According to a report published in 2023 by the Association of Certified Fraud Examiners (ACFE), up to five percent of corporate revenue is currently lost to fraud every year. That’s estimated at US$4.7 trillion globally. The main challenge for businesses is to keep up with the different and frequently changing techniques used to commit fraud and identify them on time. To do that, it’s important to understand what types of fraud exist and how they can affect your business before looking at how to build an effective risk strategy. These technologies are able to extract field data such as payee & payor that can be utilized for mitigating compliance risk in the areas of OFAC, BSA/AML, Reg CC, UCC, and KYC.
To address these challenges in the industry and to prevent Fraud & AML, Synnex Group have launched the India Fraud Risk Management Summit & Awards series. Join us in this event and gain first-hand knowledge and insights from the top industry leaders into staying agile and competitive in this changing environment. Through interactive discussions and in-depth case study presentations, you will learn how to leverage the tools and technologies that will help your organization to deal with Fraud & AML in Real time.