Movement to shine a spotlight on fraud kicks off November 15, 2015 worldwide
Fraud costs organizations worldwide an estimated 5 percent of their annual revenues. The seriousness of the global fraud problem is why CRI Group has announced that it will once again be participating in International Fraud Awareness Week, Nov. 15-21, 2015, as an official supporter to promote anti-fraud awareness and education.
The movement, coordinated by the Association of Certified Fraud Examiners (ACFE) and known commonly as Fraud Week, champions the need to proactively fight fraud and help safeguard business and investments from the growing fraud problem.
This will be the fifth year in a row that CRI Group has been at the front of the yearly campaign, joined by hundreds of organizations who have partnered with the ACFE for the Fraud Week movement.
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.
CRI Group CEO Zafar I. Anjum, CFE, said his organization is proud to be a supporter of such an important initiative, helping to spread awareness and education about fraud.
“For CRI Group, issues surrounding fraud -- such as risk management, compliance, and background checks, for example -- are part of our everyday business,” Anjum said. "But for many companies, despite its importance, fraud is just one issue competing with other aspects of the business that require attention.
It is important that business leaders understand how serious and pervasive fraud is, and how critical fraud prevention is to their overall business success.
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.