Cases Show International Bank Fraud Plagues the Carribean

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Author: 

Date Published: 

Friday, July 1, 1994

Volume: 

10

Issue: 

7

Pages: 

256

Subject Areas: 

Bank Secrecy
Fraud
Financial Crimes
International Banking Supervision
International Crimes

Geographic Identifier: 

Latin America and South America
Caribbean
Jamaica
Panama

Abstract: 

Recent international bank fraud in Panama and Jamaica indicate the strong presence of bank fraud in small economies in the Caribbean. They are specifically vulnerable because of factors relating to globalization and crime. The criminals are able to manipulate ways through gaps in jurisdictions and commit fraud...[more]...