The liability for check fraud losses continues to evolve as check fraud continues to explode. Almost every week there are new headlines about check fraud, and almost every report continues to list it as a core concern for financial institutions, and for companies that get hit repeatedly. Many individuals, companies, and financial institutions think they are protected, and yet are woefully ignorant about some of the most basic principles of the Uniform Commercial Code, Check 21, Holder In Due Course, Sight Review, and other laws governing banking and checking.
Beyond basic principles, even some top banking executives are seriously lacking in awareness of the deeper implications and liabilities facing their organizations because of multi-layered and overlapping laws and regulations.
Learn from a seasoned expert witness and “recovering banker” about the intricacies and overlapping liabilities that can ensnare supposedly robust fraud prevention programs.
- Attendees will learn what Sight Review is, why it’s important, and how to establish an effective Sight Review process.
- Attendees will learn little-known but extremely powerful elements of Check 21, Holder In Due Course, and the Uniform Commercial Code which intertwine to create liabilities that companies don’t know about until they are hit with a claim.
- Attendees will receive straightforward strategies to create the strongest defense possible against check fraud, including real-life fraud situations and how they could have been avoided.