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Best practices for dealing with check fraud
December 4, 2024
Q. I'm looking for best practices and a detailed process for identifying, investigating and reporting on check fraud end to end. That is from the time fraud is suspected/identified, investigated, root cause attributed, to when the payment is re-issued.
What do most companies do to monitor and report on check fraud?
What is the trigger - Does a supplier email or call AP to say they haven't gotten their check? Or do they reach out to the requestor - the person ordered the goods or services?
Does…
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