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  • 19 Nov 2022 9:00 AM
    CPD-2.58 (Mok Sau King Lecture Hall), 2/F Centennial Campus, HKU Campus at Pokfulam, HK (limited seating) -OR- Zoom webinar
  • 15 Dec 2022 6:30 PM
    Regal Ballroom, Level Basement 1, Regal Hong Kong Hotel, 88 Yee Wo Street, Causeway Bay, Hong Kong

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  • 24 Nov 2022 9:00 PM | Anonymous

    Sing Tao News reported the view of ESG fraud of Barry Tong and Albert Ho of ACFE Hong Kong Chapter.

    ...特許詐騙審查師學會香港分會會長湯飈指,近年在歐美等地的「綠色詐騙」個案有上升趨勢,慶幸歪風尚未吹至香港,惟最近也多了客戶查詢相關審查服務。他認為,「綠色詐騙」的成因眾多,不限於金錢或利益衡突,最終目的也只是吸引投資者及應付相關條例要求。...

    ...特許詐騙審查師學會香港分會董事兼研究委員會主席何仕景解釋,「綠色詐騙」跟普通詐騙屬同一層面,只是欺騙的對象不同。...

    Full article:  https://hd.stheadline.com/news/realtime/hk/2388165/

  • 24 Nov 2022 6:30 PM | Anonymous

    NOTICE OF ANNUAL GENERAL MEETING

    NOTICE IS HEREBY GIVEN that the 2022 Annual General Meeting of the Members of the Association of Certified Fraud Examiners, Hong Kong Chapter Limited (“ACFE-HK”) will be held at the function room at Basement 1, Regal Hong Kong Hotel, 88 Yee Wo Street, Causeway Bay, Hong Kong on Thursday, 15th December 2022 at 6:00 p.m. for the following purposes:

    1. To approve the minutes of the Annual General Meeting held on 8th February 2022;
    2. To approve and adopt the Report of the Board of Directors and the audited Financial Statements for the year ended 30th June 2022;
    3. To appoint the Honorary Auditors;
    4. To fill the vacancies arising from the retirement of certain Members of the Board of Directors for 2022/2023;
    5. Any other business

    By order of the Board


    Peter KM Wong
    Secretary

    Hong Kong, 24th November 2022

    Full Notice of Annual General Meeting
  • 3 Oct 2022 6:00 PM | Anonymous

    Sing Tao News reported research reports of the ACFE, presented by Barry Tong and Albert Ho of ACFE Hong Kong Chapter. 

    詐騙審查師學會:小心綠色金融欺詐風險

    (星島日報報道)在複雜的商業社會,欺詐事件有時難以避免。不過,根據特許詐騙審查師學會的調查顯示,由於近年企業員工反詐騙意識提升,更多人願意挺身舉報,因此詐騙事件遭揭發的時間,有縮短的趨勢。雖然如此,隨着商業活動不斷轉變,新的詐騙漏洞亦會浮現,例如現時大行其道的綠色金融,亦不排除有涉及詐騙活動的風險。

    Full article:  https://std.stheadline.com/daily/article/2489161/


  • 11 Aug 2022 2:23 PM | Anonymous

    The ACFE Hong Kong Chapter has been thrilled by the success of our recently completed four-part Investigations Training Workshop. It has been our most successful event ever. The course attracted 168 participants, a record number including members from five other Asian ACFE Chapters in Singapore, Philippines, Malaysia, Indonesia and Taiwan. The continued success of this well-established training programme, run in collaboration with the University of Hong Kong's Centre for Criminology for 10 years, is due in no small part to the high quality of our presented material and the enthusiasm of our members.

    Over the four weeks of this course, we were able to offer an outstanding and diverse selection of topics covering the dos and definitely don'ts of due diligence, fraud investigation and governance, the fraud examiner's role in supporting listed companies suspended by the Hong Kong Stock Exchange, the latest post-covid legal developments, cases and remedies for the victims of fraud, and an exploration of digital investigation techniques. We'd like to thank all our presenters for their time and efforts, and all our participants for their enthusiasm and active involvement in this excellent programme. We offer our fraud investigation training programme twice a year on Saturday mornings, with diverse and thought provoking topics presented by experts and specialists to support the professional development of our Hong Kong members and, evidenced by our recent outreach, we now offer this to regionally based CFEs.

    If you'd like to join us at our next investigations workshop scheduled for November-December, please look out for announcements on our website, where you will also find information about other forthcoming presentations, including our annual ethics presentation In September, our next breakfast presentation in November and our newly established Young Practitioners' Club.

  • 5 Apr 2022 10:28 PM | Anonymous

    On 4th April 2022, the ACFE Hong Kong Chapter presented an introduction to fraud investigation to Hong Kong University's undergraduate Criminology class. The Chapter Vice-President Ian Barlow spoke about fraud and the criminal mind, highlighting some of the more notorious and globally recognised scams of recent years and the Chapter President Barry Tong introduced the ACFE Hong Kong Chapter Young Practitioners Club and the ACFE Hong Kong prize.


  • 31 Jan 2022 12:08 PM | Anonymous

    The 2021 Annual General Meeting of the Members of the Association of Certified Fraud Examiners, Hong Kong Chapter Limited will be held as a virtual meeting on line on Tuesday, 8th February 2022 at 6:30 p.m.

    Please refer to our email for details.

  • 28 Aug 2021 11:07 PM | Anonymous


    The Association of Certified Fraud Examiners (ACFE) Hong Kong Chapter has established the Association of Certified Fraud Examiners (Hong Kong Chapter) Prize. The HK Chapter is committed to developing the profession and in doing so, the Prize is intended to help HKU undergraduate students to broaden their learning horizons and develop their career path in finance and compliance. ACFE Hong Kong Chapter is a not-for-profit organization holding social and training activities on a regular basis to connect anti-fraud professionals and promoting professional advancement in the prevention, deterrence, detection and investigation of fraud in Hong Kong.

    The ACFE HK Chapter has been collaborating with the Department of Sociology and Centre for Criminology, HKU in promoting training and education in the sector. The Prize is hosted by these HKU units. The Department of Sociology has been providing undergraduate Criminology major/minor programmes and taught postgraduate programme the Master of Social Sciences in Criminology, which provides a foundation for advanced research degree studies in the discipline and offers a professional qualification for practitioners in criminal justice and related fields. Working on a similar vision, the Centre for Criminology, has been researching on crime and deviance and offering regular trainings for practitioners in the field.

    Details of the Prize are as follows:

    Level of study: Undergraduate 
    ​Faculty/Department: All students with a major or minor in Criminology
    ​Year of study: Year 3 & 4
    ​Place of origin: Local Hong Kong students
    ​Selection criteria: Academic merit and an essay of 500 words (on their interests on fraud related issues)
    ​Number of awards: Three per year
    ​Award value: A cash prize of HK$5,000, ACFE (Hong Kong Chapter) training package and one year of post CFE qualification training

    Awarding authorities: A shortlist of 15 outstanding students will be invited to submit the 500 words short essay for selecting the awardees.


  • 17 Jan 2021 11:43 PM | Anonymous
    (The full report can be found from the ACFE website)

    COVID-19 has affected — and will continue to affect — the business environment in countless ways. Travel bans, employees working remotely, and an increased reliance on technology and economic uncertainty have become the reality for many organizations around the world. And while these and other hurdles present numerous logistical and operational challenges, they also open the door to the increased pressure, opportunity and rationalization that can lead to fraud.

    To illuminate the global pandemic’s impact on the fight against fraud, the ACFE is undertaking a series of benchmarking surveys exploring how fraud risks and anti-fraud programs are changing in the current environment. The December 2020 edition of the Fraud in the Wake of COVID-19: Benchmarking Report summarizes the results of the third of these surveys, which was conducted November of 2020. We hope that the information highlighted in this report will help you understand how fraud risk is evolving and the importance of staying ever vigilant in protecting against its harms in the wake of the novel coronavirus.

  • 30 Dec 2020 6:57 PM | Anonymous

    2020 will be a year we'd all like to forget, but with the hope of vaccines arriving soon we should be able to look forward to a better 2021.

    The heart of the efforts of your volunteer board is always to help support professional development among our existing members, and to encourage a wider community involvement in raising awareness of fraud and its prevention. In normal times we rely on being able to speak to you personally at our breakfast seminars and twice yearly development courses.  The personal contact between our presenters and our audience is a key part of making our presentations such a success. This year we have been forced to try something new through a virtual classroom. The feedback we have received from you and the overwhelming support you've given through your attendance tells us that we have succeeded in very difficult and very experimental circumstances. I am happy to tell you that we have maintained the same number of training events in 2020 as in a more normal year. I want to take this opportunity to thank all our presenters for their efforts in new and challenging circumstances, and to all of those who have attended these sessions for the enthusiasm and commitment you have shown in making these sessions a success.

    As we look forward to 2021 we can hope and plan for a return to classroom training and the personal contact our social events contribute to making this such a resilient community. We will be offering a selection of breakfast training events throughout the year and our signature foundation and advanced courses in June and October-November.  We hope that by mid 2021 the community health situation will permit both these two major calendar events to be held at Hong Kong University and for our normal social events to restart. We will also adopt an online registration and PayPal payment system to support our training events, reducing the amount of paperwork for both you and us. We will also be considering how we can further develop and cement our relationship with the University of Hong Kong's Criminology programme and the wider local academic community.  I hope to share more about our ideas in this area later in the year.

    To close I want to thank all our board members for their valued contributions in this most difficult of years, and to highlight the contributions of two people without whom none of our virtual classroom efforts would have been possible.  Thanks to Kenneth Lam, our IT specialist for reinventing our classroom, and to Stella Tse, our part-time administrator for supporting us through 2020.

    Best wishes to all our members, friends and supporters.  We all look forward to a new and better 2021!

    Barry Tong
    President ACFE HK

  • 8 Dec 2020 2:42 PM | Anonymous

    By Kris Lee, CFE
    Director and past President of the ACFE Hong Kong Chapter

    Customs seize 15,000kg of counterfeit rice from company that supplied to almost 100 restaurants in Hong Kong

    More than two years ago, Hong Kong Customs & Excise seized a large quantity of counterfeit labelled rice. The case was reported in the local press and by Customs & Excise. The case centred on the counterfeit labelling of an inferior product being sold as a premium product, so big profits for something not really worth the money. I have been thinking about this sort of case for a while, but not from the counterfeiting angle. My interest is in the potential for fraud and corruption in selling these shoddy products into the catering market. I waited until now to write about this case because I didn't want to jeopardise a fraud or corruption investigation.  I've seen nothing published about this since then, so I think it safe think publicly about this now.

    Let's start with the bare facts of the case:

    1. 15,000 kg of rice was packed in 600 counterfeit branded bags
    2. Each sack contained 10% high-quality rice and 90% of a much lower quality
    3. Seized separately were 6 tonnes of low-quality rice and 1.6 tonnes of genuine brand high-quality rice ready for packing
    4. The rice would have been sold to 100 local restaurants and “cha chan teng”.

    The case made me ask myself a number of questions:

    1. Why would the restaurants want to buy such low-quality rice in high-quality brand bags?
    2. Was the rice sold at normal or below-market price?
    3. Would this sale have been a "one-off" transaction or was this part of a regular service? 
    4. The supplier operated from a factory in an industrial building in San Po Kong. What would tempt reputable restaurants to buy from a business in a factory building in preference to normal distributors or even a supermarket chain? 
    5. Wouldn't restaurant chefs see that the rice was low quality, and what would convince them to use it?
    6. Were the restaurants victims or willing participants in the scheme? 

    My own answers to these questions failed to convince me as a fraud investigator that this was a simple counterfeit retail product case and that these restaurants were genuine victims. Something extra must have happened to make this product acceptable to restaurants.

    If I were the auditor serving these restaurants, should I have spotted something?  In other words, was the restaurant paying too much for the low-quality rice, and why?  If I were an officer of the intelligence team at the anti-graft authority, should I have looked deeper into this?  The easiest way to achieve this would have been to ask Customs & Excise to share their intelligence; this could have led to some interesting graft investigations.

    Fraud and corruption have gone underground, and are now more complex and subtle.  The days of open inducements and obvious payments are gone.  Auditors and fraud investigators need to be alert to the signs and small indications of hidden transactions from books and records which might have been deliberately altered.  That is the value of proactive investigation.

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