Cash suppression is the act of delaying or restricting or preventing a customer or the bank from having value for a transaction that has been executed by the bank employee within…
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Identity theft is the illegal use of an unsuspecting individual’s personal or financial information in order to assume their identity and make transactions or purchases. Identity theft is a growing…
Simply put, it refers to any type of fraudulent online transaction carried out by a fraudster. This is most common with card-not-present transactions, which carry higher risks because it is…
Maintain the privacy of your personal identification number (PIN). Never, ever write it down or share it with anyone, including family members. To keep your PIN number current, it’s also…
This fraud is usually committed in various forms including counterfeit cheques, cheque kiting, paper hanging, stolen and altered cheques (forgery). Tips for preventing cheque fraud Your cheques should be kept…
Fraud is any activity that relies on deception in order to achieve a gain. Fraud becomes a crime when it is a “knowing misrepresentation of the truth or concealment of…
