The CIBC Country Manager has issued a warning about the increasing number of fraudulent currency conversions in Antigua and Barbuda. He highlighted that scammers are targeting businesses and individuals with fake conversion schemes, causing financial losses. The manager urged everyone to stay vigilant and verify transactions carefully to avoid falling victim to fraud.

The warning comes as part of a broader effort by financial institutions to protect customers from scams. The manager advised people to use official banking channels and report any suspicious activity immediately. This rise in fraudulent conversions reflects growing cybercrime risks in the region, which authorities are working hard to combat.

CIBC and other banks continue to strengthen security measures and educate the public on fraud prevention. Protecting financial transactions is vital for maintaining trust in the banking system and supporting Antigua and Barbuda’s economy. For more information on fraud prevention, visit the official CIBC website.