If there's one thing bank compliance professionals can agree on, it's that the phrase “the checks in the mail” has aged like a paper check in a rainstorm (see what I did there), especially when it involves U.S. Treasury checks. While they used to be a near-gold standard in financial transactions, these government Check link issued checks have become Duplicate check juicy targets for fraudsters looking to make a quick, illegal buck. In this post, we're going to take a guided stroll through the world of Treasury check fraud - what it is, why it happens, how to detect it, and how to reduce institution’s exposure.
