• United States



Steps to Prevent Fraud

Oct 01, 20041 min

Quick guidance in safe check-handling and other fraud prevention techniques.

Steps to Prevent Fraud

  • Have financial statements mailed to home or a separate location.
  • Reconcile statements within 10 days of receiving them.
  • Secure check stock, check on it periodically.
  • Use the banking services Positive Pay or Reverse Positive Pay.
  • Conduct background checks on employees.
  • Trust, but verify.

Steps to Recover from Fraud

  • Alert banks, put a stop on any questionable transactions.
  • Begin a documented audit immediately.
  • Seek professional assistance from PIs and accounting investigators.
  • Do not fire suspects; try to keep in contact with them.
  • Change locks.