Loading...

Fraudulent Cashier’s Checks: Best Practices for Avoiding Losses

Learn about the unique risk cashier’s checks pose to financial institutions and the best practices for limiting losses when processing these transactions.

Upcoming
Wednesday, March 19th, 2025
1:30 pm - 3:30 pm
Presented by Terri Thomas
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • Collections
  • Commercial/Business Lending
  • Compliance
  • Customer Service
  • Deposit
  • Deposit Compliance
  • Fraud
  • Lending
  • Lending Compliance
  • Risk Management/Legal
  • Teller
  • Bank Legal Counsel
  • Branch Manager
  • Commercial Lender
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Deposit Operations Manager/Specialist
  • Loan Closer
  • Loan Operations Manager/Specialist
  • New Accounts Representative
  • Risk Manager
  • Security Officer
  • Senior Management
  • Teller
  • Training Manager
  • Trainer

Save on annual training costs with our Webinar Subscription Service and share webinars across your entire organization.

Become a subscriber

Learn about upcoming events, webinars and discounts.

Sign Up For Email Notifications

According to FinCEN in 2023, the financial industry saw a 23% increase in SAR filings related to check fraud over 2022’s numbers. Counterfeit and altered cashier’s checks were behind many of these frauds. Learn why cashier’s checks pose a unique and significant risk to institutions and the best practices for limiting losses on these items.

What You'll Learn

  • The unique dilemma cashier’s checks pose to institutions
  • 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

Who Should Attend

Tellers, teller supervisors, customer service representatives, new accounts personnel, branch managers, security officers, fraud investigators, fraud examiners, and institution attorneys will benefit from this webinar.

Terri Thomas

Instructor Bio

Terri D. Thomas, JD is the Director of the Kansas Bankers Association Legal Department, which specializes in providing compliance and legal assistance to Kansas banks.

Terri has worked with financial institutions for over thirty-nine years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. She has also served as a trust department manager and branch manager.

Receiving her Bachelor of Arts degree from Kansas State University in 1985, Terri continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988. She has served as an Adjunct Professor at Washburn University School of Law in Topeka, Kansas and the University of Kansas School of Law in Lawrence, Kansas, and is a frequent seminar presenter for financial associations in the Midwest.

Print this page