What is cheque fraud?
Cheque fraud is a common form of financial crime, and can happen in many ways. There are 3 main types of cheque fraud: • counterfeiting: when cheques are not written or authorized by legitimate account holders • forgery: when stolen cheques are signed by someone other than the account holders • fraudulent/altered: when cheques are issued by account holders, and then intercepted and altered to change the beneficiary or amount.
