🌎 Latin America
Apr 22, 2026
· BY DASHAN HENDRICKS Business content manager hendricksd@jamaicaobserver.com
DIGITAL HEIST
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FRAUD in Jamaica’s banking system is becoming less frequent but more targeted and organised, with criminals pursuing bigger payouts even as reported cases and overall losses decline, according to the Bank of Jamaica (BOJ) and police investigators.
The central bank, in its 2025 Financial Stability Report published on March 31, said total fraud losses in the deposit-taking sector fell 18 per cent to $2.4 billion in 2025, down from roughly $2.9 billion a year earlier, while the number of reported
The central bank, in its 2025 Financial Stability Report published on March 31, said total fraud losses in the deposit-taking sector fell 18 per cent to $2.4 billion in 2025, down from roughly $2.9 billion a year earlier, while the number of reported
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