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BERLIN (Reuters) – German prosecutors said on Tuesday they have opened a fraud investigation into a new type of check fraud practiced by a local branch of UBS UBSG.S that involves fake credit cards.

A branch of Swiss bank UBS is seen in Frankfurt, Germany, September 5, 2016. REUTERS/Kai Pfaffenbach

The new fraud, which UBS has said has been reported to police in two German cities, occurs when customers go to bank branches with fake credit cards and then convince staff to withdraw cash, prompting fees of several hundred euros.

“The criminal action is reported to the prosecutor’s office in Dresden in connection with the registration of an offence under German Criminal Code,” prosecutors in Dresden said in a statement.

UBS said it did not know the full details of the case, but did know that a branch of its Swiss bank in the central city of Ansbach had received a number of such complaints.

“We are currently assessing the issue with the customer and have engaged external experts to provide assistance,” a spokesman said.

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In 2011 the bank received 1,143 fraud reports, 1.3 percent of all fraudulent transactions. In 2015, there were 2,351 reports, or 0.8 percent of all transactions.

The bank has been widely criticized over its role in the manipulation of the Libor interest rate in London. In a report last week, U.K.’s financial watchdog said UBS was among five banks that colluded on Libor.

UBS is still pursuing compensation from the

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