Agenda

Aug 6, 2026
3:00 pm - 4:00 pm EST

Even institutions that process only a limited number of remittance transfers could find themselves subject to new tax collection and reporting obligations under the IRS Remittance Transfer Tax, which is a 1% federal tax on certain outbound international money transfers initiated after December 31, 2025. Importantly, financial institutions cannot rely on the traditional Regulation E remittance transfer annual exemption to avoid compliance responsibilities for covered transfers.

The IRS has issued proposed regulations implementing the new excise tax on certain remittance transfers under Section 4475 of the Internal Revenue Code, enacted through the One, Big, Beautiful Bill Act (OBBBA). While the tax is imposed on the sender, the remittance transfer provider becomes liable for the tax if it is not properly collected at the time of the transfer. As a result, even institutions with relatively low remittance transfer volumes may need to establish new operational processes, tax collection procedures, recordkeeping practices, and reporting controls.

Join us for a timely webinar designed to break down the proposed IRS rule and provide practical guidance on what your institution should be doing now to prepare. We will discuss key compliance requirements, implementation challenges, operational considerations, and upcoming deadlines including the expiration of penalty relief for remittance transfer providers that fail to deposit the correct amount of remittance transfer tax after September 30, 2026.

Topics

KEY WEBINAR TAKEAWAYS:

• Remittance transfers subject to the new 1% excise tax
• Why Regulation E’s 500 remittance transfer safe harbor threshold is not applicable for tax collection responsibilities
• Which payment methods trigger the collection of the excise tax
• Collection, deposit, and reporting requirements for remittance transfer providers

Speaker(s)

Molly Stull
Brode Consulting Services, Inc.

Molly launched her banking career as a teller while earning her undergraduate degree—an unexpected start that sparked a lifelong journey in the financial industry. Over the years, she’s held leadership roles, guided de novo institutions from inception, and helped organizations navigate enforcement actions. Since 2015, Molly has energized banks, credit unions, associations, and state leagues nationwide with dynamic training sessions. She also provides regulatory compliance reviews and BSA/AML audits with a practical, solutions-focused approach. Molly believes that when employees understand the “why” behind processes, they execute with precision and purpose. She holds a bachelor’s degree from the University of Akron and an MBA from Ashland University.

Fees

Live Webinar - $279

• Unlimited connections for your institution
• Available on desktop, mobile & tablet
• Take-away toolkit
• Presenter’s contact info for questions

On-Demand Webinar - $279

• Unlimited & shareable access starting two business days after live stream
• Available on desktop, mobile & tablet devices 24/7
• Take-away toolkit
• Ability to download webinar video
• Presenter's contact info for questions

Live + On-Demand - $379

Get the best of both and save when you Bundle the Live & On-Demand Webinar registration! This option includes all the items listed above.

**100% surcharge applied to non-members.

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