The process of transferring money from one bank account to another and improperly recording the transaction in both accounts is called

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The process described is known as "kiting," which is a type of check fraud where someone transfers funds between bank accounts and doesn't properly record the transaction in either account. This allows them to inflate their account balances temporarily and potentially withdraw more money than is actually available. Lapping is a similar type of fraud where someone delays recording a payment received in order to cover up an earlier theft, while embezzlement refers to theft or misappropriation of funds in general. "A scam" is too general and does not describe the specific type of fraud being discussed.

The Process of Transferring Money from One Bank Account to Another