Start Date: 9/11/2024 9:00 AM MDT
End Date: 9/11/2024 10:30 AM MDT
Location:
United States
While the number of checks has decreased, check fraud has exponentially increased. In February 2023, FinCEN issued an alert (FIN-2023-Alert003) indicating there were 680,000 cases of possible check fraud reported in 2022. That’s up from 350,000 in 2021, which itself was a 23% increase over 2020. Because FinCEN sees no indication that check fraud is going to subside anytime soon, the agency cautioned financial institutions to be vigilant and, along with the United States Postal Inspection Service (USPIS), warned that the main source of stolen checks is the US mail.
This webinar will look at all the different check fraud schemes and how to prevent them. You’ll also learn who takes the loss for each type of fraud.
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