Fraud Fighters to Gather in Hong Kong for ACFE Conference


Industry professionals set to learn, share latest techniques in fraud prevention and detection


SINGAPORE (26 Sept. 2012)—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.

 Statistics from the Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organisation and leading provider of anti-fraud training and education, lend a sense of urgency to the event. According to ACFE’s 2012 Report to the Nations on Occupational Fraud and Abuse, companies worldwide lose an estimated 5 percent of revenues to fraud – with the typical fraud case in Asia resulting in a median loss of nearly $200,000 (U.S.). The statistics show corruption to be the most common fraud scheme in Asia, present in more than half of fraud cases.

Leo F. Goodstadt, from the Hong Kong Institute for Monetary Research, and Kevin Zervos, Director of Public Prosecutions for the Hong Kong Department of Justice, head the list of keynote speakers and presenters who will share their insight and expertise with an audience of Certified Fraud Examiners (CFEs), investigators, auditors, attorneys, law enforcement officers, and other security, risk and compliance professionals.
Attendees will also hear from Chris Fordham, CFE, a managing partner in Ernst & Young Advisory Services fraud investigation & dispute services, and ACFE’s president and CEO James D. Ratley, CFE. Ratley said that the time is now for anti-fraud professionals to take the lead in protecting organisations from new threats.

 “Fraud is an international problem, and our statistics show that it is has a serious impact on businesses in countries like China and all across the Asia-Pacific region,” Ratley said. “Accounting fraud, data theft, corruption and other schemes need our urgent attention, and this conference provides the opportunity for anti-fraud professionals to gain focused training on the issues most directly affecting organisations here.”

Sunday features a pre-conference session, “Conducting Internal Investigations: Planning and Logistics,” and the main conference on Monday and Tuesday addresses topics including the profile of a fraudster, fraud and forensic accounting in China and detecting deception in a corporate environment, just to name a few.
Special pricing for early registration is available until 4 Oct. 2012. Visit for more information.

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