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The Loss Avoidance Alert System™ provides a network for timely information on bank security and potential losses to financial institutions from:
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Con Artists
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Counterfeiters
- Forgers
- ID Theft
- Kiting
- Nigerian Schemes
- Money Laundering
- Other Criminal Financial Activity
The Loss Avoidance Alert System™ employs email transmissions to send notification of alerts available on the secure web site of illegal activities, providing a valuable exchange of information.
System Features 
Searchable Alert Database Online
The Loss Avoidance Alert System™ has been developed to create a single repository of fraudulent activity for financial institutions and law enforcement agencies. The system is a database of incidents, suspects, and reports of frauds. Since the incidents are maintained in a database, the members can search all the reports based on specific fields or types of fraud. The system also allows the users the ability to request alerts for specific types of frauds, such as counterfeit checks, and can limit these to those occurring within specific regions of the country. Recent reports that match the user's alert preferences are displayed on the main login page for easy access.
Alert Communications
The Loss Avoidance Alert System™ employs email transmissions to send notification of alerts available on the secure web site of illegal activities, providing a valuable exchange of information.
Robbery Photo Gallery
The system provides access to a secure web site of known robberies and wanted bank robbers in various states.
Fraudster Photo Gallery
This secure online resource provides a gallery and information regarding known fraudster suspects and criminals in various states.
Alert Archives
The Loss Avoidance Alert System™ has been in existence since 1989. The archived reports are in Word and/or PDF (Adobe file formats). Alerts received prior to February 2, 2004 are available at the Alert Archive site.
Crime Prevention Resources
The Loss Avoidance Alert System™ provides an extensive library of crime prevention tools, links and resources. Selection of a link will open a new browser window and take you to a secure site to obtain valuable information.
LAAS System Benefits
Loss Avoidance Alert System™ benefits include:
As of 03-31-05 Loss Avoidance Alert System™ has over 1400 participants in 17 states, this includes over 240 law enforcement participants and over 600 financial institutions.
The average number of alerts that are distributed daily is 6 which equates to approximately 360 alerts from January 2, 2005 to March 31, 2005. These alerts cover a wide range of topics: counterfeit cashier’s checks, currency, driver’s licenses, postal money orders; lottery schemes; embezzlement; identity theft; kiting and deposit alerts; forgeries; stolen/lost official checks; new or closed account fraud; ACH fraud; telemarketing schemes; money laundering; robberies and other financial crimes.
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How do I join? Click HERE for a new registration and complete the enrollment form. (Instructions are on the site.)
Already a Member? Click HERE to go to the log in page.
If you have any questions...
Call Kerry Hall at
512.474.6889
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