Cheque Fraud

If an account holder issues a cheque from a closed or inactive account, the cheque will bounce, but the individual may attempt to deceive the

In cases where cheques are processed electronically through cheque truncation systems, fraudsters may manipulate or forge electronic images to deceive the banking system.

Fraudsters may target businesses, manipulating business cheques for unauthorized transactions or exploiting weaknesses in the company’s internal controls.

Individuals may be coerced or deceived into signing blank cheques, which can be misused by the person receiving the cheque.

Fraudsters may alter the details on a legitimate cheque, such as changing the payee’s name, the amount, or the date, to benefit themselves.