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Course/Product Description
Title:

Wire Transfer Compliance

SKU:WC-1040122
Date / Time: Recorded
Format: Webcast
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Description:

Wire Transfer Compliance
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.

  • 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
Bonus

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

Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in On-Demand version, as shown in the pricing options below.
About Webcasts / Audio Conferences / Podcasts:Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Since 1983, Total Training Solutions - aka BankWebinars.com - has produced dozens of bank training webinars, videotapes, CD-Roms, DVD's, and web-based training modules.

We offer over 100 webinars each year in live, recordeded, or on-demand formats.

We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions, and are alert to changes which affect the industry.

Webinar Descriptions, BankWebinars.com:

Live Session:
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the on-demand recording, at no additional cost, for seven days following the event. This will allow a flexible alternative when last minute conflicts intrude on scheduled events.

Recorded CD:
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive six months access to the on-demand weblink as an added free bonus.

On Demand:
Includes a weblink for unlimited viewing for six months after the date of the webinar as well as a link to handouts.

Live + Recorded:
Includes all three options above. Live Session, On-Demand Weblink, and CD-Rom plus hardcopy handouts.

Live + On-Demand:
Includes two of the options above. Live session and six months access to On-Demand weblink plus link to handouts.
More Info: Contact Us For More Information
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