The Royal Cayman Islands Police Service Financial Crimes Unit is warning businesses in the Cayman Islands to be on their guard against credit card scams.
The credit card fraud involves businesses being contacted from overseas companies wishing to purchase goods or services.
These often take shape in the form of accommodation providers being asked to facilitate business people attending a conference or seminar.
A card is used to pay the bill and soon afterwards the fraudster will cancel the booking and request that the refund be sent in cash via a money transfer agency.
There are many different types of scam and below is a list of indications that should be looked out for.
• 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 other African country; however more recently these emails are originating from other parts of the world including China, Russia, the 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 e.g. Sir, your country.
Anyone who is approached in this manner is asked to contact the Financial Crimes Unit on 949-8797.