In the modern financial ecosystem, fraud prevention is one of the most challenging aspects, with fraud being an ongoing threat to all organizations.

 It causes an organization serious financial losses, reputational damage, and loss of stakeholder confidence.  

While it can be difficult to keep up with fraudsters as they are constantly changing their techniques, we must remain vigilant in our efforts to combat fraud.

The Jamaica Bankers’ Association (JBA) Anti-fraud Committee in partnership with the Jamaica Institute of Financial Services (JIFS) will be hosting its Annual Anti-Fraud Seminar under the theme “Combatting Fraud: Remaining Vigilant”. 

At this seminar, participants will learn how to protect their organizations from the fraudemic that has been trending.

Major Antony Anderson, Commissioner of Police, will give the keynote address.

Topics to be addressed include Current fraud Trends; “The Psychology of a Fraudster/The Fraud Triangle” Combatting Financial Crime:  Relying on Technology vs Stakeholder Engagement; Heightened Regulatory Scrutiny and Leveraging AI in Fighting Fraud.

Participants are expected to include Anti-fraud Practitioners in Financial Institutions from the areas of Commercial/Retail Banking, Security, Internal Audit, Information Technology, Security Companies as well as Law Enforcement. Complimentary attendance will be provided for some officers from the Counterterrorism and Organized Crime Investigation Unit (C-TOC) of the Jamaica Constabulary Force.

As fraud continues to evolve, financial services institutions and other organizations must remain vigilant in the fight against fraud. Through this Anti-Fraud Seminar and other JIFS activities, we strive to ensure that our financial services industry is prepared and capable of dealing with the challenges that impact our financial system, our country, and the world at large.

The Jamaica Bankers Association (JBA), established in 1973, is the professional industry representative body for commercial and merchant banks in Jamaica. The JBA’s principal purpose is to advocate for sound regulatory policies that will foster a vibrant and competitive environment for the benefit of the customers of its members and by extension the nation. The JBA also aims to ensure continued public education through the promotion of financial literacy, thereby allowing banking customers to make well-informed financial decisions.

The Jamaica Institute of Financial Services (JIFS), formerly known as the Jamaica Institute of Bankers (JIOB), was established in 1977 by the Bank of Jamaica and is now the educational arm of Jamaica. Bankers Association (JBA) whose mandate is to provide training and development opportunities for the financial services sector and the wider business community.