Certified fraud examiner Ransford Nana Addo Junior is advising bank customers and business owners to verify their accounts regularly. He stated that this practice is crucial in preventing fraud.
Addo Junior explained that delays in checking deposits give criminals opportunities. Cash suppression fraud involves hiding money or transactions, making them harder to detect.
He emphasized that consistent account reconciliation helps identify discrepancies quickly. This proactive approach is key to safeguarding funds from fraudulent activities.