As a financial institution offering checking or draft accounts, your institution is both a paying bank and a depositary bank (also known as the bank of first deposit or BOFD); as such, you need to understand how to identify altered and counterfeit checks. It is equally important to understand how check law allocates liability for each type of fraud. This session explains the difference between altered and counterfeit checks and who takes the loss when this fraud occurs.

NCP Credits: Up to 1.2

Item Number - LMSR2542