According to FinCEN in 2022, the banking industry saw an 84% increase in check fraud totaling in excess of $34.4 billion. Counterfeit and altered cashier's checks were behind many of these frauds. Learn why cashier's checks pose a significant risk to banks and the best practices for limiting losses on these items.What You'll Learn:

• The unique dilemma cashier's checks pose to banks
  
• The factors that create a ""Holder in Due Course"" and why this status is important to cashier's checks
  
• Why stop payments are virtually impossible to place on cashier's checks
  
• When and how to use a Declaration of Loss affidavit
  
• The difference between counterfeit and altered cashier's checks and why it matters
  
• Tips for processing cashier's checks in order to avoid losses