FRAUDULENT CHEQUES - U.S. BANK (2021-06-15)

Summary

This is a public warning notice issued by the Bermuda Monetary Authority alerting the public to fraudulent cheques circulating in the United States that falsely appear to be drawn on a US bank account operated by the Authority. The Authority clarifies that it does not operate any chequing accounts in the United States, and it is not a rule change or licensing action.

• Nature of fraud: Fraudulent cheques created in the US falsely appear to be issued from a US bank account operated by the Authority.
• Authority's clarification: The Authority confirms it does not operate any chequing accounts within the United States.
• Recommended action: Anyone who finds such a cheque is advised to report it to local police along with a copy of the warning notice.