Sagicor Group Jamaica says it maintains a zero-tolerance approach to fraud.

In a release, the financial institution says it notes the arrest of four people this morning in connection with a fraud scheme targeting Sagicor Group.

It said Sagicor Group continues to cooperate with the Major Organised Crime and Anti-Corruption Agency (MOCA), the Counter-Terrorism and Organised Crime branch, along with other agencies of the Jamaica Constabulary Force.

Sagicor Group said upon identifying irregularities in 2019, immediate steps were taken to report the matter and safeguard against future breaches.

It commends the authorities for the progress in the investigations so far.