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Check Washing & Check Fraud Countermeasures

Check Washing & Check Fraud Countermeasures

Check Washing & Check Fraud Countermeasures
Free Shipping on Business Checks!

Has your organization been a victim of check washing or check fraud?  Don’t think it could happen to you?  Read more

Fraud Facts for ANY SIZE Organization:

Occupation Fraud is classified in three categories, Asset Misappropriation, Corruption, and Financial Statement Fraud.

Asset Misappropriation is the most common fraud used in over 89% of cases and a median loss of $100k according to Association of Certified Fraud Examiners.

The median time before a business detects check tampering is 24 months.

A tip rather than audits, reconciliation, monitoring, or surveillance detects occupational fraud.

Most organizations do not have a Fraud – Reporting System

Takeaway & Countermeasure to preventing Check Fraud

Choose “signature required” when receiving new checks to avoid interception

Always store your checks in a secure location

Know the difference between A High Security Check & Regular Business Check

Set up an anonymous hotline to report fraud with your business

Implement a Fraud – Reporting System


I also have another more in depth article about check washing and the type of High Security Checks you should be using to protect your business, that article can be found by following this LINK.



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