Unpacking E-SIGN Compliance for Loans & Deposit Accounts

Date:

Sep 17, 2024

Register

Live Webinar: 60 Minutes

Javelin, a national security research firm, says account takeover and new account fraud is growing. Account takeover fraud resulted in nearly $13 billion in losses in 2023 (up from $11 billion in 2022). New account fraud reached $5.3 billion (compared with $3.9 billion in 2022). Join us to learn how to ascertain an applicant’s true identity and comply with BSA, CIP, and E-SIGN.

Compliance with E-SIGN requirements for opening accounts online is one piece of the puzzle; knowing the “true identity” of the customer for BSA and CIP completes the process. It is critical that financial institutions use multilayered systems of fraud screening. Some methods include email-specific data, IP address, phone, and physical address information. This session will explain the intersection of E-SIGN security and fraud detection and provide valuable tips for educating consumers and identifying fraud.

Agenda

September 17th, 2024
Webinar begins - 11:00 AM EST

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Develop a robust risk mitigation strategy for online account opening
  • Use FinCEN guidance to detect and report fraud related to identity theft, elder financial abuse, and cyber-enabled crime
  • Explain and implement the E-SIGN consent process to open loan and deposit accounts online
  • Offer suggestions for consumer protection against identity theft and fraud
  • Understand the importance of information security procedures
Topics

TAKE-AWAY TOOLKIT:

  • Current exam procedures and many resources for online banking
  • E-SIGN checklist and answers to common questions
  • Suspicious Activity Report checklist for fraud related to online accounts
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits
Speaker(s)

Susan Costonis
COMPLIANCE TRAINING & CONSULTING FOR FINANCIAL INSTITUTIONS

Additional Information

WHO SHOULD ATTEND?

This informative session will be helpful to ensure compliance with e-banking and is targeted for compliance officers, risk managers, operations managers, business development managers, and others responsible for managing online banking, E-SIGN compliance, e-statements, and e-disclosures.

Fees

Live : $510.00
OnDemand: $510.00
Live + OnDemand: $750.00

Association Contact

AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380