Cheque fraud is the use of a cheque to obtain financial advantage by:
- altering the cheque (payee/amount) without appropriate authority
- theft of legitimate cheques and subsequent alteration
- the use of false invoices to solicit legitimate cheques
- depositing a cheque into a third party account without authority
- Issuing a cheque when there are insufficient funds are in the account to cover the cheque.
Cheque fraud can be conducted by internal and external parties to your accounts.