False Statements in Bank Records are fraudulent activities that involve making false statements in a bank's records. False statements can take many forms and include activities such as overstating or understating assets, creating false records of transactions, forging signatures, and providing false information on loan applications. Types of False Statements in Bank Records include: • Overstating Assets: This is when a customer falsely inflates the amount of assets they have in their accounts in order to obtain a loan or other financial product. • Understating Assets: This is when a customer falsely reduces the amount of assets they have in their accounts in order to avoid paying taxes or other debts. • Forging Signatures: This is when a customer signs someone else’s name on a document or bank record in order to commit fraud. • False Information on Loan Applications: This is when a customer provides false information on a loan application in order to obtain a loan or other financial product.