How to lessen fraudulent bank-to-bank transactions?
It is a racket working under closed guidelines. That impersonation exists in credible institution like banks is not a hidden fact. However, to think that collection of money under the garb of identity impersonation goes unchecked for long is preposterous. Especially, when there are too many clearances needed at specific stages. It points to the sad fact that certain bank employees may be on the plan to create muck.
Bank-to-bank transactions are generally transparent and have little space for fraudulence. Still, to lessen the chance further, it is necessary to ensure that employees take their leaves well. They shall not be allowed to work extensively overtime for long periods. While this may be a good feature of the employee, he may be using his longer stints in planning out certain frauds.
Another is to keep requesting customers for regular identification. This may seem to be harassment at the outset, but is for the welfare of one and all.
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