Check Fraud and Risk Mitigation

Every FI lives with the risk of check fraud. This session will discuss the various types of fraud, and ways to mitigate the risk of accepting and paying checks. Understanding the BOFD’s presentment warranties, the paying bank’s obligations to their customers, and knowing the conditions and terms of the RDC Indemnity will help every FI understand their obligations, risks, and risk mitigation. Community Bank Operations, Bookkeeping, Check Research, Compliance, and Risk Management Staff would benefit from this information.