Recognizing the Red Flags – For FIs on Aurora Core Systems

The Rise in Stolen Check Fraud

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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 released a new alert to financial institutions, including financial red flags to help identify and report these crimes.

Review these webinar slides for an informative presentation – exclusively for financial institutions using Aurora Core Solutions. Our experts discuss 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.

Tagged as...

  •   Check Fraud
  •   Collaborative Frameworks
  •   Deposit Fraud
  •   Fraud

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