Wire Transfer Compliance Webinar

Funds transfer fraud causes millions of dollars in losses for businesses. Last year, financial institutions filed over 248,000 Suspicious Activity Reports on incidents of wire fraud and/or suspicious funds transfers. Cyber attackers continue to grow more sophisticated with their schemes and attempts and have increased even more during the recent pandemic. Recent successful cyberattacks on international wire transfers have raised the bar on examiners’ expectations for your security system and risk monitoring of international and domestic wire transfers. Are you prepared?

Wire transfers are unique transactions. In this session we will cover the regulatory requirements for both domestic and international wires, provide sample audit procedures and discuss how to identify and react to possible wire fraud attempts. In addition, we will identify vulnerabilities in systems and processes that can expose financial institutions to cyberattacks and increase liability. We will also examine ways to strengthen policies, monitoring, procedures, and risk assessments. You will be provided with tools to support and enhance your wire compliance program.

The “Wire Transfer Compliance” webinar has been approved for 1 CAMS credit. Credits are redeemable for Live attendance only. Users must connect to the streaming individually and enter their name and email for reporting purposes. Accreditation is valid for one year from the date of the event.

Program Highlights

  • Detailed discussion of requirements of both domestic and international wires, including:
    • Internal Controls
    • System security
    • Bank Secrecy Act requirements for wires and recordkeeping
    • Identification and authentication requirements
    • OFAC screening rules
  • What, Reg S, Reg E, Reg J Subpart B and UCC-4A have to say about wire transfers
  • Review of common types of wire fraud and scams
  • International Funds Transfers: rules, notices and error resolution procedures
  • Discussion of risk management practices and controls over information technology (IT) and wholesale payment systems networks, including authentication, authorization, fraud detection, and response management systems and processes

*Tools to be provided to support and enhance your wire compliance program

Who Should Attend?

This jam-packed session is designed for BSA Officers, Compliance Officers, internal auditors and any employee who handles wire transfers.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

View Delivery Options

Related Topics

Instructor

Dawn Kincaid
Dawn Kincaid

Dawn Kincaid began her banking career while attending The Ohio State University. She has 19 years’ experience in client service, operations, information technology, administrative and board relation... read more.

Course Title Credits Start Date Start Time Delivery Type Delivery Option Instructor / Location Price
Wire Transfer Compliance 0.25 03/16/2022 11:00am Webinar Live Webinar Dawn Kincaid $265.00 Register Now
Wire Transfer Compliance 0.25 03/16/2022 Any Webinar Live, On-Demand, CD-ROM Dawn Kincaid $395.00 Register Now
Wire Transfer Compliance 0.25 03/16/2022 Any Webinar CD-ROM Video Recording Dawn Kincaid $345.00 Register Now
Wire Transfer Compliance 0.25 03/16/2022 Any Webinar Live and On-Demand Dawn Kincaid $365.00 Register Now
Wire Transfer Compliance 0.25 03/16/2022 Any Webinar Six Month On-Demand Recording Dawn Kincaid $295.00 Register Now
Delivery Options

LIVE WEBINAR:
INCLUDES 7 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

Powered by
0
    0
    Your Cart
    Your cart is emptyCourses and Events