What is a bank fraud?

Banking fraud concerns the use of deliberate distortion in order to fraud money or other assets that the bank or similar institution holds. Banking fraud differs from a simple banking robbery or theft, because the perpetrator usually commits fraud in secret and hopes he will not notice until he has enough time to move. Usually it also requires some technical expertise. For reasons like this, bank fraud is one of the crimes referred to as white collars.

In most areas of the world, all types of banking fraud are illegal. One of the most important types of fraud is known as theft of identity where one person uses private identification data of another person to raise money, usually in the form of loans or loan. A little related to identity theft is an identity fraud where the loan is obtained by using a completely fictitious identity. While theft of identity and similar crimes receive great publicity, they are the only one ofLočina concerning banking fraud.

fraud involving controls is also quite common. Fittings of controls or signatures on them, as well as changes in the inspections that have already been written, are two ways to have a control fraud committed. In the latter, it can be as simple as adding a few pen blows to get a check for $ 100 (USD) for $ 1,000. Another common type of fraud is recording. It is any kind of fraud that uses the fact that funds can be drawn from the stored check before the money is actually removed from the account writer's account.

Check Fraud has a history if it is the history of the inspections. Over the years, the safety features have been incorporated into many types of checks, especially checks. These include unique watermarks, ink sensitive to heat and extremely printed inscriptions that cannot be easily recorded or counterfeited. The technology has placed mNoho obstacles in the way to those who would commit a bank fraud, but not all fraud can be completely prevented.

One kind of banking fraud, which is still difficult to detect or stop in time, is what the bank's employees have committed. In many cases, these acts are discovered only by a careful audit of the bank's accounting records, months along the road, until then it is too late to get lost resources. A complete description of many possible ways to commit bank fraud would be impossible, but it is enough to say that criminals have gone largely and used remarkable creativity in finding new and different ways to steal and cheat.