C&S Compliance Joins Movement to Shine a Spotlight on Fraud

November 14, 2021 1:45 pm Published by

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International Fraud Awareness Week kicks off Nov. 14, 2021 worldwide

Ebene, Mauritius– Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). The ACFE’s 2020 Report to the Nations analyzed 2,690 occupational fraud cases that caused a total loss of more than $7.1 billion.

The seriousness of the global fraud problem is why C&S Compliance announced that it will be participating in International Fraud Awareness Week, Nov. 14-20, 2021, 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 business and investments from the growing fraud problem.

C&S Compliance joins hundreds of organizations who have partnered with the ACFE, the world’s largest anti-fraud organization and premier provider of anti-fraud training and education, for the yearly Fraud Week campaign.

ACFE president and CEO Bruce Dorris, J.D., CFE, CPA, said that the support of organizations around the world helps make Fraud Week an effective tool in raising anti-fraud awareness.

“Fraud is an issue that unfortunately affects people from all walks of life around the world and it takes many forms,” said Dorris. “Whether it’s a trusted employee stealing from a small business, or organized rings of fraudsters targeting seniors in our community, most people know someone who’s been victimized by fraud. That’s why it’s so important for organizations to join in this fight together in order to raise awareness during this week. It is a serious problem that requires a proactive approach toward preventing it and educating people is the first step.”

For more information about increasing awareness and reducing the risk of fraud during International Fraud Awareness Week, visit FraudWeek.com.

About C&S Compliance

C&S Compliance is an independent entity formed by like-minded partners and established professionals with more than 30 combined years of experience on the corporate, compliance and risk advisory fronts. The Company is based in Mauritius and specialises in the provision of AML/CFT and compliance services to a global network of clients. The local and international business landscape has witnessed a massive and extremely fast evolution over the past years on all fronts. Legislations and compliance standards have been intensified and strengthened to match the higher AML/CFT risks and governance practices worldwide. C&S Compliance is a product of mindful and informed professionals who have deep exposure on the operational, corporate and risk advisory fronts. For more information, visit C&S Compliance

About the Association of Certified Fraud Examiners

Based in Austin, Texas, the ACFE is the world’s largest anti-fraud organization and premier provider of anti-fraud training and education. Together with nearly 90,000 members, the ACFE is reducing business fraud worldwide and inspiring public confidence in the integrity and objectivity within the profession. For more information, visit ACFE.com.

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