26 Feb 2018

International Fraud Awareness Week kicks off Nov. 12, 2017 worldwide.

Fraud costs organisations worldwide an estimated 5% of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). The ACFE’s 2016 Report to the Nations on Occupational Fraud and Abuse analysed 2,410 occupational fraud cases that caused a total loss of more than £4.7 billion.

 The seriousness of the global fraud problem is why MIAA has announced that it will be participating in International Fraud Awareness Week, Nov. 12-18, 2017, 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.

MIAA 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.

During Fraud Week, MIAA Anti-Fraud Specialists will engage in various activities, including: hosting fraud awareness training for employees, conducting employee surveys to assess levels of fraud awareness within their organisation, posting articles on organisations websites and in newsletters and teaming up with local media to highlight the problem of fraud.

Darrell Davies MIAA’s Assistant Director responsible for the delivery of its anti-fraud services states fraud continues to be a risk facing NHS organisations. MIAA is proud to join the International Fraud Awareness Week campaign to reinforce the message that all fraud, and specifically fraud within the NHS is unacceptable.  Organisations need to commit to the raising of awareness of the risks that they face.

 ACFE President James D. Ratley, CFE, said that the support of organisations around the world helps make Fraud Week an effective tool in raising anti-fraud awareness. “The latest statistics tell us that fraud isn’t going away, and companies that don’t have protective measures in place stand to lose the most,” Ratley said. “That’s why it is reassuring to me to see so many businesses, agencies, universities and other organizations involved in the Fraud Week movement. The first step in combating fraud is raising awareness worldwide that it is a serious problem that requires a proactive approach toward preventing it.”

“Since our first Fraud Week more than 10 years ago, the movement continues to grow,” Ratley said. “I heartily thank all of the supporters of Fraud Week for making it what it is today.”

For more information about increasing awareness and reducing the risk of fraud during International Fraud Awareness Week, visit FraudWeek.com