Banking Exam Question - What is Banking Fraudulent & Crime? What is Money Laundering? Explain it's Sources

Introduction - Banking Fraud & Crime
Bank fraud is the utilization of possibly illicit intends to get cash, resources, or other property claimed or held by a budgetary organization, or to acquire cash from contributors by falsely acting like a bank or other money related establishment. In many examples, bank extortion is a criminal offense. 

While the particular components of specific keeping money misrepresentation laws differ contingent upon purviews, the term bank extortion applies to activities that utilize a plan or ingenuity, rather than bank burglary or robbery. Therefore, bank misrepresentation is in some cases considered a clerical wrongdoing.

Types of bank fraud

• Stolen checks
• Cheque kiting
• Forgery and altered cheques
• Accounting fraud
• Uninsured deposits
• Demand draft fraud
• Rogue traders
• Fraudulent loans
• Fraudulent loan applications
• Forged or fraudulent documents
• Wire transfer fraud