|
Risks
- Drawing of uncleared funds from banks, ATMs, EFTPOS
- Fraudulent representation of stolen cheques
- Fraudulent cashing of cheques
- Cheques not met on presentation
Causes
- Inadequate cheque clearance procedures
- Counterfeit bank cheques
- Cheques obtained from companies by persons disguised as
repairmen, contractors etc and new cheque books ordered from the
bank.
- Insufficient funds in account for presentation of cheque
Prevention Measures
Make sure that:
- Cheques payable to a third party are properly endorsed by the
payee
- Cheque endorsement is in order.
- There are no changes on the cheque
- The cheque has the correct date
- Figures match the writing
- Signature is okay.
- Contact the company by phone to confirm validity of the cheque
- Contact bank for special clearance of cheque
- Safeguard cheques
See Something, Hear Something, Say
Something!
Call Crime Stoppers
1800 333
Page Design © Ian Hunter.
|
