Recognizing the Red Flags

The Rise in Stolen Check Fraud

Mail-related check fraud is surging, with check fraud-related SARs filed to FinCEN reaching over 680,000 in 2022. In response to a nationwide surge of stolen check fraud schemes targeting the U.S. mail system, FinCEN has released a new alert to financial institutions, including financial red flags to help identify and report these crimes.

Download these webinar slides for an informative presentation on the latest red flags on stolen check schemes, how Verafin uses the power of consortium analytics to fight check fraud, and why seeing the full picture of fraud and understanding the risk associated with the deposit side of the transaction is essential.

  •   Check Fraud
  •   Collaborative Frameworks
  •   Deposit Fraud
  •   Fraud

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