1.2 Identity Theft

Detecting Red Flags - Identification

The Fair and Accurate Credit Transactions Act (FACTA) defines a red flag as "a pattern, practice, or specific activity...
Check Fraud Red Flags

See below for signs that may indicate an altered or fictitious check. Note: this is not an all inclusive...
Handling Red Flags Involving Documents or Personal Identifying Information

Red flags require the completion of an ID Verification Red Flag Discrepancy form and the transaction or account opening...
Completing and Sending the Red Flag Form

If you have identified one or more red flags, do the following: See Distinguishing between Clients and Fraudsters. Take...
Forged Checks

Note : Do not make any claims or statements to the client about recovery of funds. When a client...
Handling Identity Theft

Identity theft is the unlawful use of someone’s personal and/or financial information. When a client reports that his or...
Adding Fraud Alerts To An Account

When the client notifies the bank of a fraudulent transaction, place a fraud alert by doing the following: Verify...
Client Check Book is Lost or Stolen

If the client has lost his/her check book, and the client can provide specific check numbers, then do the...