Scams in Bank

Sr. No.| Topics| Page No.s| 1. | coin bank Scams| 03| 2. | Fraud by Insiders| 04| 3. | Fraud by Others| 06| 4. | lingo Computer Scams| 11| 5. | Bank Rules for Fraud Prevention| 14| 6. | Case Studies| 15| Bank Scams: Lapses in system make easy the job of offenders to tease banks * Scam is any dishonest act and behaviour by which one person gains or intends to gain advantage everywhere another person. * Fraud (Scam) causes loss to the victim directly or indirectly. Fraud has not been described or discussed clearly in The Indian Penal Code but sections dealing with cheating. * Concealment, forgery counterfeiting and breach of trust has been discusses which leads to the act of fraud. * In Contractual depot as described in the Indian Contract Act, dry 17 suggests that a fraud means and includes any of the acts by a ships company to a contract or with his connivance or by his agents with the intention to deceive another party or his agent or to induce him to enter in to a contract. * Banking Frauds constitute a considerable percentage of professional offences being probed by the police. Unlike ordinary thefts and robberies, the amount defalcate in these execrations runs into lakhs and crores of rupees.

* Bank fraud is a federal crime in many countries, defined as planning to throw property or money from any federally verify financial institution. It is sometimes considered a white collar crime. * The tot up of bank frauds in India is substantial. It in increasing with the passage of time. * totally the major operational areas in banking represent a superb opportunity for fraudsters with growing incidence being reported chthonic deposit, loan and inter-branch accounting transactions, including remittances. * Bank fraud is a commodious business in todays world. * With more educational qualifications, banking becoming impersonal and increase in banking sector look at gave rise to this white collar crime. In... If you want to get a full essay, order it on our website: Ordercustompaper.com

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