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.
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