US Secret Service to present at fraud seminar


The Cayman Islands Monetary Authority (CIMA), in partnership with the Royal Cayman Islands Police Service’s (RCIPS) financial crimes unit (FCU) and the Cayman Islands Chamber of Commerce, will host a high level fraud detection and prevention seminar from 3 – 4 November 2015.

The authority’s currency division in collaboration with the RCIPS’s FCU and the Chamber of Commerce hold the Know Your Money seminars biennially, the last being held in November 2013. This year’s seminar will be held in Grand Cayman at the Chamber of Commerce training room in Governor’s Square.

Representatives from the United States Secret Service will be presenting on the topics of identity theft/scams and cyber-crime, credit and debit card fraud, and US counterfeit notes.

Two representatives from De La Rue, the Cayman Islands Banknotes Printers, will also be running a session about the security features of genuine Cayman Islands currency.

This will aim to assist participants in distinguishing genuine notes from counterfeit ones.  The session will also cover the CI$100 banknote, which was the last denomination of the 2010 D series to enter circulation in October 2014.

“At CIMA, we are highly conscious of the need to continually stay abreast of counterfeiting technology, fraud tactics and other criminal activities that threaten this industry every day,” said Cindy Scotland, managing director, CIMA,

“As fraudsters become emboldened by new technology, we must become equally empowered to find proactive and innovative strategies to counter their tactics.  Fortunately, forums such as this allow us to continually enhance security measures and help to combat the threat of fraud as one unified force.”

CIMA, RCIPS, Cayman Islands Chamber of Commerce, United States Secret Service, US, Cayman

Cayman Funds