Statement on fraud risk and enforcement priorities in the U.S.

As the new U.S. presidential administration establishes its policies and enforcement priorities on fraud and financial crimes, Association of Certified Fraud Examiners (ACFE) members from around the world have asked for our position on the ways in which the administration is addressing the fight against fraud, waste and abuse.

In matters of politics, the ACFE has a longstanding policy against issuing public statements. We don’t believe it’s appropriate for us to advocate for or against causes or policies beyond our expertise as fraud examiners.

But as the world’s largest anti-fraud association, we stand ready, as always, to support the lawful and legitimate anti-fraud efforts of any administration, regardless of political affiliation. The stakes are simply too high not to.

In the ACFE’s Occupational Fraud 2024: A Report to the Nations, Certified Fraud Examiners (CFEs) estimate that the typical organization loses 5% of its revenues to fraud. That figure, when applied to the U.S. GDP in 2023, translates to more than $1.3 trillion in annual fraud losses in the U.S. alone.