Avoiding Check Fraud Liability: From Prevention to Loss Allocation
Check fraud losses are estimated to exceed $18 billion each year. With more and more altered and counterfeit checks flooding financial institutions, this number is sure to increase.
Unfortunately, many financial institutions fail to teach front-line staff the fundamentals of avoiding check fraud. Further, when a loss does occur, some institutions don’t understand how the law allocates the loss.
If you’re confused about what your financial institution can do to prevent losses, as well as what your legal responsibility might be in various check fraud situations, this seminar is for you. This session will focus on the best practices that can be employed rather than looking at any particular state’s laws.
