International Fraud Awareness Week

Every year, the Association of Certified Fraud Examiners (ACFE) highlights the importance of fraud prevention through a week dedicated specifically to the topic. This important observance reminds us of the challenges posed by the nexus of society, politics and the global economy. As these challenges are growing, so are the opportunities for fraudulent activities. Businesses are hence required to remain alert, as fraud not only disrupts growth but can also undermine long-term stability — and no industry is immune to these risks.

In response to these dynamic challenges, we once again compiled a selection of articles and insights that explore this years’ key areas of fraud risk across our global organization of firms. These include:

Although these topics differ, they share a common thread — fraud is a continually developing phenomenon. New technologies, while powerful tools for defense, also create additional entry points for fraudulent behavior. Artificial intelligence adds new layers of complexity. Identifying these risks and responding proactively is crucial for effective fraud prevention.

This is why International Fraud Awareness Week plays such a vital role. It serves as a reminder of to remain vigilant, to foster a culture of openness, to strengthen whistleblowing, to enhance “speak up” hotlines and to help ensure detailed risk assessments. Innovation and collaboration are key to building stronger prevention and detection strategies.

KPMG professionals are readily available globally and regionally for conversations, and the authors of these articles can provide further guidance. While our shared goal is to help prevent fraud before it occurs, you can count on us to be at your side if it does.