Suspicious Activity Report news and trends

Report: Banks Shutting Customer Accounts Over Fraud

November 05, 2023
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Report: Banks Shutting Customer Accounts Over Fraud

November 05, 2023
In the banking world, it’s a practice known as “exiting” or “de-risking.” It’s what happens when a bank closes a customer account after flagging suspicious activity to crack down on fraud and other crimes. And according to a Sunday (Nov. 5) New York Times (NYT) report, it’s led to an increasing number of consumers and […]