Wire Transfer Compliance: Who is Liable?

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Member PriceNon-Member PriceDescription
$200.00 Live Webinar
$200.00 Archived Webinar + Free CD ROM
$250.00 BOTH Live Webinar and Archived Webinar + Free CD ROM
$169.00 For CUs Less Than $20M in Assets - Archived Webinar ONLY
   

Thursday, May 21, 2015

9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

There are huge risks in sending and receiving wire transfers, but your financial institution probably processes many on a daily basis without analyzing the associated risks. Wire transfers are one of the most frequent methods for fraud and unauthorized fund transfers. This webinar will explain the statutory and regulatory requirements imposed on your institution when handling wire transfers – and which party will be held liable for an error or a fraudulent wire transfer. In addition, it will address how to mitigate the associated risks through proper security procedures and how to shift certain risks to accountholders through carefully drafted wire transfer agreements.

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • How to identify the risks associated with wire transfers and accountholders using wire transfers
  • How to mitigate these risks
  • Your credit union’s responsibilities under UCC Article 4A and Federal Reserve Regulation J
  • Shifting certain risks to the accountholder

  • TAKE-AWAY TOOLKIT
    • Sample wire transfer agreement
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

WHO SHOULD ATTEND?

This informative session will be useful to wire transfer personnel, managers, tellers, service representatives, compliance staff, fraud investigators, and auditors.

PLEASE NOTE
Webinar content is subject to copyright and intended for your individual financial institution’s use only.

MEET THE PRESENTER

Elizabeth FastElizabeth Fast, JD, CPA
Spencer Fane Britt & Browne LLP

 
View Shopping CartView Registration Options and Pricing
Member PriceNon-Member PriceDescription
$200.00 Live Webinar
$200.00 Archived Webinar + Free CD ROM
$250.00 BOTH Live Webinar and Archived Webinar + Free CD ROM
$169.00 For CUs Less Than $20M in Assets - Archived Webinar ONLY