The Central Bank of Trinidad and Tobago held a stakeholder meeting with commercial banks, the Trinidad and Tobago Police Service and the Financial Intelligence Unit of Trinidad and Tobago to develop coordinated strategies to combat fraud in online banking and digital transactions, with a focus on protecting vulnerable groups including the elderly. Chaired by Governor Larry Howai and Financial Services Ombudsman Dominic Stoddard, discussions covered assessing the scale of fraud recorded over the past 12 months, strengthening customer engagement and public education, and reinforcing cross-agency partnerships to improve interventions and resolution of cases. Participants included the Bankers Association of Trinidad and Tobago and banks operating in Trinidad and Tobago, alongside police representatives from the Fraud Squad and Financial Investigation Branch, and the Central Bank highlighted existing information on emerging fraud typologies as a basis for collective public awareness campaigns.
Central Bank of Trinidad & Tobago 2025-10-28
Central Bank of Trinidad and Tobago convenes banks, police and FIUTT to coordinate action against online banking fraud
The Central Bank of Trinidad and Tobago met with commercial banks, law enforcement, and the Financial Intelligence Unit to strategize against online banking fraud, focusing on vulnerable groups. Chaired by Governor Larry Howai and Financial Services Ombudsman Dominic Stoddard, the meeting addressed fraud scale assessment, customer engagement, and cross-agency collaboration. The Bank emphasized using existing fraud typologies for public awareness campaigns.