Understanding Your Legal Obligations Under Uniform Commercial Code (UCC) For Check Forgeries, Alterations, and Counterfeit Checks

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.

Topics include:

• Uniform Commercial Code defined.
• Financial institution’s responsibilities as the Bank of First Deposit and Payor Bank.
• Terms and Conditions regarding a financial institutions customer responsibilities.

• Risk Management
• BSA Officers
• Fraud Teams
• Client Facing Teams
• Deposit Operations/Electronic Banking
• Compliance Officers
• Internal Audit
• Senior/Executive Management

Topics include:

• Fraud