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CIMA Alerts Taxpayers about Fraudulent E-mails

Officials from CIMA (Cayman Islands Monetary Authority) have issued an alert to taxpayers for remaining vigilant about one fresh e-mail scam, which by circulating online, is attempting at attacking them, thus published caymannewsservice.com dated February 29, 2012.

Significantly, serving as the key regulator of financial services across Cayman Islands, CIMA monitors the Authority's currency board.

The latest electronic mail, states CIMA, is soliciting readers' account details as also PII (personal identifiable information) for seemingly making its client data up-to-date. Bearing the caption, "Cayman Islands Account Holders Update," the scam electronic mail asserts that the details are required so that non-resident account-owners can be excused from paying taxes, although, the message has no connection with CIMA whatsoever.

Remarking about this e-mail, the monetary authority's Spokesperson stated that CIMA urged all registrants, licensees along with the public associated with the Authority that the latter hadn't sent out a request of the above kind. Hence, the e-mail was totally false. Anybody getting it mustn't answer it, while the person was being urged for contacting the Royal Cayman Islands Police Service's Financial Crime Unit, the Spokesperson added. Radiocayman.gov.ky published this on March 1, 2012.

Additionally, CIMA's other officials tell Internet users to get in touch with Radio Cayman through e-mail at rcnews@gov.ky alternatively call their hotline number.

The officials further tell that during the forthcoming number of weeks, it's important that taxpayers remain extremely cautious about e-mails that are themed around tax. According to them, identity thieves are especially active during the tax season when they craft fake e-mails as also fake websites for duping 'people paying taxes' into giving away personal financial information.

'People paying taxes' must remember that all genuine institutions like CIMA as mentioned above won't ever utilize text message alternatively e-mail for contacting Internet users and ask for their financial or other personal information.

CIMA recommends Internet users that they must go through the news carefully for enabling them to differentiate CIMA e-mails from real frauds. Fraudulent e-mails generally have weak grammar and incorrect spellings whereas CIMA's or other distinguished authorities' e-mails bear the least possibility of such errors, the Authority concludes.

Related article: China’s Best Initiatives To Deal With Spam

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