The 13th edition of the world's largest study on occupational fraud analyzes 1,921 actual cases, providing updated guidance and new findings from fraud schemes that likely occurred at the height of the COVID-19 pandemic.
Developed in partnership with SAS, this report explores emerging trends and aids in assessing the effectiveness of anti-fraud technology toolkits and planning for future technology-related budgets and resources.
To provide best-practices guidance for assessing and managing fraud risks, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) partnered with the Association of Certified Fraud Examiners (ACFE) to create the Fraud Risk Management Guide.
Fraud Magazine is a digital publication delivering timely and insightful information on the latest trends, tools and techniques in the anti-fraud profession
Find news, analysis and commentary on the global fight against fraud on the ACFE’s official blog. Features insight from ACFE staff and experts in the fields of digital forensics, fraud risk management, compliance and more.
A free, bimonthly e-newsletter highlighting anti-fraud news and analysis, as well as the latest ACFE events and updates.
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While DeFi might hold a lot of promise for proponents of cryptocurrency and whatever Web 3.0 becomes, these large-scale losses show that the platforms and apps feature several serious, exploitable fraud risks.
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Similar to the overconfidence bias, illusory superiority is described as when you overestimate your own abilities when compared to others. Confidence is an important trait for fraud examiners, but too much of it can lead to mistakes in investigations — and illusory superiority can contribute to overconfidence in imperceptible ways.
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In nearly every state, guardians are considered fiduciaries. As such, they have a duty to act in their clients’ best financial interests. Sadly, that’s not always the case.
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While STRs may be a lucrative opportunity for many, they are not without fraudsters targeting them as well.
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Consumers should be wary of any QR code provided by an unknown source; such codes should be treated like unknown hyperlinks.
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Corporate leaders are faced with a moral dilemma, weighing the financial interests of their stakeholders against the public interest in unifying against the violent invasion of a sovereign nation. Further complicating the situation, some corporate leaders must also determine whether to cut ties with their own employees based in Russia — employees with families to feed and support.
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On July 15, a South Korean treasure hunting company called the Shinil Group claimed it found the wreck of a Russian warship, the Dmitrii Donskoi. The ship sank east of the Korean Peninsula more than 100 years prior during a 1905 battle with the Japanese while carrying a cargo of 200 tons of gold bullion, according to Shinil’s claim.
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When large corporations, agencies or insurance companies establish relief funds, fraudsters rationalize their thefts because they believe that these large entities can absorb the costs. Since huge settlements involve numerous transactions and claims, fraudsters often hope that their actions will be lost in an enormous sea of data. The allure of a big payout can be a draw for fraudsters. Luckily, there is an answer: big data analytics.
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Mary Ann Miller, a seasoned cybersecurity and fraud expert, joins Rihonna Scoggins, ACFE Content Manager, on Fraud Talk to dissect the evolving threat landscape of identity fraud and the cutting-edge strategies organizations can deploy to combat it. Miller emphasizes the need to move beyond traditional identity validation methods, focusing instead on diverse attributes and signals to confirm authenticity. They explore the future of passwordless security, highlighting its potential to enhance both security and user experience.
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Eddie Miro, author of 'Outlaw Summer, Cyber Dreams: The Hacker's Journey Through Crime and Redemption,' joins John Gill, President of the ACFE, on Fraud Talk to share his story of transformation from hacker to educator. Eddie opens up about his troubled family background and his descent into criminal activities. They delve into the critical topics of physical security, social engineering and the importance of user awareness training for small to medium-sized companies.
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Amanda Holden, a partner with Deloitte's Financial Crimes, joins Samuel May, ACFE research specialist, on Fraud Talk to uncover the intricacies of fraud prevention and program integrity in the Canadian public sector. They navigate the crucial role of proactive prevention and detection, addressing the unique challenges faced by public entities in a rapidly evolving fraud landscape. Holden explores the essential COSO framework, emphasizing the balance between expediency and robust fraud controls. Dive into Holdens’s expert insights on breaking down cultural barriers, enhancing information sharing and leveraging cutting-edge data analytics and technology.
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Javier Leiva, a writer, investigative journalist, producer and podcaster, joins Jason Zirkle, ACFE Training Director, on Fraud Talk to discuss the use of OSINT in investigations. They delve into the challenges, ethical considerations and future of OSINT investigations. Listen in as Leiva shares insights and tips for leveraging OSINT effectively and responsibly, and delves into the myth of Frank Abagnale.
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In this episode of Fraud Talk, Tony McClements, Head of Investigations at Martin Kenny & Co., delves into the infamous U.K. Post Office scandal with ACFE Content Manager, Rihonna Scoggins. As McClements unravels the layers of this miscarriage of justice, he discusses the critical failures of the Horizon IT system and the damaging effects of withheld disclosures during legal proceedings.
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In this episode of Fraud Talk, Andi McNeal, ACFE Chief Training Officer, and ACFE Research Director, Mason Wilder, delve into the critical insights of Occupational Fraud 2024: A Report to the Nations, discussing its evolution, consistent themes and groundbreaking findings. They explore the significance of tips and internal controls in detecting fraud, the increased median losses attributed to the COVID-19 pandemic and the shift towards web-based reporting mechanisms. Concluding with actionable advice, the episode underscores the value of the report in enhancing anti-fraud programs and heightening fraud awareness within organizations.
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In this episode of Fraud Talk, ACFE Content Manager Rihonna Scoggins, sits down with Amii Barnard-Bahn, an acclaimed coach for legal and compliance executives, to dissect the nuances of navigating difficult conversations as anti-fraud professionals. Barnard-Bahn outlines a six-step strategy to not only prepare the messenger but also to prime the audience, ensuring a blend of empathy and clarity. From psychological readiness to the rehearsal of delivery and understanding the influence of gender dynamics, this episode is packed with insights.
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In this episode of Fraud Talk, ACFE Content Manager Rihonna Scoggins meets with Christian Focacci, CEO and Founder of Threat Digital, to discuss the future of risk management and compliance software. The discussion delves into the groundbreaking advancements in large language models, their role in processing unstructured text and the critical importance of explainability in AI-driven solutions. Focacci also addresses the issue of AI washing and offers practical advice for companies and fraud examiners on integrating AI to optimize processes.
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In this special edition of Fraud Talk, we focus on the ACFE's annual round-up featured in Fraud Magazine, a highlight anticipated by many in the industry. This year, we offer you an exclusive behind-the-scenes glimpse into the process of selecting the top five most scandalous frauds of 2023. Join John Warren, CEO of the ACFE, and Jennifer Liebman, Assistant Editor of Fraud Magazine, as they meticulously unravel each case, providing an in-depth analysis and insight into the complexities and implications of these notable frauds.
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In this episode, ACFE Community Manager Rihonna Scoggins reads a case study submitted by Eduardo “Ed” Cuyos. The case study follows Ed's investigation into fraudulent activities previously missed by the Defense Criminal Investigative Service (DCIS) and the Department of Defense Inspector General (DODIG).
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International Fraud Awareness Week provides space to highlight fraud prevention and detection initiatives at companies around the world. Thousands of groups have pledged as Supporting Organizations over the past 22 years, with more doing their part ahead of Fraud Week 2022, held on November 13-19. Bruce Dorris, President and CEO at the ACFE, sits down with John Duffley, the ACFE’s Communications Manager, to discuss how you can participate in Fraud Week, the annual ACFE Board of Regents voting cycle, and what lies ahead as the ACFE enters its 35th year.
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In Episode 125 of Fraud Talk, ACFE Training Director Jason Zirkle, CFE, is joined by military veterans from around the world to share their backgrounds and how their experiences have aided them in their roles as CFEs and anti-fraud professionals. Collins Wanderi, CFE, Bill Stakes, CFE, and Monica Meeks, CFE, discuss the tools they’ve gained and advice they offer to veterans and active-duty military members looking to earn their CFE credential.
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Eddie Antar founded the Crazy Eddie electronics retail chain in Brooklyn, New York, which rose to prominence across the New York-New Jersey area throughout the 1970s. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail Gangster: The Insane, Real-Life Story of Crazy Eddie,” discusses this wide-ranging fraud case and ultimate unraveling with ACFE Chief Training Officer John Gill, J.D., CFE.
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In the fight against fraud, it can be hard to remember why we do it, especially when the fraudsters never seem to quit. Associate professor of accounting, taxation and business law at SUNY Old Westbury, Dr. David Glodstein, began the Justice for Fraud Victims Project to teach his students — and remind fraud examiners — who we're fighting for: the victims. In this episode, join Dr. Glodstein, CFE, and Kate Pospisil, CFE, the Communications Specialist at the ACFE, as they discuss the Justice for Fraud Victims Project, why programs like this matter and what we can do to further the fight for justice.
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The intersection of cyber security and fraud examination is ever-expanding in our new technological landscape. At the 33rd Annual ACFE Global Fraud Conference, ACFE Research Manager Mason Wilder, CFE, and Deputy Superintendent and Director of the Intelligence Unit at the New York Department of Financial Services (NYDFS), Roderick Chambers sat down to discuss the importance of technical controls and knowledge to protect your organization from fraud.
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Washington State’s Largest Ponzi Scheme was the catalyst for Tod McDonald, CPA to start his company and push for innovation in financial e-discovery. Years later, he and Garth Leonard, CFE, from Valid8 Financial, join ACFE Community Manager Rihonna Scoggins to explore the current resources at hand to combat fraud and how fraud examiners can assess what tools are the right fit for them in this evolving landscape.
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William Shakespeare is widely considered to be one of the most prolific and influential writers of all time. But one group of individuals, who call themselves “Oxfordians” and their theory the "Shakespeare Authorship Question," falsely claim that what we know to be Shakespeare's plays and poetry were actually penned by someone else. In this episode, ACFE Chief Training Officer John Gill, J.D., CFE, joins Michael Pocalyko, CFE, the CEO of SI, as they look at how the qualities of those claiming to disprove Shakespeare's authorship parallel the character of financial and investment fraudsters.
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While victims of traditional identity theft often catch it quickly, victims of medical identity theft may not know they are victims until they need critical medical treatment. In this episode, Scott Ward, CFE, senior vice president at Qlarant, discusses the insidious nature of medical identity theft, the impact it has on its victims and what people and governments can do to help combat it.
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In this episode, Jim Ducharme, COO of Outseer, a leading technology company in the fight against payment fraud, talks about the rise of "Buy Now, Pay Later" services and how fraudsters are exploiting these new avenues of credit. He also discusses identity assurance and how companies are working to combat payment fraud without adding hurdles for consumers.
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In this episode, Larry Nielsen, a detective who has spent the last several years teaching himself about cryptocurrencies, shares advice for fraud examiners who are interested in expanding their toolkits to accommodate cryptocurrency investigations. He also discusses some of his experiences tracing cryptocurrencies in both a law enforcement capacity and as a consultant.
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In this episode, renowned tech journalist and podcast host Takara Small discusses what the future of data breaches, cybercrime and cryptocurrency might look like for both individuals and organizations. She also speaks about the role online media plays in exposing fraud and the importance of supporting women, BIPOC and young people breaking into the tech space.
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Belinda Kitos, CFE, CICA and president of SCF Inc., was elected as treasurer of her homeowners association, but when she opened the books she discovered a $1.2 million fraud in her own backyard. In this month's episode of Fraud Talk, Kitos and Jason Zirkle, training director of the ACFE, explore their own experiences investigating HOA fraud and the red flags of these schemes.
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The National Heath Care Anti-Fraud Association (NHCAA) estimates conservatively that healthcare fraud costs the U.S. approximately $68 billion annually. Why is there so much fraud and abuse with insurance claims and why has this problem gone on so long? In this month's episode of Fraud Talk, Paul Kilby, Editor in Chief of Fraud Magazine, discusses the role of artificial intelligence (AI) in combatting healthcare fraud with Theja Birur, Chief Technology Officer and founder of 4L Data Intelligence.
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In this haunting episode of Fraud Talk, investigate the ghostly disappearance of Phases, Inc., a Tennessee nonprofit dedicated to helping women with substance abuse issues. Tune in with Michael Booher, CFE, CPA, from the Tennessee Comptroller of the Treasury and Rihonna Scoggins, ACFE Community Manager, to discover how this ghost story unfolds and the truths lurking in Phases, Inc.'s shadows.
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"We've been trying to reach you about your car's extended warranty" is an all-too-common robocall scam aiming to bilk victims out of their money. Alex Quilici, CEO of YouMail, discusses the intricacies of robocalls, what differentiates beneficial robocalls from scams and the regulations that both aid and obstruct the fight against these schemes with Jennifer Liebman, CFE, assistant editor of Fraud Magazine, in the latest episode of Fraud Talk.
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Tom Cronkright, the lead witness in the FBI's indictment of Black Axe, an international cybercrime syndicate based out of Nigeria, speaks with ACFE President John Gill, J.D., CFE, in this month's episode of Fraud Talk. As the co-founder of CertifID and CEO of a title agency, Tom has been at the forefront of helping the real estate industry address payments fraud and discusses his experience as a victim of fraud and the operations of the international fraud group he helped indict.
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In this month's episode of Fraud Talk, ACFE Chief Training Officer John Gill, CFE, meets with attorney David Fleck, Esq., who represents victims of business, real estate and investment fraud in lawsuits to recover their money, property and dignity. They discuss trends in real estate fraud including investment fraud, title theft and deed fraud, mortgage fraud and wire transfer fraud.
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In Episode 133 of Fraud Talk, Editor in Chief of Fraud Magazine Paul Kilby speaks with Kathryn Westmore, the Senior Research Fellow for the Center for Financial Crime and Security Studies at the Royal United Services Institute, a military and defense think tank in the U.K. Kathryn discusses the increase in fraud in the U.K., government initiatives and the balance between data sharing and data privacy.
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In Episode 132 of Fraud Talk, ACFE Research Specialist Sam May meets with Rob Sand, the Iowa State Auditor. Rob speaks about the Hot Lotto fraud scandal he prosecuted, totaling more than $25 million, as well as helping the state of Iowa improve their systems and processes to better investigate and audit potential frauds.
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In Episode 131 of Fraud Talk, Tyler Hatcher, Special Agent in Charge of the Los Angeles field office of the Internal Revenue Service's Criminal Investigation division, joins ACFE Communications Manager John Duffley. Tyler reflects on the IRS-CI division's growth during his 21 years, the process behind evaluating allegations and pursuing criminal cases, growing uses of cryptocurrencies, common tax fraud schemes, the impacts of the CARES Act and Inflation Reduction Act, and much more.
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In this episode, Jenny Radcliffe, aka "The People Hacker," discusses her expertise as an ethical social engineer, honing those skills at an early age on the streets of Liverpool, and unique challenges she has faced over the years. Joining ACFE Community Manager Rihonna Scoggins during Women's History Month, Jenny explains how being a woman in her field and gender biases she has observed played a significant role in understanding the "human element" behind social engineering. Her new book "People Hacker: Confessions of a Burglar for Hire" is available now in the U.K.
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In Episode 129 of Fraud Talk, Tony McClements, the Head of Investigations at Martin Kenney & Co., discusses his career trajectory through three decades in law enforcement to the private practice cases he oversees today. Joining ACFE Communications Manager John Duffley, Tony outlines the challenges between both types of investigations, the benefits to building a team of young, up-and-coming investigators, and emerging technologies and data reports that can be utilized for complex cases.
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In this episode, the ACFE's Chief Training Officer John Gill sat down with Charles Antonucci, the former president of The Park Avenue Bank, who was convicted in 2015 of trying to defraud the Troubled Asset Relief Program (TARP). Antonucci also pleaded guilty to other charges including self-dealing, bribery, embezzlement of bank funds, and a multi-million fraud scheme involving an insurance company.
*The ACFE does not compensate convicted fraudsters.
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For the first time since the original report was published in 1996, the ACFE Report to the Nations on Occupational Fraud and Abuse has been translated into Arabic thanks to the efforts of the ACFE Saudi Arabia Chapter, with support from Saudi Aramco.
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The Association of Certified Fraud Examiner’s (ACFE) first-ever Law Enforcement Government Anti-Fraud Summit will be November 21 in Washington, D.C., at the Hyatt Regency Washington on Capitol Hill.
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According to the 2016 ACFE Report to the Nations on Occupational Fraud and Abuse, organizations across the globe lose an average of $150,000 each time they fall victim to fraud and an estimated 5% of their revenues annually.
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“I think this whole offshore financial structure that’s been allowed to grow like a canker … the whole thing’s got out of control,” said investigative journalist Clare Rewcastle Brown in an interview with the Association of Certified Fraud Examiners (ACFE).
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The Committee of Sponsoring Organizations of the Treadway Commission (COSO) announced today the release of the Fraud Risk Management Guide, a new research report that offers a blueprint for helping organizations to establish an overall fraud risk-management program.
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According to the Association of Certified Fraud Examiner’s (ACFE) latest report, Canadian fraudsters were more likely to receive no punishment from their employers than being asked to resign.
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Academy Award-Winning Actor Richard Dreyfuss, Judge Jed S. Rakoff, New York Times investigative journalist David Barboza and other experts will address more than 3,000 anti-fraud professionals gathering for the 27th Annual Association of Certified Fraud Examiners (ACFE) Global Fraud Conference in Las Vegas, June 12-17.
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“Waste, fraud and abuse” has become a pervasive soundbite in the 2016 U.S. presidential election, but just how much fraud is actually occurring in the government?
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When hundreds of anti-fraud professionals from Europe gather in Brussels on March 20-22 for the 2016 ACFE European Fraud Conference, president and founder of TRACE International, Alexandra Wrage, hopes that she can shed some light on corruption and compliance issues around the world, including those affecting football’s governing body.
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The Association of Certified Fraud Examiners (ACFE) have signed a Corporate Alliance agreement with Saudi Aramco which will allow selected Saudi Aramco employees to benefit through full ACFE membership, along with exclusive on-site training opportunities, discounted ACFE conferences and seminars, self-study courses, free quarterly webinars and access to the ACFE network of fraud examiner practitioners.
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With increased financial pressure causing fraud to rise an estimated 20% during the U.S. holiday shopping season, the Association of Certified Fraud Examiners (ACFE) reminds business owners and management to take a preventive stance to lower their risk.
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Two years after the world’s largest anti-fraud association held its Asia-Pacific Fraud Conference in Singapore for the first time, anti-fraud professionals are preparing to gather again in a country commonly considered a model for keeping fraud and corruption in check.
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The Association of Certified Fraud Examiners (ACFE) has announced a partnership with Airbus to provide ethics and compliance training and certification among its employees.
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For the second year in a row, James D. (Jim) Ratley, CFE, president and CEO of the Association of Certified Fraud Examiners (ACFE), has been selected by Accounting Today as “One of the Top 100 Most Influential People.” The annual list includes business leaders, government figures and luminaries who are “shaping the profession now and in the future.”
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Raiffeisen Bank International AG (RBI), a leading European universal banking group, has announced a partnership with the Association of Certified Fraud Examiners (ACFE) to increase anti-fraud knowledge and certification among its employees.
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Hundreds of professional fraud fighters from around Canada will gather Sept. 8-11, 2013 in Montreal to share best practices in fraud prevention and detection at the 2013 Association of Certified Fraud Examiner’s (ACFE) Canadian Fraud Conference. Data analytics, open-source intelligence and new laws and regulations are among the timely fraud training issues on the agenda.
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Internal Auditor magazine has announced that Dr. Joseph T. Wells, CFE, CPA, founder and chairman of the Association of Certified Fraud Examiners (ACFE), has been named 2013 Outstanding Contributor for his April 2012 article “Inside the Fraudster's Mind.”
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More than 2,600 anti-fraud professionals have gathered at the ARIA Resort & Casino here for the 24th Annual ACFE Global Fraud Conference, setting record attendance for an event that is the largest of its kind in the world.
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The Association of Certified Fraud Examiners (ACFE) announced today its selection of Allan Dodds Frank as the recipient of its 2013 Guardian Award, bestowed annually on a journalist whose “determination, perseverance, and commitment to the truth have contributed significantly to the fight against fraud.”
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The Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization and premier provider of anti-fraud training and education, has announced that Richard G. Brody, Ph.D., CFE, CPA, and Bruce G. Dubinsky, M.S., CFE, CPA, have been elected to the ACFE Board of Regents.
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Preet Bharara, U.S. Attorney for the Southern District of New York, ex-Enron CFO Andrew Fastow and award-winning actor Stacy Keach head the list of keynote speakers for the 24th Annual Association of Certified Fraud Examiners’ (ACFE) Global Fraud Conference, June 23-28, 2013 at ARIA Resort & Casino in Las Vegas.
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In conjunction with their annual International Fraud Awareness Week, November 12-18, 2017, the Association of Certified Fraud Examiners (ACFE) has offered up two videos explaining why people commit fraud, and what common traits fraudsters possess.
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In the Association of Certified Fraud Examiner’s (ACFE) In-House Fraud Investigation Teams: 2017 Benchmarking Report, fraud investigation teams said the top skills they are currently seeking or expecting to add are digital forensic skills and cybersecurity skills.
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The largest gathering of anti-fraud professionals from the Asia-Pacific region will take place in Hong Kong this autumn at the 2017 ACFE Fraud Conference Asia-Pacific. The conference will be held 17-19 September at the Kowloon Shangri-La Hong Kong, and feature sessions and speeches from leaders in the compliance and cybercrime industry.
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Dr. Sam Foote, the whistleblower who brought the U.S. Veterans Affairs (VA) scandal to light in 2014, will be awarded the ACFE Sentinel Award at the 28th Annual ACFE Global Fraud Conference in Nashville, June 18-23.
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Former Director of FinCEN Jennifer Shasky Calvery, investigative journalist Andrew Jennings, former FBI agent Eric O’Neill and other experts will address more than 3,000 anti-fraud professionals gathering for the 28th Annual Association of Certified Fraud Examiners (ACFE) Global Fraud Conference in Nashville, June 18-23.
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It's unfortunately common this time of year for individuals to file their taxes only to find out that someone has already claimed their return. This type of identity theft can be upsetting, but it may be even more upsetting if they found out their identity was stolen not through a fault of their own, but due to their employer falling victim to a scam.
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The Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization and premier provider of anti-fraud training and education, has announced that Leah D. Lane, CFE, has been named chairman of the 2017-2018 ACFE Board of Regents.
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Famous for her work investigating and exposing the large and complex 1MDB scandal, Clare Rewcastle Brown believes that European banks should be considered partially culpable for the Malaysian-based fraud. Scheduled to address hundreds of anti-fraud professionals in London, 19-21 March, for the 2017 ACFE Fraud Conference Europe, Brown says that international bodies around the world could do more to investigate and prosecute fraud.
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With the widespread distribution of COVID vaccines now promising hope for a “return to normal,” business leaders need to understand that some of the changes in the business landscape are not temporary — and these changes will have a big impact on their organizations’ fraud risk.
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Cybersecurity expert Robert Herjavec and former U.S. Attorney of the Southern District of New York Preet Bharara will address 5,000 anti-fraud professionals at the virtual 32nd Annual ACFE Global Fraud Conference on June 21-23.
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According to the ACFE’s latest report, the Fraud Awareness Training Benchmarking Report, 14% of respondents said board members receive no fraud training.
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The Association of Certified Fraud Examiners (ACFE), in collaboration with the Capital Market Authority of Saudi Arabia, will host the 2021 ACFE Fraud Conference Middle East in a virtual format, 7-8 April.
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Award-winning journalist, broadcaster and author Misha Glenny says that ransomware should be the top concern of European organizations — and that they’re not prepared.
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Paul Kilby, an editor and journalist with more than two decades of experience, will replace Dick Carozza, CFE, who's retiring as the editor-in-chief of the ACFE’s flagship publication Fraud Magazine.
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James D. Ratley, CFE, president of the Association of Certified Fraud Examiners (ACFE) has been selected as one of Security magazine's Most Influential Security Executives for 2010.
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The Association of Certified Fraud Examiners (ACFE) will host its 21st Annual Fraud Conference & Exhibition, July 25-30, 2010 at Gaylord National Hotel in Washington, D.C., headlined by keynote speakers including Special Inspector General Neil M. Barofsky, overseer of the Troubled Asset Relief Program (TARP), and court-appointed Madoff trustee Irving Picard.
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Organizations around the world lose an estimated 5% of their annual revenues to fraud, according to a survey of Certified Fraud Examiners (CFEs) who investigated cases between January 2008 and December 2009.
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With seasonal hiring in the U.S. expected to be at its highest level in years, fraud experts warn that companies that loosen their usual processes in order to add staff quickly put themselves at increased risk to fraud.
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Brian Krebs, the investigative reporter behind KrebsOnSecurity who exposed massive data breaches, cybercriminals and the service providers who catered to them, has been selected to receive the Association of Certified Fraud Examiners (ACFE) Guardian Award.
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For the third year in a row, James D. (Jim) Ratley, CFE, president and CEO of the Association of Certified Fraud Examiners (ACFE), has been selected by Accounting Today as “One of the Top 100 Most Influential People.”
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Woodford will tell his story and reflect on the current state of corruption and fraud in business in his keynote address at the 2014 ACFE Asia-Pacific Fraud Conference, November 16-18, 2014 in Hong Kong.
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Hundreds of professional fraud fighters from around Canada will gather next month at Toronto Marriott Downtown Eaton Centre to share best practices in fraud prevention and detection at the 2014 ACFE Canadian Fraud Conference, September 7-10, 2014.
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FBI Director Louis J. Freeh, Transparency International founder Peter Eigen and other experts will address nearly 3,000 anti-fraud professionals gathering here this week for the 25th Annual Association of Certified Fraud Examiners (ACFE) Global Fraud Conference.
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Organizations around the world lose an estimated 5% of their annual revenues to occupational fraud, according to a survey of Certified Fraud Examiners (CFEs) who investigated cases between January 2012 and December 2013.
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The Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization and premier provider of anti-fraud training and education, has announced that Bruce G. Dubinsky, M.S., CFE, CPA, has been named chairman of the ACFE Board of Regents.
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As technology continues to advance, criminals come up with ways to exploit it just as quickly.
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The 2018 ACFE Report to the Nations on Occupational Fraud and Abuse showed that the leading detection method for fraud was through tips.
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Academy Award® Winner Bryan Fogel, the director and writer of ICARUS, Clare Rewcastle Brown, the investigative journalist who helped bring the international 1MDB scandal to light and other experts will address more than 3,000 anti-fraud professionals gathering this week for the 29th Annual ACFE Global Fraud Conference.
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Over the past decade, fewer and fewer fraud cases were referred to law enforcement.
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Dr. Jessica Barker addressed hundreds of anti-fraud professionals today at the 2018 ACFE Fraud Conference Europe and told them that a new weak point in organizations’ cybersecurity might stem from an unlikely source — General Data Protection Regulation (GDPR) compliance.
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The Association of Certified Fraud Examiners (ACFE) and the Abu Dhabi Accountability Authority (ADAA) have joined hands to assert ADAA’s Knowledge Center as an ACFE Authorized Knowledge Center, marking a major milestone in ADAA’s efforts to provide professional advanced training and support to Abu Dhabi government entities and employees.
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The Association of Certified Fraud Examiners (ACFE) announced today that Bruce Dorris, J.D., CFE, CPA, has been named the incoming president and CEO.
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The partnership will elevate competency for fraud investigators and auditors.
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Following two years of virtual-only events, the 2022 ACFE Fraud Conference Canada brings anti-fraud professionals from around the region back together for three days of educational sessions and networking.
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This year’s virtual event opens doors for professionals working in law enforcement, government entities and non-governmental organizations (NGOs) to learn specialized knowledge and gather valuable techniques to take on the latest anti-fraud challenges facing the profession.
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The 2022 Compensation Guide for Anti-Fraud Professionals highlights salary trends across the global anti-fraud industry and provides benchmarks in areas such as compensation and job satisfaction to help anti-fraud professionals inform their career decisions.
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The 2022 ACFE Fraud Conference Asia-Pacific returns in-person for the first time in three years, with a number of global anti-fraud professionals scheduled to deliver keynote sessions in Singapore.
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Managing Fraud Risks in an Evolving ESG Environment, a guide to help organizations investing in ESG initiatives avoid fraud, was released in conjunction with the start of the 33rd Annual ACFE Global Fraud Conference, held in Nashville, TN and virtually.
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SEC Director of Enforcement Gurbir Grewal, best-selling author Michael Lewis and others will address attendees at the 33rd Annual ACFE Global Fraud Conference, held in person for the first time in three years.
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Between 2012 and 2022, fraud cases were caught faster, causing smaller losses according to data in Occupational Fraud 2022: A Report to the Nations. The report, which looked at fraud trends over the past 10 years, also showed that criminal prosecutions of fraud cases were down, while civil cases were up.
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This annual event brings anti-fraud education and awareness to businesses and consumers worldwide.
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Keynote speakers for this year's event will include podcaster/tech expert Amber Mac and former Speaker of British Columbia's Legislative Assembly, Dr. Darryl Plecas.
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The three-day hybrid event September 20-22 will bring together anti-fraud professionals in the Asia-Pacific region to discuss emerging fraud trends and technology.
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The self-paced, online training program will be tailored to banking, financial services institutions and partners.
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The Association of Certified Fraud Examiners (ACFE) has appointed John Gill, J.D., CFE, as President of the ACFE; John Warren, J.D. CFE, will take over as Chief Executive Officer of the world’s largest anti-fraud organization.
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Half of organizations plan to use more artificial intelligence in their due diligence.
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The two-day event will be held in Dubai on 8-9 May, 2023, returning for its eighth annual conference in the region.
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The flagship event of the Association of Certified Fraud Examiners (ACFE) will feature U.S. government leaders, industry-leading experts and a notorious fraudster all leading discussions on emerging trends, techniques and perspectives at the world’s largest anti-fraud conference.
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The online conference, which will be held March 27-29, will also feature more than a dozen educational sessions led by experts across anti-fraud, auditing, cybersecurity and technology industries.
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Rachel Wilson, Director of Cybersecurity at Morgan Stanley, and Kelly Donovan, Whistleblower and Advocate, will serve as keynote speakers for the third annual event.
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The founder and former president of the World Anti-Doping Agency (WADA), Dick Pound, has spent decades battling corruption and bribery within the International Olympic Committee.
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Carson Block, the founder and chief investment officer of Muddy Waters Capital LLC, made headlines at the beginning of 2020 when he posted a report to Twitter accusing Chinese coffee company Luckin Coffee Inc. of fraudulently inflating sales.
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Danske Bank whistleblower Howard Wilkinson, security expert Jules Kroll, WIRED magazine Editor-in-Chief Nicholas Thompson and other experts will address thousands of anti-fraud professionals, June 22-24, at the virtual 31st Annual ACFE Global Fraud Conference.
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According to a new report from the Association of Certified Fraud Examiners (ACFE), a single case of occupational fraud costs the victim organization an average of more than $1.5 million, and Certified Fraud Examiners (CFEs) estimate that organizations lose 5% of their revenues each year to fraud.
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If you have lived long enough, you have been affected by some unforeseen calamity.
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Under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, the General Directorate of Residency and Foreigners Affairs (GDRFA-Dubai) along with the Association of Certified Fraud Examiners (ACFE) will host the 2020 ACFE Fraud Conference Middle East in Dubai 23-25 February.
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A measure approved last week by the House Financial Services Committee to change Sarbanes-Oxley audit rules would lead to a higher incidence of fraud and an increase in the amount of fraud losses, according to the Association of Certified Fraud Examiners (ACFE).
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The Criminal Investigation Division of the Internal Revenue Service (IRS-CI) recently joined the ACFE Law Enforcement Partnership by officially recognizing the Certified Fraud Examiner (CFE) credential for hiring and promotional purposes.
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The Association of Certified Fraud Examiners (ACFE) presented its annual Cliff Robertson Sentinel Award Wednesday to Pamela Davis, CEO of Edward Hospital in near Chicago, at the 20th Annual ACFE Fraud Conference & Exhibition in Las Vegas.
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The ACFE is hosting its 20th Annual Fraud Conference & Exhibition in Las Vegas, where more than 2,000 attendees will hear keynote speakers including Madoff whistleblower Harry Markopolos, CFE, CFA and second U.S. Secretary of Homeland Security Michael Chertoff at the largest gathering of anti-fraud professionals in the world.
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Well-meaning victims, courts, the media and the public actually believe that Bernard Madoff, sentenced recently to a record 150 years in prison, stole 65 billion dollars. Not hardly — not even close.
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Intense financial pressure during the economic crisis has led to an increase of fraud, according to a survey of fraud experts conducted by the Association of Certified Fraud Examiners (ACFE).
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The median fraud loss for organizations in Canada is about 127,000 CAD, according to a fraud survey conducted by the Association of Certified Fraud Examiners (ACFE) last year.
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Anti-fraud professionals will gather in Singapore for expert training and professional networking at the 2011 ACFE Asia-Pacific Fraud Conference, 23-25 October at Marina Bay Sands hotel and resort.
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U.S. Attorney General Lanny Breuer was among the distinguished keynote speakers who recognized the fraud-fighting efforts of more than 2,300 professionals in attendance at the 22nd Annual ACFE Fraud Conference and Exhibition.
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More than 2,300 professional fraud sleuths descended upon the San Diego Convention Center Sunday for the week-long 22nd Annual ACFE Fraud Conference & Exhibition.
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The impact of fraud on business in Europe will be on the minds of nearly 150 anti-fraud professionals when they meet at the 2011 ACFE European Fraud Conference next week, 17-19 April 2011, in Brussels.
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The Association of Certified Fraud Examiners (ACFE), the world's largest anti-fraud organization and premier provider of anti-fraud training and education, has announced that Johnnie R. Bejarano, DBA, CFE, CPA, and E. Wendell Hopewell, MBA, CFE, CPA, have been elected to the ACFE Board of Regents.
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More than 300 anti-fraud professionals will gather at Atlantis, the Palm in Dubai on February 14-15, 2016 to discuss emerging issues in fraud prevention and listen to leaders in the anti-fraud field.
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More than 250 anti-fraud professionals from around the Asia-Pacific region will gather for the 2015 Association of Certified Fraud Examiners (ACFE) Asia-Pacific Fraud Conference at Marina Bay Sands in Singapore, November 4-6, to listen to leaders in the anti-fraud field, along with an unlikely special guest: a convicted fraudster.
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Cybersecurity expert Brian Krebs, Leslie R. Caldwell, U.S. Department of Justice assistant attorney general, Criminal Division, and other experts will address more than 3,000 anti-fraud professionals gathering here this week for the 26th Annual Association of Certified Fraud Examiners (ACFE) Global Fraud Conference.
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K & N Kenanga Holdings Berhad (Kenanga Group), the holding company of the largest independent investment bank in Malaysia*, Kenanga Investment Bank Berhad (KIBB), is the first Southeast Asian organisation to partner with the Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organisation.
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Your social security number could be the ticket for a fraudster seeking to claim a false tax refund or worse, according to the Internal Revenue Service (IRS). A fraud expert offers some tips for preventing such crime – or at least catching it early.
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The Financial Audit Department (FAD) – Dubai Government announced Thursday a partnership with the Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization, to provide expert fraud training and certification for FAD employees.
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Documented allegations of fraud against Madoff Investment Securities, LLC were presented to the Securities Exchange Commission as early as 1999 by Harry Markopolos, a Certified Fraud Examiner.
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The Office of the Inspector General (OIG) for the National Reconnaissance Office (NRO) recently announced its official recognition of the Certified Fraud Examiner (CFE) credential for hiring and promotional purposes.
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U.S. organizations lose an estimated seven percent of their annual revenues to fraud, according to a survey of Certified Fraud Examiners who investigated cases between January 2006 and February 2008.
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The Association of Certified Fraud Examiners (ACFE) will be hosting its 19th Annual Fraud Conference & Exhibition on July 13-18, 2008 in Boston, featuring an opening keynote address by Senator George Mitchell.
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The Office of the Inspector General (OIG) for the U.S. Department of the Interior (DOI) recently recognized the Certified Fraud Examiner (CFE) credential for hiring and promotional purposes.
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A case involving Texas Supreme Court Justice David Medina, a Harris County Grand Jury, and the Harris County District Attorney is raising a debate as to whether politics or a lack of evidence played a role in the dismissal of indictments.
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Increased financial pressure is the leading reason fraud takes an estimated 20% uptick during the U.S. holiday season, according to a new survey of Certified Fraud Examiners (CFEs). A majority of these experts believe employee embezzlement is the type of fraud most likely to increase during this period.
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Red flags of fraud, detecting deception, conducting online investigations and other trending topics will be top discussion items when anti-fraud professionals from across Europe convene on 17-19 March 2013 at the ACFE European Fraud Conference in Prague.
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Nearly 250 professional fraud fighters from around Canada arrived at the Ottawa Marriott Sunday to share best practices in fraud prevention and detection at the 2012 ACFE Canadian Fraud Conference. The largest anti-fraud event in the country kicked off with a pre-conference session on conducting internal investigations, and the main conference continues today through Wednesday.
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Professional fraud fighters from around the Asia-Pacific region will gather for training and to share best practices in fraud prevention and detection at the 2012 ACFE Asia-Pacific Fraud Conference, 4-6 Nov. 2012 in Hong Kong.
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James D. (Jim) Ratley, CFE, president and CEO of the Association of Certified Fraud Examiners (ACFE), has been selected by Accounting Today as One of the Top 100 Most Influential People of 2012. The exclusive list includes President Barack Obama, Mitt Romney, SEC Chair Mary Shapiro and other dignitaries and business leaders.
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More than 2,300 professional fraud sleuths will arrive here Sunday for the 23rd Annual ACFE Fraud Conference & Exhibition, June 17-22, 2012. The world’s largest gathering of anti-fraud professionals will take place at the Gaylord Palms Resort and Convention Center.
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Organizations around the world lose an estimated 5% of their annual revenues to fraud, according to a survey of Certified Fraud Examiners (CFEs) who investigated cases between January 2010 and December 2011. Applied to the estimated 2011 Gross World Product, this figure translates to a potential total fraud loss of more than $3.5 trillion.
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For “choosing truth over self” in exposing the Olympus accounting scandal, Michael Woodford has been selected to receive the Association of Certified Fraud Examiners’ (ACFE) Cliff Robertson Sentinel Award for 2012.
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Anti-fraud professionals from across Europe will convene for training and discussion of the hottest fraud topics in the region when they meet on 25-27 March at the 2012 ACFE European Fraud Conference in London.
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This annual conference brings together anti-fraud professionals from across the Asia-Pacific region for three days of discussion on the latest trends, technologies and solutions for detecting and preventing fraud.
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The world's largest gathering of anti-fraud professionals drew more than 5,800 attendees from 88 countries to the ARIA Resort and Casino in Las Vegas and online for its 2024 event.
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Whistleblowers, federal fraud fighters, an NFL legend and more will take the stage as keynote speakers at the 35th Annual ACFE Global Fraud Conference.
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Median losses of the fraud cases analyzed in this year’s report increased 24% compared to the 2022 Report to the Nations. The COVID-19 pandemic might be partly to blame.
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The fourth annual event explores the challenges unique to women in the anti-fraud industry through idea sharing, exchanging resources and networking with industry leaders.
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The UAE Accountability Authority (UAEAA) partners with the world’s largest organization of anti-fraud professionals to host the premier educational event for fraud fighters in the Middle East.
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Global survey of anti-fraud professionals by the ACFE and SAS reveals incredible GenAI enthusiasm – but past benchmarking studies suggest a more challenging reality.
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Find resources for ACFE members and others to foster diversity, equity and inclusion in the anti-fraud community and beyond.
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From synthetic business identities to cybercrime to theft of services, the risks of transacting with other businesses can be significant.
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Anti-fraud practitioners have a critical role to play in the future of ESG programs. Regulatory and reporting frameworks are struggling to keep up with the pace of change.
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Tips are the most common way fraud schemes are detected. An effective whistleblower hotline is a vital part of a comprehensive anti-fraud program.
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The Global Fraud Survey gathers meaningful information on how fraud is committed, how it is detected, who commits it and how organizations respond.
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The following resources were established to aid government organizations in detecting and preventing government fraud at all levels around the world.
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Since the Association of Certified Fraud Examiners began in 1988, we have produced relevant, one-of-a-kind publications dedicated to covering the latest in fraud prevention and detection.
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Use these ACFE tools to help you assess fraud risk, create your own fraud response plan and find the expertise you need.
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Fraud professionals can use these tools to assist organizations in identifying fraud risks and developing a fraud risk response.
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Clear, credible and sound policies are the cornerstones of effective fraud prevention. Use our already developed and tested documents to guide you in crafting policies, proposals, reports and forms.
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Discover our featured case studies and learn how many of today’s fraud cases are old schemes dressed in new technology with a new cast of characters.
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From case studies to the latest data, find what you need to stay up to date on the latest in fraud prevention and detection with these free ACFE resources.
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Shell companies can be used to commit nearly every type of fraud — from simple billing fraud schemes to complex, multi-jurisdictional money laundering operations.
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If you need assistance with investigating a potential fraud or proactively protecting your organization from future frauds, a CFE is your best resource.
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Strengthen fraud risk management with COSO and the ACFE's guidelines, featuring essential tools and strategies for developing effective anti-fraud programs.
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We have frequently heard from our members about a desire to benchmark their organizations’ internal fraud investigation teams.
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The ACFE's Fraud Risk Assessment tool is an invaluable resource for fraud examiners to use in identifying and addressing their clients' or employers' vulnerabilities to internal fraud.
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Discover the latest insights on anti-fraud technologies' effectiveness in managing fraud risk, and learn how organizations are leveraging data and technology in their anti-fraud programs.
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The Fraud Awareness Training Benchmarking Report highlights training's role in enhancing anti-fraud controls and policy compliance.
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The ACFE’s 2022 Compensation Guide for Anti-Fraud Professionals benchmarks salary and benefits across several categories, including industry, experience, certification and many others.
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Test your company’s fraud health with this free training resource featuring a checklist.
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The latest fraud news, insights and ACFE member-exclusive resources delivered to your inbox.
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ACFE report finds direct correlation between economic downswings and fraudulent activity
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CFE members in good standing can share and promote their CFEs through custom-designed letterhead and business cards.
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The ACFE Brand Guidebook, as well as the accompanying resources below, are designed to help you promote yourself and your affiliation with the ACFE.
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Resources and reporting tools to use if you or someone you know has been affected by fraud.
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