From RCIPS

The RCIPS Financial Crime Investigation Unit (FCIU) is currently aware of a financial scam targeting persons in the Cayman Islands. Victims are contacted via phone by someone posing as VISA or Mastercard Security, or a bank employee, and asking for their assistance in a fraud investigation. They will tell the victim that the nature of the investigation means that they should not let anyone else know what they are doing. As part of this fake “investigation” the perpetrators will ask the victim to authorize a transaction that is ultimately transferred to the accounts of the culprits.

This past Friday, 5 April, officers were alerted to one such incident by staff at Butterfield Bank, who had noticed an older customer attempting to conduct an uncharacteristic transaction. Officers made contact with the victim and action was taken in time to prevent the transaction from being completed. This customer did not lose any money.

As such, the RCIPS FCIU is warning persons in the Cayman Islands to be wary of any calls from someone claiming to be from credit card security, and who is asking you to conduct a transaction in order to assist with an investigation. Financial investigators will not ask you to transfer funds in order to entrap criminals.

If you suspect you have been a victim of this scam, or if you receive any such suspicious calls, contact the RCIPS Financial Crime Investigation Unit at [email protected]. You can also contact police at 949-4222, or by dialing 9-1-1.

The RCIPS FCIU also offers thanks to Butterfield Bank for taking immediate action in response to a suspicious transaction.