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Financial Crimes, Including Bank and Mortgage Fraud

Three federal criminal statutes govern offenses by or against a financial institution; the Bank Fraud Statute, which targets fraud against financial institutions; the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, which regulates the fraudulent management of financial institutions, and the Bank Secrecy Act, which prohibits deceptive financial transactions.

Common financial institution fraud offenses include check-kiting, check forging, false statements and nondisclosures on loan applications, stolen checks, credit card fraud, stolen checks, mortgage fraud, and causing a financial institution to fail to make or file a currency transaction report.