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Check Frauds and Scams

While the number of checks has decreased, check fraud has exponentially increased. In February, FinCEN issued an alert indicating that there were 680,000 cases of possible check fraud reported last year, up from 350,000 in 2021, which itself was a 23% increase over reports in 2020.

OnDemand
Recorded Tuesday,
February 4th, 2025
2 Presenters
2h total length
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • Compliance
  • Customer Service
  • Technology/Security
  • Teller
  • Branch Manager
  • Compliance Officer
  • Customer Service Representative
  • New Accounts Representative
  • Security Officer
  • Teller
  • Training Manager
  • Trainer

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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 U.S. mail.

During this webinar, we will look at all the different check fraud schemes and how to prevent them. Plus, we will cover who takes the loss on different types of fraud for your back-office staff.

What You'll Learn

  • Remember the common components of a check
  • Handle account holders 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 account holder is saying to determine if check is legitimate

Who Should Attend

This informative session is ideal for tellers, new accounts, compliance, bookkeeping, call centers, branch managers, bank secrecy officers, and security officers.

Leslie Nicely

Instructor Bio

Leslie Nicely, Senior Vice President for Gettechnical Inc. brings with her a wealth of practical banking experience. Her 30+ years include various positions with a local community bank including teller, teller supervisor, new accounts, lending, Branch Administration Officer, BSA/AML Officer and Security Officer and more. She graduated from the Virginia Bankers Association School of Bank Management. Her experience includes management, operations, lending compliance, fraud management, training, security and customer service. Her down-to-earth approach to training and her technical expertise makes her a real asset to our industry.

Deborah Crawford

Instructor Bio

Deborah Crawford is the President of Gettechnical Inc., a Florida based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 35+ years of combined teaching and banking experience.

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