Fraud Form Enclosed

In order to monitor check fraud more accurately, the ABA Check Fraud Task Force has recommended uniform classification of check fraud losses.

With their permission, we've included a copy of their recommendations as a separate page in this newsletter. If you're responsible for keeping track of these losses at your financial institution, you may want to set up your classifications the same way by type of transaction, type of check and type of fraudulent activity.

Copyright © 1997 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 7, No. 3, 2/97