Emerging Trends in Fraud Law: What Professionals Need to Know

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Emerging Trends in Fraud Law: What Professionals Need to Know

In the ever-evolving landscape of fraud, staying informed about emerging trends is not just a choice — it is a necessity. As professionals in the field of fraud prevention, we understand that knowledge is our most potent weapon against the ever-adaptive tactics of fraudsters.

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Beyond Checking the Boxes: Establishing a Fraud Prevention Plan

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Beyond Checking the Boxes: Establishing a Fraud Prevention Plan

An ideal time to talk about fraud prevention within your organisation is during International Fraud Awareness Week (Fraud Week), November 17-23, 2019. First established by the ACFE in 2000, Fraud Week garnered the support of more than 500 organisations from 73 countries in 2018 and continues to grow each year. During the week, supporters host educational talks in their companies, spread consumer fraud tips within their communities and even hold interdepartmental expos. For this year’s Fraud Week, take a look at the current fraud prevention plan you have in place and evaluate its effectiveness.

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3 Ways to Use Data and Technology Proactively

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3 Ways to Use Data and Technology Proactively

One aspect of fraud examinations that is constantly changing is the use of technology for fraud prevention and detection, with an emphasis on detection. From rules-based systems, fraud analytics and artificial intelligence-based programs, examiners look to increase the effectiveness and efficiency of their work through the use of technology. However, it is critical to the management of fraud risk that examiners focus more of their efforts on the use of data and technology on the mitigation of fraud risk.

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How is Your Company's Fraud Health? Test It and Find Out.

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AUTHOR'S POST

Mandy Moody, CFE
ACFE Content Manager

As we prepare for International Fraud Awareness Week, November 12-18, we make sure to always share one of our tried and true, free resources: the ACFE Fraud Prevention Check-Up. The complimentary tool will test your company’s fraud health with a detailed checklist and video.

Why you should take the Fraud Prevention Check-Up:

  • It is an easy-to-use way to identify gaps in your company's fraud prevention processes. By identifying risks early, you have a chance to fix the problem before losing money and becoming a victim of fraud.
  • It is a great opportunity to establish a relationship with a Certified Fraud Examiner (CFE) whom you can call when fraud questions arise. Since the risk of fraud can be reduced but is rarely eliminated, it is likely your company will experience fraud in future and will need a CFE's assistance.
  • Strong fraud prevention processes bolster the confidence investors, regulators, audit committee members and the general public have in the integrity of your company's reports, which will help you attract and retain capital.

Make it a priority to get your ACFE Fraud Prevention Check-Up and share it with your colleagues and managers during this year's Fraud Week. Also, check out more free resources like this at FraudWeek.com.

Fraud Week 2015: What You Might Have Missed

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AUTHOR'S POST

Mandy Moody, CFE
ACFE Media Manager

The ACFE would like to thank all International Fraud Awareness Week Official Supporters, supporting media, bloggers, tweeters and posters for their amazing participation in Fraud Week last week. We would also like to thank our Featured Supporters this year: CRI Group, BNP Paribas, Mashreq, USAA, FGB and ADCB. The success of Fraud Week could not have happened without all of these dedicated people working together around the globe to spread the message that fraud can be prevented and detected.

Even with the many articles and resources shared, you might not have seen all that was done to highlight fraud detection and prevention. Here are some Fraud Week highlights you might have missed:

  • Video - Fraud: Yes, It Can Happen To Your Business
  • Video - Too Much Trust: How Fraud Happens Where You Least Expect It
  • Infographic - The True Cost of Fraud
  • Article - Know Where You Are Going: The Value of Interviewing Fraudsters
  • Article - Frontline Impact: 3 Practices For Creating Organizational Fraud Awareness
  • Article - Tackling Fraud in Higher Education: Universities Are Taking Up the Mantle of Fraud Prevention for Fraud Week

Remember, fraud awareness doesn't begin and end with Fraud Week. It is a year-round effort being supported by fraud examiners all over the world. Thank you all again, and we look forward to next year’s event!