To curb attempted fraud, banks should:
A) Require greater vigilance by the management and st
B) Take particular care when the beneficiary is a thi
C) Ensure that details of all telephone deals which d
D) All of the above.

Question

Quizplus · Accepted Answer

All of the above options are important in order to curb attempted fraud. A bank should have greater vigilance by the management and staff, take particular care when the beneficiary is a third party, and ensure that details of all telephone deals which take place are recorded. Only then can the bank ensure that fraudulent activities are minimized.

To Curb Attempted Fraud, Banks Should