ACFE Fraud Conference discusses fraud trends and prevention tools

ACFE Fraud Conference discusses fraud trends and prevention tools

DUBAI, 9th May, 2023 (WAM) – Under the patronage of the Ministry of Finance (MoF) and in collaboration with the Association of Certified Fraud Examiners (ACFE), Dubai is currently hosting the 2023 Association of Certified Fraud Examiners (ACFE) Fraud Conference Middle East. With over 300 anti-fraud leaders and experts in attendance, the two-day conference seeks to explore the latest trends and tools used in the detection and prevention of fraud in various sectors in the Middle East.

During the opening speech, Mariam Al Amiri, Assistant Undersecretary for Government Financial Management Sector at Ministry of Finance, expressed gratitude to the ACFE for hosting the conference in the UAE and acknowledged their role in executing sustainable initiatives in secure business environments. Al Amiri highlighted the significant progress made in the online payments segment since its inception in the mid-1990s. However, she also cautioned that technological advancements and digital initiatives are empowering fraudsters with new tools to breach security measures. She further noted that fraud cases have significantly increased worldwide in recent years, with billions of dollars reportedly lost by consumers, particularly in the Middle East.

In her speech, Al Amiri emphasised the importance of working collaboratively to combat fraud, which she described as a