European Organisations' Estimated Median Fraud Loss is World's Worst


Fraud experts to gather for training at ACFE conference in Brussels


13 April 2011 - AUSTIN, Texas-- 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. Topics of training and discussion will include fraud prevention, red flags of corruption, the UK Bribery Act and many others.

Results from a fraud survey conducted by the Association of Certified Fraud Examiners (ACFE) lend a sense of urgency to the training. The newly-published "Report to the Nations on Occupational Fraud and Abuse: European Edition" estimates that the median fraud loss for European organisations is €420,780 -- significantly higher than any other world region, according to the study.

It is against this backdrop that the ACFE conference will take place at Le Plaza Bussels in Brussels, Belgium, with attendees from at least 29 European countries. Featured speakers include renowned financial crime author Jeffrey Robinson, who wrote the recently-published There's a Sucker Born Every Minute, which quickly became a bedside manual for readers seeking to protect themselves from the current fraud epidemic. The international bestselling author has been called by the British Bankers' Association, "the world's leading financial crime author."

Also presenting will be Frederic R. Miller, Partner and Global Co-Leader, FCPA Services, Pricewaterhouse Coopers. Miller, an internationally recognized speaker, regularly provides specialized advisory services to attorneys, boards of directors, audit committees and senior management in the area of the Foreign Corrupt Practices Act (FCPA) and other relevant regulatory regimes.

James D. Ratley, CFE, will provide the welcome address Monday, "The Future of Fraud: Europe, USA and the World." As president and CEO of the 55,000-member strong ACFE, Ratley leads the world's largest anti-fraud organisation and premier provider of anti-fraud training and education.

The programme will feature speakers from government entities and private industry with a wide variety of expertise in areas directly related to the international fight against fraud. Attendees will learn the latest in cutting-edge fraud detection techniques and tools, best practices from Europe’s top companies and insight from global leaders into the way fraud is evolving.

Educational sessions include "Fighting Healthcare Fraud in Europe," "The Bribery Act 2010 -- A Fraud Practitioner’s Perspective" and "Fraud Investigations in Germany, France and the UK: A Comparative Study." Presentations will also cover investigating on the Internet, creating effective compliance programs and investigative interviewing, among many others.

A pre-conference session, "The Global Challenges of Fighting Bribery and Corruption," will be held on Sunday, 17 April, while the main conference will commence Monday, 18 April and last through Tuesday, 19 April.

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About the Association of Certified Fraud Examiners
The ACFE is the world’s largest anti-fraud organisation and premier provider of anti-fraud training and education. Together with more than 55,000 members in more than 150 countries worldwide (including a staffed office in London), the ACFE is reducing business fraud and inspiring public confidence in the integrity and objectivity within the profession. For more information about the ACFE, visit

Contact the ACFE
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