CU Webinar Webinars - Live

Wire Transfers: Establishing Strong Internal Controls

July 16 | 3:00 pm - 4:30 pm ET
Category:
CU Webinar Webinars - Live
Contact: Jordan Inkley at jinkley@mainecul.org

Funds transfer fraud causes millions of dollars in losses for businesses and financial institutions every year.

In 2023 alone, financial institutions filed over 400,000 suspicious activity reports regarding incidents of wire fraud and/or suspicious funds transfers. This informative program will explain the compliance requirements and the steps you can take to protect your institution and accountholders!
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
  • Detail requirements of both domestic and international wires, including:
    • Internal controls
    • System security
    • Identification and authentication
    • OFAC screening
  • Understand BSA requirements for wires and recordkeeping
  • Identify how Reg S, Reg E, Reg J Subpart B, and UCC-4A impact the wire process
  • Recognize common types of wire fraud and scams
  • Explain rules, notices, and error resolution procedures for international funds transfers

For more information, including pricing and registration, click here.