Muscat: The Association of Certified Fraud Examiners (ACFE) Oman Chapter joins the global movement to throw light on International Fraud Awareness Week with an anti-fraud forum.
The International Fraud Awareness Week kicks off on November 12, worldwide and in Oman, the Anti-Fraud Forum-2023 is to be held under the patronage of Central Bank of Oman and ACFE Oman Chapter.
Tahir bin Salim al Amri, Executive President of Central Bank of Oman, is to inaugurate the Forum.
The Forum is being looked upon as an invaluable opportunity for anti-fraud professionals in Oman to meet and discuss the latest trends and tools in fraud prevention and detection.
Organisations worldwide lose an estimated five per cent of their annual revenues to fraud, according to Occupational Fraud 2022: A Report to the Nations.
Fraud takes many shapes and forms, among them corporate fraud, consumer fraud, tax fraud, identity theft and many others. Explore the resources and links below to see just how large of an impact fraud has on the world.
ACFE Oman Chapter president Khalil al Rawahi, CFE, said that the active participation of government and private sector organisations in the Sultanate of Oman and around the world helps make International Fraud Awareness Week an effective tool in raising anti-fraud awareness.
The forum is lined up with expert speakers and panellists from the banking and financial sectors, regulatory bodies like the State Audit Institution, Central Bank of Oman, Capital Market Authority, Public Authority for Consumer Affairs etc and all stakeholders from all spectrums of the community participating in this mega event.
Iyad Murtada, ACFE International trainer, will deliver the keynote address. This is an opportunity for anti-fraud professionals and communities to come together to participate.
The Anti-Fraud Forum, a full-day event, will feature more than 11 subject matter experts as speakers. The Forum will be conducted from 8.30 am to 5 pm with topics of discussion mainly on anti-corruption and bribery, money laundering and terror funding, privacy compliance, fraud risk management, and regulatory framework to combat fraud.
This year’s event will also emphasise on AI, block chain, Internet of things, mobile apps, public data infrastructure space for digitisation challenges, etc.
The seriousness of the global fraud problem is why ACFE Global announced that it would be launching International Fraud Awareness Week from 12-18 as an official supporter to promote anti-fraud awareness and education. 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 Week’s message is, "Fraud awareness is the beacon that illuminates the dark alleys of deception, guarding the wealth and trust of nations. In a world where the shadows of fraud loom large, our collective vigilance is the key to unlocking the doors of a more honest and prosperous future." According to Fraudweek.com, the eight key warning signs out of which 85 per cent of all fraudsters displayed at least one behavioural red flag- 39 per cent living beyond means, 25 per cent financial difficulties, 20 per cent had an unusually close association with vendors/customers, 13 per cent has control issues, unwillingness to share duties, 12 per cent irritability, suspiciousness or defensiveness, 12 per cent bullying or intimidation, 11 per cent divorce/ family problems and 10 per cent wheeler-dealer attitude.
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