Fraud Alert: Check Scams

Fraud Alert: Check Scams

Counterfeit checks are being used in a growing number of fraud cases across the GCC. In fact, globally check fraud can be a leading challenge for both individuals and businesses, including financial institutions. Advancing digital technology, in conjunction with the darker side of the internet, has made it easier to get hold of check stock (the paper checks are written on), MICR printers (which are used to write check and account numbers in magnetic ink on the check footer, and a signature (which can be scanned from a wide number of legal, as well as illicit, sources.


Related content


In this update :

  • How the fraud works
  • Which companies are most vulnerable?
  • How you can protect yourself and your business

Download the full report 

© 2021 KPMG Lower Gulf Limited, KPMG LLP and KPMG LLC, licensed in the United Arab Emirates and the Sultanate of Oman, and member firms of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

For more detail about the structure of the KPMG global organization please visit

Connect with us


Want to do business with KPMG?


loading image Request for proposal