Types of Remittance Scams and Fraud, it is advisable for all business owners to have these five precautionary measures in place to prevent fraud in their companies.What is Cash,Blood of a bank.Cash Deposit Voucher, Cash Payment

1. 1
Cash Remittance, Fraud
& Cautionary Measures

2. 2
What is Cash?
Cash is the most liquid asset.
Ready money.
Money in the form of notes
and coins, rather than cheques
or credit cards.

3. 3
What is Cash?
Called Life Blood of a bank.
Cash means the same as
money, especially money
which is immediately
available.

4. 4
Activities at a glance
To Receive Cash in Branch.
To Payment Cash To the Client.
Bring Cash from other Branch.
Excess Cash Send to other
Branch.
 To reserve sufficient Cash for
Daily Necessary

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Cash Deposit Voucher
Unique cash voucher for a Bank
Double Entry System
Signature & Contact No. of the
Depositor
To be provide scroll Number by
Bank

6. 6
Cash Deposit Voucher

7. 7
Cash Receive
To be scrolled the deposit slip by General
Section
To be delivered Cash to Casher to be return
the counter Part of the Pay- in slip
It must return by General section not by
cashier or Cash Department
To be tallied the cash figure in general side
and cash side at the End of the day

8. 8
Cash Receive
According Circular BCD/14 Dated 06/07/1988
Must be a scroll Book
Pay-in slip must be scrolled and signature by General
section Officer by Red ink pen
To be send to cash section
Cashier will not Received unscrolled Pay -in slip

9. 9
Cash Receive
Cashier will receive Cash carefully marked the figure
with Red ink in Pay-in slip with signature
To be send to general section for Released
To return counter of pay-in slip to Client.

10. 10
Cash Payment
Payment instrument----
For Every payment Token is must.
To be payment by Cheque
To be payment by Pay order
To be payment by Demand Draft
To be payment Foreign Remittance

11. 11
Cash Payment(Officers Functions)
The Cheque is in order
not crossing or account payee
date is written correctly, - undated, post dated , stale
cheque.

12. 12
Cash Payment(Officers Functions)
not cutting or overwriting
Token should be issue

13. 13
Cash Register
Cash Closing Formula:
Outstanding Cash must be match
with Physical cash in volt.
Vault should be closed properly.

14. Inter Branch Cash Remittance
14
 The inter branch transactions are
used to send a request from a bank
branch to the central cash depository,
for pickup or delivery of cash.

15. Inter Branch Cash Remittance
15
A branch can request delivery
of cash when it is having a
shortage of cash and request for
pickup of cash when it has
excess cash.

16. Fraud & Cautionary Measures
16
Skimming

17. Fraud & Cautionary Measures
17
 the act of stealing cash that has already been recorded in
the books of accounts during a specific period. This fraud is
perpetrated by an employee, without the consent or
knowledge of the employer.
Cash Larceny

18. Fraud & Cautionary Measures
18
 Larceny often occurs at the cash register, cash collection
point, or from deposits in transit.
Cash Larceny

19. Fraud & Cautionary Measures
19
 Scheme in which an employee makes a claim for
reimbursements fictitious or inflated business expenses. Such
as claiming personal travel, nonexistent meals, etc.
Reimbursements

20. Fraud & Cautionary Measures
20
 a person makes a claim for reimbursements fictitious or
inflated business expenses. Such as claiming personal travel,
nonexistent meals, etc.
Check Tampering

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