Universal Partners FX Joins Movement to Shine a Spotlight on Fraud

International Fraud Awareness Week kicks off Nov. 17, 2019 worldwide

Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). The ACFE’s 2018 Report to the Nations on Occupational Fraud and Abuse analyzed 2,690 occupational fraud cases that caused a total loss of more than $7.1 billion.

The seriousness of the global fraud problem is why Universal Partners FX announced that it will be participating in International Fraud Awareness Week, Nov. 17-23, 2019, as an official supporter to promote anti-fraud awareness and education. The movement, known commonly as Fraud Week, champions the need to proactively fight fraud and help safeguard business and investments from the growing fraud problem.

Universal Partners FX joins hundreds of organizations who have partnered with the ACFE, the world's largest anti-fraud organization and premier provider of anti-fraud training and education, for the yearly Fraud Week campaign.

During Fraud Week, official supporters will engage in various activities, including: hosting fraud awareness training for employees and/or the community, conducting employee surveys to assess levels of fraud awareness within their organization, posting articles on company websites and in newsletters and teaming up with local media to highlight the problem of fraud.

“We are committed to doing as much as we can to combat all types of fraud across the world.” Said Universal Partners FX Director Oliver Carson. “As a financial company, we pride ourselves on keeping money safe and ensuring best practices are always adhered to. The awareness created by Fraud Awareness Week is key to protecting people from all around the globe from fraudulent activity”.

ACFE CEO and President Bruce Dorris, J.D., CFE, CPA, said that the support of organizations around the world helps make Fraud Week an effective tool in raising anti-fraud awareness.

“Fraud is an issue that unfortunately affects people from all walks of life around the world and it takes many forms,” said ACFE President and CEO Bruce Dorris, J.D., CFE, CPA. “Whether it’s a trusted employee stealing from a small business, or organized rings of fraudsters targeting seniors in our community, most people know someone who’s been victimized by fraud. That’s why it’s so important for organizations to join in this fight together in order to raise awareness during this week. It is a serious problem that requires a proactive approach toward preventing it and educating people is the first step.”

For more information about increasing awareness and reducing the risk of fraud during International Fraud Awareness Week, visit FraudWeek.com.

The 2018 Report to the Nations is available for download online at the ACFE’s website: ACFE.com/RTTN.  The Report is in PDF format.

About the Association of Certified Fraud Examiners
Based in Austin, Texas, the ACFE is the world's largest anti-fraud organization and premier provider of anti-fraud training and education. Together with more than 85,000 members, the ACFE is reducing business fraud worldwide and inspiring public confidence in the integrity and objectivity within the profession. For more information, visit ACFE.com.


For Immediate Release                                                                        

For More Information Contact:

Jack Scorgie

E-mail: jack@upfx.co.uk

(London, UK, August 05, 2019) Universal Partners FX is delighted to agree a partnership with the Timber Trade Federation (TTF), the UK’s largest membership body for the timber supply chain.

The two-year agreement - with a view to extend - means that Universal Partners FX act exclusively as the foreign exchange provider for all members of the TTF, providing critical expertise to businesses that are deeply impacted by overseas transactions, and the associated costs.

Director Oliver Carson added “Universal Partners FX believes that establishing meaningful relationships with clients is the key in an industry where trust is paramount. By working closely with members of the TTF, we can offer our tailored service that has been fine-tuned by amounting over 100 years of experience within foreign exchange”

“The added bonus is some of our executives are actually IOM3 certified as technicians for the Institute of Materials, Minerals & Mining – making us a perfect fit for the industry.”

As an industry that is heavily reliant on importation, Universal Partners FX feels that a dedicated service can save the industry significant amounts of money on international trading, which can contribute to long term benefits for all members.

To show our commitment, we are offering all members of the TTF a free foreign exchange audit.  By calling 020 7190 9559 or emailing enquiries@upfx.co.uk members can discover if they have the best strategy to prepare for a ‘no-deal’ Brexit.



Press Contact

For more information, contact:

Jack Scorgie

020 7190 9559