Bank Fraud is the intentional use of fraudulent or illegal means to unlawfully take money, property or other assets from a financial institution. It includes activities such as false loan applications, check fraud, money laundering, identity theft, and embezzlement. Bank Fraud is a serious crime that can lead to financial losses and criminal penalties. Common types of Bank Fraud include: 1. Check Fraud: Writing checks with insufficient funds, making false statements on checks, and using stolen checks. 2. Mortgage Fraud: Falsifying income, employment, or other financial information to obtain a mortgage loan. 3. Identity Theft: Stealing a person’s identity to open accounts, make purchases, and access funds without the person’s knowledge. 4. Money Laundering: Taking illicit funds and transferring them through a series of transactions to make them appear legitimate. 5. Credit Card Fraud: Using stolen credit cards to make unauthorized purchases or taking out loans in someone else’s name. 6. ATM Fraud: Using skimming devices to steal a person’s bank information or using stolen cards to withdraw money from ATMs. 7. Insider Trading: Trading stocks based on insider knowledge or privileged information.