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Family frauds


Shawn Cumberbatch

Family frauds

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The Royal Barbados Police Force is reporting increased financial fraud within families during the COVID-19 pandemic.

Inspector Sonia Thompson, of the Financial Crimes Investigation Unit, revealed that a number of these matters involving the unauthorised use of automatic teller machine (ATM) cards were not being pursued because individuals were opting not to prosecute their loved ones, after viewing video evidence showing them who the perpetrators were.

Thompson was speaking yesterday during an online discussion hosted by the Central Bank and Financial Services Commission on the topic, Financial Fraud In Barbados. It was the final session of the 2021 Domestic Financial Institutions Conference series.

She agreed with fellow panellist, Financial Intelligence Unit (FIU) director Kirk Taitt, that there were fewer reports of financial fraud at financial institutions and businesses during the pandemic period as compared to the year before. (SC)

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