RealNews

Web Site Tracking Fraud at Midwest Banks

Midwestern bankers and law enforcement officials have a new tool for tracking robbers, hackers, check kiters, and other financial criminals. An anti-crime Web site, www.fincrime.com, went live July 1. It was developed by banking associations in 10 states and law enforcement agencies and is being run by the Iowa Bankers Association. Participating banks that think they have been targeted are supposed to submit relevant information — including document images and even pictures from surveillance cameras. The site will alert law enforcement officials and other banks by e-mail and build a database. John Sorensen, the Iowa trade group’s president and chief executive officer, said rising crime prompted banks to consider ways of sharing information to stop serial criminals. “The incidence of fraud continues to grow year by year,” Mr. Sorensen said. Full Story

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