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Use of ACRIS system to detect potential fraud based on market values
0:25:55
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95 sec
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Colette McCain-Jacques explains how the Department of Finance uses the ACRIS (Automated City Register Information System) to detect potential fraud in property transfers.
- ACRIS automatically pulls information about market values for properties
- The system flags any transfer being sold below the market value
- This automated process helps ensure that potentially fraudulent transfers are not missed