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.
Join Verafin experts on October 19, for an informative presentation – exclusively for financial institutions using CSPI Aurora Advantage. Our experts will 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.
