Wire Transfers: Establishing Strong Internal Controls

Date:

Jul 16, 2024

Register

Live Webinar: 90 Minutes

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!

.Wire transfers are unique transactions. This program will cover the regulatory requirements for both domestic and international wires, provide sample audit procedures, and address how to identify and respond to possible wire fraud attempts. In addition, it will identify vulnerabilities in systems and processes that can expose financial institutions to cyberattacks and increase liability. 

This session will also examine ways to strengthen policies, monitoring, procedures, and risk assessments. Participants will be provided with tools to support and enhance their wire transfer compliance program.

Agenda

July 16th, 2024
Webinar begins - 11:00 AM EST

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
Topics
  • Sample wire transfer policy
  • Sample wire audit procedures
  • Sample wire transfer request form
  • 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

Dawn Kincaid
BRODE CONSULTING SERVICES, INC.

Additional Information

WHO SHOULD ATTEND?
This informational session is designed for operations personnel, BSA officers, compliance officers, internal auditors, and anyone who handles wire transfers.

Fees

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

Association Contact

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