Stolen, altered check triggers six-figure loss before stop-pay lands A Kansas City case shows how a stolen and altered $881,324 check was deposited and quickly converted to cashier’s checks and cash before a stop-payment reached the bank. Require enhanced KYC for new business accounts with large first deposits. Tighten large-item review and exception holds for … Continued The post AFS Fraud Insights: Check and ACH cases to study this week appeared first on Advanced Fraud Solutions.| Advanced Fraud Solutions
Quick Headlines Ally Bank targeted via FBI-agent spoof, attempted bank-fraud play Connecticut indictment alleges stolen-check scheme hitting bank accounts OCC releases August enforcement actions with governance signals Loan officer HELOC manipulation case moves toward sentencing Key Stories Ally Bank spoof via fake FBI authority DOJ reports a Texas suspect posed as an FBI agent … Continued The post Fraud insights: Ally Bank spoof, OCC enforcement, and HELOC fraud appeared first on Advanced ...| Advanced Fraud Solutions
FOR IMMEDIATE RELEASE Triad fraud prevention company joins region’s top growth performers as financial institutions battle increasingly sophisticated criminals Greensboro, NC – Advanced Fraud Solutions (AFS) has earned a spot on the Triad Business Journal’s 2025 Fast 50 list of fastest-growing privately held companies. The fraud prevention software company, which serves over 1,200 financial institutions … Continued The post Advanced Fraud Solutions Named to Triad Business Journal Fa...| Advanced Fraud Solutions
In the ever-evolving world of financial security, the phrase “treasury check” might not raise alarms for most, but it should. Government-issued payments, such as the Economic Impact Payment associated with COVID-19 stimulus checks, often include identifiable markers, and any checks lacking this designation could be fraudulent. As we stride confidently into 2025, the shadowy figures … Continued The post Watch Out for the Latest Treasury Check Fraud Tactics [Updated for 2025] appeared fir...| Advanced Fraud Solutions
Discover the best fraud detection software in our 2024 guide. Master deposit fraud detection for your bank or credit union.| Advanced Fraud Solutions