Legal Liabilities when Check Fraud Occurs

Check fraud losses are estimated to be in excess of $18 billion each year.  In fact, a recent nation-wide counterfeit check operation is estimated to have caused over $9 million in losses. With more and more counterfeit checks flooding financial institutions, this number is sure to increase. Unfortunately, most financial institutions do not understand their legal rights and responsibilities for dealing with check fraud when losses occur. If you are confused about what your financial institution's legal responsibility might be in various check fraud situations, this seminar is for you.

Highlights:

  • Tips for spotting counterfeit, forged and altered checks;
  • Procedures that can be utilized to reduce the bank's exposure to check fraud losses;
  • A plain English explanation of the bank's legal responsibility for counterfeit, forged and altered checks under the Uniform Commercial Code, Regulation CC and other federal regulations;
  • Factors used to determine whether a check fraud victim has the legal right to expect reimbursement for a loss.

Who Should Attend?

Tellers, Teller Supervisors, Member Service Representatives, New Accounts Personnel, Branch Managers, Security Officers, Fraud Investigators and Fraud Examiners.

"Speaker is riveting, [knowledgeable], and speaks in terms laypersons can understand. She knows her topic very well and has offered practical information that we can actually use." -Rebecca A., Collegiate Peaks Bank

"This is the second webinar I have taken with Terri.  It has been a great learn[ing] experience." -Joe M., Gold Coast Bank


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   OnDemand Recording - $295   
   CD-ROM - $345