Question

Which type of bank fraud requires FREEZING OF BANK ACCOUNT to stop further loss of money as blocking of card is not going to serve the purpose.​

Answer 1

Answer:

Akka why are you asking this type of questions you have to ask to your friend or in bank

Answer 2

Answer:

The correct answer of this question is money laundering, terrorist financing, or writing bad checks.

Explanation:

Given - Bank fraud requires FREEZING OF BANK ACCOUNT to stop further loss of money as blocking of card is not going to serve the purpose.

Banks may be freeze bank accounts and they suspect illegal activity such as a money laundering, terrorist financing, and writing bad checks. Creditors can seek judgment against you which can be lead a bank to freeze your account. The government can request to account freeze for any unpaid taxes or student loans.