Fraud is on the rise and new account personnel at the financial institution can detect and prevent many of these frauds from the beginning. Sound new account opening procedures are a good start and then tips on what can occur and how to prevent it will help.  Learn what your staff needs to know and do to prevent new account fraud.

Topics include:

• Identity Theft: detecting fraudulent ID
• Business Account Fraud: Stolen checks opening accounts without authorization
• Check fraud: understanding check rules
• Deceased customers and accounts
• Adding fiduciaries to accounts improperly
• Ransomware and opening accounts for cyber crimes
• Elder fraud and caregivers
• Human Trafficking at new accounts
• Using the new account hold, refusing to open accounts, closing accounts when needed