Whistle Blowers (Pty) Ltd Joins Movement to Shine a Spotlight on Fraud
International Fraud Awareness Week kicks off Nov. 15, 2015 worldwide
Fraud costs organisations worldwide an estimated 5% of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). If applied to the 2014 estimated Gross World Product, this translates to a potential projected global fraud loss of approximately $3.9 trillion.
The seriousness of the global fraud problem is why Whistle Blowers (Pty) Ltd announced that it will be participating in International Fraud Awareness Week, Nov. 15-21, 2015, 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.
Whistle Blowers (Pty) Ltd joins hundreds of organisations who have partnered with the ACFE, the world’s largest anti-fraud organisation and premier provider of anti-fraud training and education, for the yearly Fraud Week campaign.
During Fraud Week, official supporters will engage in various activities, including: hosting fraud awareness training for employees and/or the community, conducting employee surveys to assess levels of fraud awareness within their organisation, posting articles on company websites and in newsletters, and teaming with local media to highlight the problem of fraud.
“Whistle Blowers – Promoting Ethics & Honesty in organisations globally”
ACFE President and CEO James D. Ratley, CFE, said that the support of organisations around the world helps make Fraud Week an effective tool in raising anti-fraud awareness.
“The latest statistics tell us that fraud isn’t going away, and companies that don’t have protective measures in place stand to lose the most,” Ratley said. “That’s why it is reassuring to me to see so many businesses, agencies, universities and other organisations involved in the Fraud Week movement. The first step in combating fraud is raising awareness worldwide that it is a serious problem that requires a proactive approach toward preventing it.”
“Since our first Fraud Week more than 10 years ago, the movement continues to grow,” Ratley said. “I heartily thank all of the supporters of Fraud Week for making it what it is today.”
As the most experienced independent fraud hotline service provider, Whistle Blowers (Pty) Ltd will be educating organisations through social media and press releases on company risks, promoting a good business culture and tips on how to secure your company assets.
WHISTLE BLOWERS – MORE THAN JUST A HOTLINE