JavaScript is disabled in your web browser or browser is too old to support JavaScript. Today almost all web pages contain JavaScript, a scripting programming language that runs on visitor's web browser. It makes web pages functional for specific purposes and if disabled for some reason, the content or the functionality of the web page can be limited or unavailable.

Thursday, August 14, 2025

Cox discusses fraudulent cheque matters with BATT

by

966 days ago
20221222
A cross section of the meeting between the Ministry of Social Development and Family Services and the Bankers Association of Trinidad and Tobago. President of BATT Richard Downie, left, makes a point to Minister Donna Cox, seated at the head of the table.

A cross section of the meeting between the Ministry of Social Development and Family Services and the Bankers Association of Trinidad and Tobago. President of BATT Richard Downie, left, makes a point to Minister Donna Cox, seated at the head of the table.

Min­is­ter of So­cial De­vel­op­ment and Fam­i­ly Ser­vices Don­na Cox has met with the Bankers As­so­ci­a­tion of Trinidad and To­ba­go (BATT) to strate­gise on pre­ven­ta­tive mea­sures to al­le­vi­ate fraud­u­lent cheques in the sys­tem.

Ac­cord­ing to a re­lease from BATT as there con­tin­ues to be fraud­u­lent cheques in cir­cu­la­tion Cox con­vened a sec­ond meet­ing with BATT on Mon­day.

In at­ten­dance were BATT’s pres­i­dent Richard Down­ie, Man­ag­ing Di­rec­tor of Sco­tia­bank Gayle Pa­zos, Man­ag­ing Di­rec­tor of Ansa Bank Kath­leen Daly, Head of Re­tail Bank­ing at First Cit­i­zens Kurt Headley and oth­er se­nior bank­ing of­fi­cials.

The ex­ec­u­tive team rep­re­sent­ing the Min­istry were Per­ma­nent Sec­re­taries Jacque­line John­son and Sheila Seecha­ran, as well as Deputy Per­ma­nent Sec­re­taries - Jas­mine Pas­cal and Wendy Guy-Her­nan­dez.

“The meet­ing was con­vened to strate­gise on pre­ven­ta­tive mea­sures to al­le­vi­ate fraud­u­lent cheques in the sys­tem as well as es­tab­lish­ing cre­ative mech­a­nisms in which both the Min­istry and the Banks could fa­cil­i­tate the ease of do­ing busi­ness for our vul­ner­a­ble cit­i­zens. The meet­ing al­so pro­vid­ed an op­por­tu­ni­ty to dis­cuss arrange­ments for grant re­cip­i­ents to re­ceive their fund­ing through di­rect de­posit there­by re­duc­ing fraud­u­lent ac­tiv­i­ties,” a re­lease from the So­cial De­vel­op­ment Min­istry stat­ed.

Ac­cord­ing to Min­is­ter Cox, “The Min­istry makes con­tin­u­ous ef­forts to en­sure that mean­ing­ful so­lu­tions are cre­at­ed to safe­guard its clients, as there are high in­ci­dents of fraud and stolen cheques. In this re­gard, the Min­istry con­tin­ues to en­cour­age per­sons to sign up for Di­rect De­posit.”

“The Gov­ern­ment is al­so work­ing with the Cen­tral Bank of T&T to in­tro­duce Dig­i­tal Cur­ren­cies e.g. elec­tron­ic wal­let which will fa­cil­i­tate those who do not have an ac­count with the Com­mer­cial Banks. In con­clu­sion, both par­ties agreed to work­ing close­ly to­geth­er to en­sure that no one is left be­hind,” the min­istry stat­ed.


Related articles

Sponsored

Weather

PORT OF SPAIN WEATHER

Sponsored