CICC publishes Beating Fraud
The Cayman Islands Chamber of Commerce (CICC) has published a new consumer guide dedicated to preventing and planning against fraud. The guide entitled Beating Fraud was supported by the Royal Cayman Islands Police Service and sponsored by Deloitte, one of the leading financial advisors in the Cayman islands, which has been there since 1973.
The 46-page guide discusses the prevalence of fraud in Cayman community, business banking fraud prevention, money laundering, preventing robbery and theft, distinguishing a genuine bank note, computer security and crimes and contingency planning.
Beating Fraud is another fraud prevention and awareness initiative of CICC, which updates 7 previous brochures on fraud prevention.
According to Chamber of Commerce President, Ms. Angelyn Hernandez, Beating Fraud is a valuable guide to any company, business owner or individual. She says, that “over 42% of fraud victims never reclaim their losses, so it is imperative that everyone safeguards themselves against fraud, and this guide can help you to do thatâ€.