Anna Bligh, the CEO of ABA, agreed that a collaborative approach might just prevent scams before they start. “This is further progress in the war against the international criminal gangs orchestrating ...

Several international firms fell victim to the scam, including: Japan Long Tie (China), Aquaforest SP (Poland), Vincenzo Frecentese (Italy), and, Siam Canadian China Limited.

“The ABA reports that checks continue to be one of the most prevalent vehicles to commit fraud and scams, despite shrinking usage of checks as a valid payment vehicle,” said Joe Bernardo, who is in ...