International Fraud Awareness Week kicked off November 15 worldwide. Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). If applied to the 2014 estimated Gross World Product, this translates to a potential projected global fraud loss of approximately $3.9 trillion.
The seriousness of the global fraud problem is why FACT Financial Investigations, LLC announced that it will be participating in International Fraud Awareness Week, Nov. 15-21, 2015, 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.
FACT Financial Investigations, LLC joins hundreds of organizations who have partnered with the ACFE, the world’s largest anti-fraud organization and premier provider of anti-fraud training and education, for the yearly Fraud Week campaign.
During Fraud Week, official supporters will engage in various activities, including: hosting fraud awareness training for employees and/or the community, conducting employee surveys to assess levels of fraud awareness within their organization, posting articles on company websites and in newsletters, and teaming with local media to highlight the problem of fraud.
ACFE President and CEO James D. Ratley, CFE, said that the support of organizations 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.
The 2014 Report to the Nations is available for download online at the ACFE’s website: ACFE.com/RTTN. The Report is in PDF format.
FACT Financial Investigations, LLC, based in Bend, Oregon, offers fraud deterrence, detection and investigation services to individuals, corporations and lawyers throughout Central Oregon. The owner, Melissa Goddard is a Certified Fraud Examiner and an Oregon Licensed Private Investigator who holds an MBA in Economic Crime and Fraud Management. Melissa is passionate about her objective to reduce fraud and financial crimes in our Central Oregon communities as well as around the globe and to inform, train and assist those who have been victimized or who are at risk for being victims of fraud and financial crimes. FACT Financial Investigations, LLC also offers notary public, bookkeeping and compliance services and will be adding tax resolutions services in the near future.
Association of Certified Fraud Examiners
Based in Austin, Texas, the ACFE is the world’s largest anti-fraud organization and premier provider of anti-fraud training and education. Together with more than 75,000 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
