laptop 17.09.10.jpgZimbabwe is set to host a summit to fight white collar crime in a bid to tackle challenges posed by the growing threat.

The summit scheduled for the 3rd of next month is expected to focus on economic and hi-tech crimes in Eastern and Southern Africa and challenges encountered in managing the fraud and corruption problem.

Forms of white collar crime that are expected to come under the spotlight include bribery, cyber-crimes, deceitful financial reporting, fraud and billing schemes among others.

Proctor and Associates Senior Partner, Mr. Proctor Nyemba who is organising the conference said there is a growing threat of white collar crimes highlighting that there is need to build capacity in prevention of fraud, and the prosecution of fraudsters.

Forensic Examiner, Mr. Shepherd Goto said white collar crime is becoming a serious economic threat especially for emerging economies such as Zimbabwe, with the association of certified fraud examiners estimating losses due to fraud at 5%of gross revenue for global organisations each year.

Several regional and international speakers are expected to make presentations during the two-day summit to be held in Victoria Falls.