f i n a n c i a l m a n a g e m e n t S e r i e S
Protect Your Business from
Prevailing cheque Scams or fraud
are crossed ‘account payee’ cheques safe? not true! Be aware of the inherent risks in cheque
transactions—familiarise yourself with the law and practice of cheques and how scams and fraud
can happen. Protect yourself from financial loss and the hassle, inconvenience and lawsuits.
f i n a n c i a l m a n a g e m e n t S e r i e S
Protect Your Business
from Prevailing Cheque
Scams or Fraud
many businesses have suffered Objectives Methodology
losses as victims of cheque scams On completion of the course, participants lectures & discussions
should be able to:
and fraud. it is expected that as the • Be alert to cheque risks and scam/ fraud in
economy continues to downturn, their daily task of receiving and paying out
such fraudulent practices will be cheques Who Should Attend
• Adopt effective measures in cheque • Financial Accountant & Controller
even more prevalent. handling to avoid cheque fraud and • Finance Supervisor & Manager
scams and to circumvent such fraudulent
cheques are the most commonly • Entrepreneur, Businessman and Auditor
used instruments for payment. • Advise clients how to best write a cheque • Staff handling cheque receipts and
companies pay out and receive to ‘protect’ it in making payment bank-ins
• Be aware of duties, rights and liabilities
cheques daily. more often than of various parties to a cheque and how
not, businesses are not aware to strengthen their defence in event of a
of the inherent risks in cheque cheque fraud Facilitator
transactions. they are not familiar
William is the Principal consultant of a
with the law and practice of corporate training provider firm.
cheques and how scams and fraud Course Outline
1 Understand characteristics of a cheque as a He was a banker for 21 years, holding
can happen. needless to say, this negotiable instrument the post of assistant credit manager
is to their peril—not only in terms 2 examine the duties, rights and liabilities of
of the then lee Wah Bank (now UOB)
for several years. He then became the
of financial loss but also subject various parties
Vice President of the then Pacific Bank
them to hassle, inconvenience and (mainly in the credit and marketing
3 Know about cheque scams and fraud function) before leaving the bank to
lawsuits. techniques be involved in training. He was also
Bank negara malaysia has also • lone cheques
C the Branch manager of Pacific Bank for
S several of its branches.
introduced the cheque truncation A
• ltered cheques
and conversion System (ctcS) which William is a chartered accountant and
• tolen cheques
a fellow member of the association of
allow quicker clearance of cheques. S
• ignature forgery
chartered certified accountants (acca)
• ther techniques
With the introduction of this and holds a professional qualification of
4 Who is liable in such fraud? the institute of chartered Secretaries
system, cheque imageries are used and administrators (icSa) United
5 Preventive measures to avoid such cheque
and the procedures pose new risks scams and fraud Kingdom. He also completed the
to the cheque issuer. Businesses • ow to ‘protect’ your cheque?
H ‘advance Bank management’ programme
in asian institute of management,
need to be aware of this. it is often 6 Bank negara malaysia’s ctcS system of cheque
manila in 1995. He is also a member of
thought that as long as cheques are • hat are the risks to the cheque issuer and
W malaysian institute of accountants.
crossed ‘account payee’ there will preventive measures?
be no risk to the issuer. this is not 7 Power of crossings
• /C payee / Not Negotiable. What is
true. the purpose of each type of crossing?
What is the best protection?
8 When is a stopped payment instruction
9 How to strengthen your position of defence in
the event of cheque fraud/scam?
10 examine the right of action and defences in
wrongful dishonour of cheque by the bank
REGIStRAtION FORM | MPDC PROGRAMME PROtECt YOuR BuSINESS FROM PREVAILING
ChEQuE SCAMS OR FRAuD
ParticiPantS’ DetailS 22 april 2010, thursday
1. FULL NAME AS PER I/C (Dato’ / Datin / Dr / Mr / Mrs / Ms): Vegetarian meal
concorde Hotel Kuala lumpur
member | rm 400
DeSignatiOn: memBerSHiP nO. :
1 member firm’s Staff or Sponsored Staff 1 | rm 450
non-member | rm 500
2. FULL NAME AS PER I/C (Dato’ / Datin / Dr / Mr / Mrs / Ms): Vegetarian meal
REgISTRATION / ENqUIRy
Call : Shadia
tel : 03.2279 9200 ext 137
DeSignatiOn: memBerSHiP nO.1 : Fax : 03.2273 5167
Email : email@example.com
Add : malaysian institute of accountants
3. FULL NAME AS PER I/C (Dato’ / Datin / Dr / Mr / Mrs / Ms): Vegetarian meal Dewan akauntan
no. 2, Jalan tun Sambanthan 3
Brickfields, 50470 Kuala lumpur
DeSignatiOn: memBerSHiP nO.1 : termS & cOnDitiOnS
fee is payable to: MIA-MPDC.
fee includes course materials, lunch and 2 tea breaks per day.
OrganiSatiOn’S DetailS admittance will only be permitted upon receipt of full payment.
registration made by fax must be followed immediately by
CANCELLAtION / tRANSFER
Upon registering, participant(s) are considered successfully
inDUStrY: cOntact PerSOn: enrolled in the event. Should participant(s) decide to cancel/
transfer their enrollment, a cancellation/transfer fee will be levied.
Written cancellations/transfer notice received:
aDDreSS: • One (1) week before the event, a refund (less an administrative
charge of 20%) will be made.
• For no-show on the day of the event, no refund will be
You can substitute an alternate participant(s) if you wish to avoid
cancellation/transfer charges. Any difference in fee charges will be
Cancelled/transfered unpaid registrations will also be liable for full
tel: faX: payment of the registration fee.
SPONSORED StAFF 1
Sponsoring member is required to indicate his/her name,
designation and membership number in the registration form.
The sponsored staff must report directly to him/her in his/her
firm or company, but for the latter, not in a subsidiary or related
company. in the absence of written information on sponsoring,
no refunds will be applicable after confirmation of acceptance of
registration. terms and conditions apply.
all participants will be presented with a certificate of attendance
upon successful completion of the programme.
SignatUre & cOmPanY StamP for mia members, the cPe hours will be credited into the
membership System within 2 weeks of the programme.
PaYment DetailS malaysian institute of accountants (mia) reserve the right to
PaYment BY cHeqUe change the speaker(s), date(s) and to cancel the programme
should circumstances beyond its control arises. mia also reserve
BanK & cHeqUe nO.: amOUnt (rm): the right to make alternative arrangements without prior notice
should it be necessary to do so.
Upon signing the registration form, you are deemed to have read
PaYment BY creDit carD and accepted the terms and conditions.
ViSa maSter (tick whichever applicable) carD eXPirY Date: Other financial management Programmes:
• Building Financial Models for Decision Making
• Effective Stock Take Techniques
carDHOlDer name: • Financial Decision Making for Non-Finance Managers
• Fundamentals of Budgeting and Cash Flow Forecasting
• Sukuk : Understanding the Principles & Practical Approach
• Entrepreneurial Approach to Credit Management & Debt
i aUtHOriSe PaYment Of rm:
EMAIL thIS ONLINE
BROChuRE AND PRINt ONLY
Date: SignatUre: WhEN NECESSARY