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Jamaican banks spend millions to combat fraud

Faced with the harsh reality of fraud, banks in Jamaica have spent hundreds of millions of dollars to tackle the issue.
     
This includes increasing public awareness programmes, training of law enforcement and employment of anti-fraud practitioners including investigators of fraud.
     
They have also been monitoring ATM activity and deploying anti-fraud hardware and software.
   
The banks have also been conducting seminars on an annual basis for anti-fraud practitioners in the financial services industry. 


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