Page 713 - ACFE Fraud Reports 2009_2020

FIG. 46 How does the recovery of fraud losses vary by region?

19%
Western Europe
11%
49%
Eastern Europe and
16% 32% 61% Western/Central Asia
28%
55% 15%
United States 30% 52% 10%
and Canada 33%
Middle East Southern Asia
and North Africa 47%
14%
12%
43%
9% Asia-Pacific
50% 54%
60% 38% 32%
31%
Latin American Sub-Saharan Africa
and the Caribbean

Recovered Made a partial Recovered
all losses recovery nothing

FIG. 47 How does the type of scheme relate to fines
incurred by victim organizations?
19%

PERCENT OF C A SES 9% 10% Fines Against Victim Organizations

Beyond losses directly caused by occupational fraud,
some victims also receive fines from authorities re-
sulting from the fraud, such as when the victim failed

financial reporting requirements. Our data indicates
Asset Corruption Financial to take sufficient steps to prevent bribery or violated
misappropriation statement fraud that financial statement fraud schemes are the most
likely to result in a fine against the victim organization
(19% of cases); these cases also result in the largest
median fine (USD 221,000). While fines resulting
MEDIAN FINES $50,000 occurred at a similar rate (10% and 9%, respectively),
from corruption and asset misappropriation schemes

the median fine in corruption cases was three times
higher (USD 150,000).

$150,000

$221,000

Case Results Report to the Nations Case Results Report to the Nations 57