HELP CATCH THE BAD GUYS

Business Operations, Compliance
ARIDAN is an official supporter of promoting anti-fraud awareness and education during International Fraud Awareness Week 2023 to help Shine a Spotlight on Fraud
 
FRAUD WEEK
Organizations worldwide lose an estimated 5 percent of their annual revenues to fraud, according to Occupational Fraud 2022: A Report to the Nations. Even with the shift toward digital payments, remote work environments, and technology-based organizations, the schemes and methods fraudsters used to commit occupational fraud remain consistent over time.

 

“Fraud” according to the ACFE is any activity that relies on deception to achieve a gain. Fraud becomes a crime when it is a “knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment.

 

Fraud takes many shapes and forms, among them corporate fraud, consumer fraud, tax fraud, identity theft, and many others. In Latin America and the Caribbean, the top 3 most common fraud schemes are corruption, financial statement fraud, and noncash.  A tip (most probably anonymous), internal audit, and management reviews are the 3 most common ways in which occupational fraud is initially detected in Latin America and the Caribbean.
  ACFE 2022 Report to the Nations  

The movement, known commonly as Fraud Week, champions the need to proactively fight fraud and help safeguard businesses and investments from the growing fraud problem.
 
THE TRIAL OF FRAUD
Through an interactive game let’s start catching those who committed fraud at Poirot & Christie Consulting Solutions (PCCS). This game may help raise awareness of what to look for during a fraud investigation. Experience the twists and turns of investigating a fraud case in this “choose your own adventure”-style interactive PDF prepared by the Association of Certified Fraud Examiners (ACFE).
 
 
WHAT DOES FRAUD MEAN TO YOU?
You may not think about it every day, but fraud affects your life more than you may realize. Unfortunately, fraud affects people around the world regardless of age, race, gender, vocation, or any other factor. Most people have been victims of fraud or know someone who has. If you find yourself a victim of fraud, it is important to report it. You can contact a CFE in your area for assistance, or report fraud to the appropriate institutions.

 

Visit the ACFE for more information: Protect Yourself from Fraud and Help Catch the Bad Guys.
 
This year there are many coordinated events during International Fraud Awareness Week for people to attend. Make sure not to miss out on the events taking place online (some of which are free to attend) during International Fraud Awareness Week. Explore this year’s events on Fraudweek.com

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