Check Fraud Prevention Strategies for Banks

Is your financial institution experiencing record check fraud losses? You're not alone if you answered "yes." FinCEN has reported huge increases in check fraud SARS filings. The FBI estimates that check fraud losses amount to $18 billion a year. Payments by check are the least secure of all forms of payment, and organized crime takes advantage of these weaknesses. To identify and reduce check fraud losses, you need to be familiar with the current methods for preventing paper and digital check fraud.

Laura Ponder, a financial crimes consultant, will discuss valuable strategies for reducing check fraud, regardless of whether the check is counterfeited, forged, or altered.

What You'll Learn

• How organized crime rings operate
  
• What steps can be taken internally to reduce fraud loss
  
• How to identify counterfeit, forged, or altered checks
  
• How to reduce digital check fraud
  
• How to update account agreements to minimize your liability
  
• The responsibility of customers to protect their accounts
  
• How to enforce customer responsibilities
  
• How to handle accounts after fraud occurs
  
• Which bank is liable for loss according to return rules for checks
  
• How you can create a local Financial Crimes Network

You’ll Also Receive

• PDFs of the presentation slides for each of the sessions and other materials the speaker may distribute
  
• Valuable training which will enhance your career development