UBF spotlights effectiveness of UAE’s efforts in combating fraud at 2023 ACFE Fraud Conference Middle East

UBF spotlights effectiveness of UAE’s efforts in combating fraud at 2023 ACFE Fraud Conference Middle East

ABU DHABI, 15th May, 2023 (WAM) - UAE Banks Federation, the representative body and voice of UAE banks, highlighted the effectiveness of the UAE's efforts in combating financial fraud supported by the many initiatives and measures being implemented by the sector under the guidance and supervision of the Central Bank of the UAE (CBUAE), which is taking proactive steps to combat financial fraud, at the 2023 ACFE Fraud Conference Middle East. The CBUAE is constantly taking proactive steps to combat financial fraud and is developing laws and regulations and employing advanced technology to prevent and detect fraud.

The conference hosted by the Association of Certified Fraud Examiners (ACFE), with support from strategic partners, including UAE Banks Federation, took place in Dubai on 8-9 May and was attended by more than 300 experts and professionals in the field. Participation in this important annual conference is part of the Federation's efforts to help member banks build and develop competitive and sustainable business models that benefit customers and economic and social development by combating fraud and providing a secure and streamlined banking and financial system.

The conference discussed the key challenges and topics in dealing with fraud, especially in the digital age, which is witnessing