraud Week, champions the need to proactively fight fraud and help safeguard business and investments from the growing fraud problem.
CRI Group joins hundreds of organisations who have partnered with the ACFE, the world’s largest anti-fraud organisation and premier provider of anti-fraud training and education, for the yearly Fraud Week campaign. As an official supporter, CRI Group will continue engaging in various activities, including raising awareness for businesses on how to prevent fraudulent actions within and outside their organisations.
CRI Group has been a supporter and active participant of the Fraud Awareness Week since the very beginning. Zafar Anjum, CRI Group founder and CEO, said: “It is a crucial awareness tool to put a spotlight on fraud and encourage organisations to take action not just this week, but year-round. Since 1990, we have been safeguarding businesses from fraud, bribery and corruption by providing due diligence, background checks, investigations, risk management solutions and by establishing the legal compliance, financial viability, and integrity levels of outside partners, suppliers and customers seeking to affiliate with global businesses. This week is crucial for highlighting the global problem of fraud, and we are happy to see that every year, more and more organisations get involved in and support the Fraud Week.”
ACFE CEO and President Bruce Dorris, J.D., CFE, CPA, said that the support of organisations around the world helps make Fraud Week an effective tool in raising anti-fraud awareness.
“Fraud is an issue that unfortunately affects people from all walks of life around the world and it takes many forms,” said Dorris. “Whether it’s a trusted employee stealing from a small business, or organised rings of fraudsters targeting seniors in our community, most people know someone who’s been victimised by fraud. That’s why it’s so important for organisations to join in this fight together in order to raise awareness during this week. It is a serious problem that requires a proactive approach toward preventing it and educating people is the first step.”
For more information about increasing awareness and reducing the risk of fraud during International Fraud Awareness Week, visit FraudWeek.com.
The 2020 Report to the Nations is available for download online at the ACFE’s website: ACFE.com/RTTN. The Report is in PDF format.
About the Association of Certified Fraud Examiners
Based in Austin, Texas, the ACFE is the world’s largest anti-fraud organisation and premier provider of anti-fraud training and education. Together with more than 85,000 members, the ACFE is reducing business fraud worldwide and inspiring public confidence in the integrity and objectivity within the profession. For more information, visit ACFE.com.
For More Information Contact:
CRI Group: Austeja Kibildyte, firstname.lastname@example.org
ACFE: Sarah Hofmann, (512) 478-9000