Financial Intelligence Unit of Trinidad and Tobago (FIUTT) Advisory on Overpayment Scam/Fraud Alert

The FIUTT has noticed cases whereby a fraudulent cheque, in particular a mailed-in cashier’s cheque, is credited to a
hotel’s bank account for alleged bookings and subsequently the “issuer” of the cheque would contact the payee/hotel
requesting a partial or full refund of the cheque amount. The request for a partial or full refund is usually made before the clearing period for the cheque is completed. This appears to be an emerging trend within the tourism sector.