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Attorney General promises additional legislation to deal with fraud

A conference regarding fraud in the Caribbean opened in Port of Spain, this morning with the Attorney General promising at least thirteen additional pieces of legislation to bring the country in line with the international community.

According to Faris Al Rawi, it would help prevent the nation being blacklisted.

Issues such as human trafficking and the need for greater networking between large and small financial institutions and stand-alone businesses, are also up for discussion at the two day conference.

It’s estimated that companies lose an average five percent of annual revenue to fraud, amounting to a combined total of some three point seven trillion US dollars worldwide.

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