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PPP Fraud Detection Checklist: Key Due Diligence Elements to Review to Detect PPP Fraud

Economic relief payments are often subject to fraud, and the Paycheck Protection Program (PPP) is no exception. More than $4 billion in PPP loans have already been flagged for fraud, and that number is likely to increase. Extensive due diligence is critical to prevent risk exposure and possible financial loss to the financial institution.

Download this checklist for:

  • Customer due diligence elements to review
  • Key enhanced due diligence items to review
  • Additional information on reporting suspected fraud and identifying COVID-19-related fraud

Looking for Banker’s Toolbox? You are in the Right Place!

Banker’s Toolbox is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to Banker’s Toolbox Community Online.

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Looking for MainStreet Technologies? You are in the Right Place!

MainStreet Technologies is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the contact us button here, or the link in the top navigation, to reach product support for your MST products.

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Looking for Sageworks? You are in the Right Place!

Sageworks is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to your Sageworks products.

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Looking for Farin? You are in the Right Place!

Farin is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to your Farin client portal.

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Abrigo acquires construction loan management solutions

Coupled with our lending suite, Construct and +Pay from BankLabs enable end-to-end automated residential/commercial construction loans.

Read the press announcement

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