What type of fraud involves changing the amount of a check by manipulating its numbers?

Check alteration specifically refers to the unauthorized modification of the details on a check, particularly the amount, by changing the numbers or words written on it. This form of fraud emphasizes the physical manipulation of a check with the intent to unlawfully increase the amount payable, thereby deceiving the bank or financial institution that processes the check.

In this context, check alteration is recognized as a serious crime because it undermines the trust in the banking system and can result in significant financial losses for individuals and organizations. Recognizing this form of fraud is crucial for financial professionals, as it enables them to implement appropriate safeguards and verification procedures when processing checks.

The other types of fraud mentioned have different focuses. Check forgery involves creating a fake check or signing someone else's name without authorization. Document fraud generally refers to a broader range of fraudulent activities involving false or altered documents. Payment duplication entails submitting the same payment request multiple times, which is a different method of committing fraud. Each of these fraud types has unique characteristics and methods of committing the crime, distinguishing them from check alteration.