UCC Obligations for Check Forgeries, Alterations & Counterfeit Checks - Recovery for Check Fraud

Description

Articles 3 and 4 of the Uniform Commercial Code (the UCC or the “Code”) outline specific responsibilities for customers and financial institutions when a third-party “fraudster” intercepts the check clearing process or manufactures one on behalf of the customer. This webinar will outline the UCC and discuss the legal obligations for different types of check fraud including altered, forged and counterfeit check fraud. This webinar will also focus on how financial institutions can recoup from check fraud.

Key Takeaways:

• Defining Uniform Commercial Code defined.
• Understanding financial institution’s responsibilities as the Bank of First Deposit and Payor Bank.
• Terms and Conditions regarding a financial institution's customer responsibilities.
• Understanding how a financial institution can recover from check fraud.

• BSA Officers and Support Teams
• Compliance Teams
• Deposit Operation Teams
• Electronic Banking Teams
• Fraud Management Teams
• Front-Line Teams (Customer/Member Service Representatives)
• In-House Counsel
• Internal Auditors
• Information Security Officers
• Risk Management
• Senior Management/Executive Management

Topics include:

• Fraud