Fake traveller’s cheques warning

The RCIPS is warning residents of a new financial scam that has come to light in the Cayman Islands.

The Financial Crimes Unit is currently investigating a number of cases where people have come into possession of or attempted to cash forged travellers cheques.

The scam involves traveller’s cheques being sent to recipients from aboard. They are not signed or counter signed but they are dated and made payable to the recipient.

These cheques are fake and attempting to cash them could lead to a 10-year prison sentence.

The FCU has recently charged one woman in relation to these offences. She was charged with uttering a false document and possession of forged currency and is currently being dealt with by the courts.

The RCIPS is asking anyone who receives these types of cheques in the post to contact detectives in the FCU on 949-8797 as soon as possible.

Other scams

Detectives are also advising people should they receive correspondence with the following characteristics, it is more than likely to be bogus or seeking to scam or defraud:

A letter or e-mail from someone you have never heard of.

Offering you money for doing basically nothing, other than claiming the cash.

Originating from a foreign country. (Many of them come from Nigeria or an African country; however more recently these emails are originating from other parts of the world including China, Russia, Middle East and Europe).

The sender wants you to act urgently.

There is usually money tied up in some bank account, will or hidden vault. Sometimes, the sender proposes to simply send you a cheque (which will be forged).

The sender usually asks you to keep it confidential.

If asked, the sender will tell you that your name was obtained from the consulate or some other source that you probably never gave your name to.

The sender will try to alleviate your scepticism by calling you, showing you official looking documents, or have the other associates contact you to vouch to the legitimacy of the proposed endeavour.

Other common characteristics include lots of misspellings, typos, appeals to God, calling you a friend, referring to you as honest or trustworthy, a reference to a barrister or government official as a partner and use of generic language, such as sir, your country.