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Cayman Islands
SIX, Cricket Square
PO Box 10052
Grand Cayman KY1-1001
Cayman Islands

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Enhance Your Fraud Prevention Skills

Archived News Releases
Date: Tue, 01 November 2016

(Grand Cayman  - Tuesday, 1 November 2016) The Cayman Islands Monetary Authority (CIMA) in collaboration with the Royal Cayman Islands Police Service’s (RCIPS) Financial Crimes Unit (FCU) and the Cayman Islands Chamber of Commerce will host the 2016 Know Your Money Fraud Prevention Seminar from 15-16 November 2016.  

This year’s seminar will be held at the Chamber of Commerce conference room, Governor’s Square. The seminars are split into four half day sessions; with the morning sessions commencing at 8:30 a.m. and afternoon sessions commencing at 1:15 p.m. 

“The Authority is once again pleased to co-host this important annual event. With the advancement of technology, we recognize that fraudsters are coming up with new and clever tactics which threaten this industry every day. Therefore, we must become equally empowered to find proactive and innovative strategies to counter such actions. It is also vital that we educate the public to remain vigilant in our day to day transactions. This Fraud Prevention seminar will provide useful tips which will help persons protect themselves and their businesses against fraudulent operations,” said CIMA’s Managing Director, Mrs. Cindy Scotland. 

Mr. Wil Pineau, CCE, Chief Executive Officer of the Cayman Islands Chamber of Commerce shared similar views, “The information shared during the free workshops is invaluable and I would strongly encourage businesses to send staff members to attend one or more of the four free half day sessions. The workshops are led by experts who are on the front line in the ongoing battle to reduce financial crime.” 

Presenters will include representatives from the RCIPS Financial Crimes Unit, United States Secret Service and Cayman Islands banknote printers, De La Rue. They will cover a range of topics including banknote features, counterfeit detection, credit card fraud, phishing and cybercrime, amongst other related areas.  

The seminars are primarily geared towards business leaders and employees, who are often the first line of defence when it comes to detecting fraud or handling money. However, the sessions are open to any member of the public. 

The upcoming Pirates Week festivities and Christmas season is the time of year where we see increased cash transactions and is therefore timely  to educate and enhance the public’s awareness of fraud prevention methods. 

Businesses are strongly encouraged to register their staff for one of the free workshops. Members of the public can register their staff via the Chamber of Commerce’s website and may also register by calling the Chamber Office at 949-8090.