Fraudulent Cashier’s Checks: Best Practices for Avoiding Losses Webinar

According to FinCEN in 2023, the financial industry saw a 23% increase in SAR filings related to check fraud over 2022’s numbers. Counterfeit and altered cashier’s checks were behind many of these frauds. Learn why cashier’s checks pose a unique and significant risk to institutions and the best practices for limiting losses on these items.

What You’ll Learn

• The unique dilemma cashier’s checks pose to institutions
• The factors that create a “Holder in Due Course” and why this status is important to cashier’s checks
• Why stop payments are virtually impossible to place on cashier’s checks
• When and how to use a Declaration of Loss affidavit
• The difference between counterfeit and altered cashier’s checks and why it matters
• Tips for processing cashier’s checks in order to avoid losses

Who Should Attend

Tellers, teller supervisors, customer service representatives, new accounts personnel, branch managers, security officers, fraud investigators, fraud examiners, and institution attorneys will benefit from this webinar.