OCC Warns National Banks on Risks Posed by Scams Involving
Fraudulent Bank Cashier’s Checks
The Office of the Comptroller of the Currency issued guidance
today warning of the risks posed by scams involving fraudulent bank cashier’s checks and describing
steps national banks should take to protect themselves and their customers. In most of these cases,
individuals receive a cashier’s check and are asked to deposit the check into their account, wait until
funds become available and then wire some part of the funds from their account to a third party, often
in a foreign country.
Read
more...
