The SAR Activity Review Issue 12 - FinCEN

A legitimate check that is altered or forged by hand or through the use of a
computer or electronic/digital device that is compromised or scanned into a
computer. The payee’s name, dollar amount, check serial number, and date are
changed though other data (including the authorized signature) remain as they
appear on the original check. The counterfeit check is purported to be genuine
and negotiated.
h Counterfeit Check 18 U.S.C. Section 1344
- Bank Fraud
A person who knowingly commits fraud by producing, using, or selling one
or more counterfeit credit or debit cards. A counterfeit or fake card is created
through technology to emboss stolen or fictitious card numbers, along with
hologram and card issuer images, and magnetic stripes on white plastic. The
cards are used for fraudulent purchases or sold to other criminals for their use.
I Counterfeit Credit/Debit Card 18 U.S.C. Section 1029
- Fraud and Related
Activity in Connection
with Access Device
18 U.S.C. Section 1344
- Bank Fraud
The manufacture, copy, reproduction, or forgery of an instrument with the intent
to defraud a financial institution. Instruments could include notes, checks,
securities, bonds, certificates and other negotiable financial instruments.
j Counterfeit Instrument 18 U.S.C. Section 1344
- Bank Fraud
The intentional procurement of goods, services or money, without the
authorization of thE;! cardholder, credit card member or its agent, by using
a stolen, lost, or cancelled credit card. May include Illegal purchases made in
person, via the Internet or telephone, or through cash advances.
k Credit Card Fraud 18 U.S.C. Section 1344’
- Bank Fraud
The unauthorized use of a stolen, lost, or cancelled debit card for payment of
goods or to acquire services or money. Debit cards are used in place of checks or
cash and usually are tied to a checking account. Fraudulent use of the debit card
depletes available funds in that account causing a loss to the bank customer or to
the bank.
I Debit Card Fraud 18 U.S.C. Section 1344
- Bank Fraud
A person who, for unauthorized personal use, embezzles, abstracts, purloins or
willfully misapplies any of the moneys, funds or credits of a bank, branch, agency
or organization or holding company or any moneys, funds, assets or, securities
entrusted to the custody or care of such bank, branch, agency, organization, or
holding company.
m Defalcation/Embezzlement 18 U.S.C. Section 656/657
- Theft, Embezzlement, or
misapplication of funds