Latest Security - Official Checks Topics

BSA - Is Savings Bond a Monetary Instrument?

05/18/2009

Husband and wife customers came in and purchased $10,000 in savings bonds. They used a $4,000 on us check and a $3,000 savings withdrawal and $3,000 in cash. Our bank completes Monetary Instrument Logs for Official Checks, Travelers Checks, and Cashier’s Checks that are purchased with cash between $3,000-$10,000. Would a Savings Bond qualify as a "Monetary Instrument"?

"Refusal to Pay" Fee?

08/21/2006

I know you can't "stop payment" on a cashier's check but you can "refuse to pay" if the remitter or payee asserts a claim in writing because the check is lost, destroyed or stolen? Can we charge the customer our Stop Payment Fee of $20.00 for this service or would we have to change our Schedule of Fees to include a "Refusal to Pay" fee before we could charge for this service?

OFAC Verification on Cashier's Checks?

01/16/2006

Is my institution required to perform OFAC verification on cashier's checks?

If It's a Bank Check, It's Gotta Be Good ... NOT!

07/01/2005

I had a call today from a reporter for a major U.S. newspaper. He wanted to know if there was nationwide activity on counterfeit official checks.

Counterfeit Cashier's Checks

02/01/2004

Your depositor comes in with a $6,000 Cashier's check drawn on an out-of-state bank. The check is payable to him.

Stopping Payment On A Cashier's Check

10/01/2002

Question: I heard you say during a training session that "...you cannot stop payment on a cashier's check." We stop payment on our official checks all the time, for many reasons.

Question & Asnwer

09/01/2002

Question: How do we put a stop payment on a cashier's check drawn on our bank?

Put Back The $3,000 Log!

05/01/2000

by Barbara E. Hurst

Alerts & Counterfeits Chart 1st - A

01/01/2000

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One Last Word On Y2K

10/01/1999

by Dana Turner

Vendor Guru Q&A - Security

Cyber Fraud Hits Record $16.6Bn: Fortify Your Defenses Now!

Proactive Protection: Readiness and Resources for Crisis Response

Deepfake Deception: The New Face of Financial Fraud

Bitcoin ATMs: The Rise, the Fall, the Risks

Staying ahead of check fraud during tax season

Weathering the Storm: Disaster-Proof Your Operations

Counterfeit Cards are Still in Play in the U.S. Banking Arena

Internal Intrusions: Safeguarding Against Employee Fraud and Data Theft

Keeping Up With the Fraudsters

Telephones in Vaults

Cyber Fraud Hits Record $16.6Bn: Fortify Your Defenses Now!

04/27/2025

The American Red Cross conducts its annual Sound the Alarm event between late April and mid-May to raise awareness of the importance of working smoke alarms in the home to save lives.

Proactive Protection: Readiness and Resources for Crisis Response

04/20/2025

On April 10, 2025, in the city of Louisville, KY, communities gathered for StoryFest - a celebration of resilience and healing through storytelling.

Deepfake Deception: The New Face of Financial Fraud

04/20/2025

As financial institutions accelerate their digital transformation, an increasingly sophisticated threat has taken on the new face of financial fraud: deepfake technology.

Bitcoin ATMs: The Rise, the Fall, the Risks

04/13/2025

The increased attention on cryptocurrency since President Trump returned to the White House is shining the spotlight on Bitcoin ATMs as part of the broader crypto ecosystem.

Staying ahead of check fraud during tax season

04/06/2025

How can IQA and IUA, combined with AI technologies, support fraud prevention?

Latest Security - Official Checks Topics

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