Check Fraud Crimes Declining, But Debit Card Crimes on the Rise

During a year that saw a record rise in financial crime reports, one scam that has plagued banks and consumers for decades is fading away: check fraud. Reports of suspected counterfeiting, check fraud, and check kiting were among the financial crimes that saw declines during 2011, dropping 7.5 percent from 2010. The drop in check fraud came as the Financial Crime Enforcement Network (FinCEN) had a record number of suspicious activity reports (SARs) in 2011 throughout the financial...Full Story
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