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March Madness 2019

Chamber forum to prevent counterfeit fraud

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The Cayman Islands Chamber of Commerce, the Cayman Islands Monetary Authority and the RCIPS Financial Crimes Unit co-sponsored a workshop on Wednesday (16 November) for merchants wanting to learn strategies to combat fraud committed through counterfeit currency, credit and gift cards as well as cyber crimes.

“We’re doing it now as we go into our busy Christmas and holiday shopping period,” said Chamber CEO Wil Pineau, “That’s a perfect time for these criminals to put in these types of banknotes and scams into the marketplace, so we want to make front line staff and all business people aware of what could happen.”

Workshop attendees met with representatives from De La Rue, the world’s largest commercial banknote printer which has been a part of designing and printing Cayman Islands currency for decades.

About the author

Patrick Kreitlow

Patrick Kreitlow

Pat Kreitlow joined the Cayman 27 staff in October 2015. For nearly a decade, Pat was a familiar presence in living rooms across western Wisconsin where he was a reporter and nightly news anchor at WEAU-TV. He later served his neighbors as a state senator. When he and his wife Sharry became “empty nesters,” they moved to Grand Cayman in early 2014. They have two daughters and two grandsons.

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