Check Fraud Prevention Strategies for Banks

Are your financial institution's check fraud losses at an all-time high? You're not alone if you answered "yes"! In the last year, FinCEN reports huge increases in SARS related to check fraud. According to the FBI, check fraud losses amount to $18 billion a year. Payments by check are the least secure of all payment systems, and organized crime rings are taking advantage of them. In order to identify, mitigate, and allocate check fraud losses, you need to learn the new techniques that work today. Laura Ponder, a financial crime consultant, will discuss valuable ways to reduce check fraud. In this course, you'll learn how to protect your customers and minimize your institution's liability.

During this important webinar our expert speaker will discuss:

• How organized crime rings operate
• What steps can be taken internally to reduce fraud loss
• 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