Raiffeisen Bank International Partners with Global Anti-Fraud Leader ACFE

Raiffeisen Bank International AG (RBI), a leading European universal banking group, has announced a partnership with the Association of Certified Fraud Examiners (ACFE) to increase anti-fraud knowledge and certification among its employees.   

Raiffeisen Bank International AG (RBI), a leading European universal banking group, has announced a partnership with the Association of Certified Fraud Examiners (ACFE) to increase anti-fraud knowledge and certification among its employees.   

In partnering with the ACFE, the world’s largest provider of anti-fraud training and education, Vienna-based RBI becomes the newest member of the ACFE Corporate Alliance.   

Introduced in 2011, the Corporate Alliance program has quickly grown to include partners from around the globe, including numerous Fortune 500 organizations. The program supports the implementation of anti-fraud best practices in organizations by providing access to exclusive training opportunities and resources.  

ACFE President and CEO James D. Ratley, CFE, said RBI’s decision to join the Corporate Alliance “denotes a strong commitment to the fight against fraud.”  

“Leading by example, RBI is setting a high standard for training its staff to identify the red flags of fraud,” Ratley said. “Participation in the Corporate Alliance sends a clear statement to employees, clients and shareholders that financial crime will not be tolerated on any level.”  

Organisations worldwide lose an estimated 5% of their revenues each year to fraud, according to the ACFE’s 2012 Report to the Nations on Occupational Fraud and Abuse, and it takes them an average of 18 months to discover a fraud after it occurs. By joining the ACFE Corporate Alliance, RBI is signaling a proactive approach to the prevention, detection and deterrence of fraud.  

“Fraud can destroy a company, and this is why fraud risk management plays a vital role in the RBI Group”, says RBI’s Chief Risk Officer Johann Strobl, “By entering this strategic alliance with the world’s leading anti-fraud organization, we expect to build and maintain a solid foundation of anti-fraud knowledge, stay up-to-date with new developments including emerging fraud patterns, and learn new strategies, techniques and best practices when it comes to fraud prevention. The ultimate objective in our Fraud Risk Management activities, however, is to protect the assets of our Group, customers, and shareholders from any fraudulent behavior.”  

About RBI  
Raiffeisen Bank International AG regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. RBI is the only Austrian bank with a presence in both the world's financial centres and in Asia, the group's further geographical area of focus.  

Contact the ACFE 
For more information, email PR@ACFE.com.