Mar 20, 2024
Learn about the unique risk cashier's checks pose to banks and the best practices for limiting losses when processing these transactions
According to FinCEN in 2022, the banking industry saw an 84% increase in check fraud totaling in excess of $34.4 billion. Counterfeit and altered cashier's checks were behind many of these frauds. Learn why cashier's checks pose a significant risk to banks and the best practices for limiting losses on these items.
Wednesday March 20th, 2024
11:00 am -1:00 pm EST
What You'll Learn
The unique dilemma cashier's checks pose to banks
The factors that create a ""Holder in Due Course"" and why this status is important to cashier's checks
Why stop payments are virtually impossible to place on cashier's checks
When and how to use a Declaration of Loss affidavit
The difference between counterfeit and altered cashier's checks and why it matters
Tips for processing cashier's checks in order to avoid losses
Who Should Attend
Tellers, Teller Supervisors, Customer Service Representatives, New Accounts Personnel, Branch Managers, Security Officers, Fraud Investigators, Fraud Examiners, and Bank Attorneys will benefit from this webinar.
Terri D. Thomas, JD is the Director of the Kansas Bankers Association Legal Department, which specializes in providing compliance and legal assistance to Kansas banks.
Terri has worked with financial institutions for over thirty-nine years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. She has also served as a trust department manager and branch manager.
Receiving her Bachelor of Arts degree from Kansas State University in 1985, Terri continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988. She has served as an Adjunct Professor at Washburn University School of Law in Topeka, Kansas and the University of Kansas School of Law in Lawrence, Kansas, and is a frequent seminar presenter for financial associations in the Midwest.
Available Upgrades
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380