9755f23d_Suspicious_Activity_Categories__ity__The_Reportable_Conditions
[Violation Category] d 18 U.S.C. Section 1344 - Bank Fraud 18 U.S.C. Section 656/657 - Embezzlement, Theft or Misapplication of Funds [Explanation/Description] A practice in which an individual with accounts at two or more financial institutions intentionally utilizes the delay in the check clearing process to write checks from one account to deposit into the second account, all the while knowing that the first account does not have collected funds. The subject continues this cycle, moving checks between accounts, to make it appear as if funds are available and using the balance in the accounts for expenditures.
Check Kiting
Understanding the Suspicious Activity Categories
Characterization of Suspicious Activity: The Reportable Conditions