Check fraud is becoming increasingly complex and difficult to identify. Assessing visual, informational and behavioral clues can help identify red flags that, when combined, can clarify the risk of fraud.
These clues may surface when reviewing the situation holistically. This review may include the check, account and customer profile, transaction request and external resources.
The interactive assessments below will allow you to review scenarios with hypothetical information presented at different stages and then, to test your ability to identify check fraud using holistic contextual clues.
To get started, select one of the role-based scenarios below:
Explore the toolkit modules below for resources to help prevent and detect check fraud.
The check fraud mitigation toolkit was developed by the Federal Reserve to help educate the industry about check fraud and outline potential ways to help detect and mitigate this fraud type. Insights for this toolkit were provided through interviews with industry experts, publicly available research, and team member expertise. This toolkit is not intended to result in any regulatory or reporting requirements, imply any liabilities for fraud loss, or confer any legal status, legal definitions, or legal rights or responsibilities. While use of this toolkit throughout the industry is encouraged, utilization of the toolkit is voluntary at the discretion of each individual entity. Absent written consent, this toolkit may not be used in a manner that suggests the Federal Reserve endorses a third-party product or service.