Check Fraud & Scams
On-Demand Webinar:
StreamedSep 11, 2024Duration90 minutes
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Checks are becoming obsolete – so why worry? Not so fast!
Although check use is declining,
check fraud is increasing exponentially year after year. You cannot afford to
have a laissez-faire attitude! Attend this interesting program to learn the
latest on check fraud scams and how to spot and thwart them.
AFTER THIS
WEBINAR YOU’LL BE ABLE TO:
- Remember the common components of a check
- Handle accountholders who present counterfeit items
- Distinguish between recover rights on alterations, fraudulent items, and forged endorsements
- Use Regulation CC holds and other tools to prevent loss
- Identify check washing, cash-back scams, fraudulent items, check kiting, and other types of check fraud
- Listen to what your accountholder is saying to determine if a check is legitimate
WEBINAR DETAILS
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.
WHO SHOULD ATTEND?
This informative session will
benefit tellers, new accounts staff, compliance professionals, bookkeeping
personnel, call center staff, branch managers, BSA officers, and security
officers.
TAKE-AWAY TOOLKIT
- Teller handbook
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your institution is prohibited. Print materials may be copied for eligible
participants only.
Presented By
Gettechnical Inc.
© 2024 FINANCIAL EDUCATION & DEVELOPMENT, INC
