The 2018 Report to the Nations on Occupational Fraud and Abuse issued by the Association of Certified Fraud Examiners (ACFE) includes 101 cases from the Middle East and North Africa that were investigated between January 2016 and October 2017. These cases caused a median loss of US $200,000 per case.
As noted in Exhibit 11.1, corruption is the most common form of occupational fraud committed in the Middle East and North Africa; 49% of the cases analyzed involved some form of corruption, which is more than twice as frequent as any other type of fraud scheme. Theft of cash on hand is the second most common category of occupational fraud, occurring in 23% of the cases in the region. In addition, fraud schemes in the Middle East and North Africa are almost twice as likely to be detected by a tip as by any other means (see Exhibit 11.2).
Exhibit 11.1Scheme Types – Middle East and North Africa
Exhibit 11.2Initial Detection Method – Middle East and North Africa
The 2018 Report to the Nations also examines the anti-fraud controls that were present at victim organizations at the time the frauds being analyzed ...
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