ICFC 2010: Deterring Fraud Through Financial Criminology with Islamic Perspective

Day One
2010 marks the third series of international conference in financial criminology being organized by the Asia-Pacific Forensic Accounting research Centre (AFARe), one of the leading research centres within the Accounting research Institute (ARI)administrative framework. The first conference was held at the Securities Commission in 2008. In 2009, the second ICFC was organized collaboratively with the Association of Certified Fraud Examiners (ACFE) and being held at the Kuala Lumpur Tower. ICFC 2010 is jointly organized by Universiti Teknologi MARA and the Companies Commission Malaysia (CCM) at the CCM Auditorium at KL Central. Themed "Deterring Fraud through Financial Criminology with Islamic Perspective", ICFC 2010 one of ARI's main initiatives to support its role as a HICoE whose niche research area is Islamic Financial Criminology. The conference was graced by one of the university's pro-chancellor, Ybg Tan Sri Dato' Seri Arshad Ayub. For the Faculty of Accountancy and ARI, Tan Sri Arshad has been instrumental in establishing and introducing the accounting professional program way back in the 1960s. Y. Bhg Dato' Dr Nik Mustafa, the Director General of IKIM presented a keynote paper that set the direction and flow of the conference discussions. Following the keynote paper, Prof Sofian from Indonesia, Dr Nawal from ARI, Prof Dr Syed Musa from Unirazak, Mr Selamat from Al-Rajhi Bank discussed the fraud deterrent mechanisms from the Shariah and Islamic perspectives.