Wire Transfer Compliance: Domestic & International

Wire Transfer Compliance: Domestic & International 

Thursday, June 17, 2021 
3:00 pm – 4:30 pm Eastern

Recent successful cyberattacks on international wire transfers have raised the bar on examiners’ expectations for security systems and risk monitoring of international and domestic wire transfers.  Are you prepared?

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Detail requirements of both domestic and international wires, including internal controls, system security, identification and authentication requirements, and OFAC screening rules
  • Understand proposed changes to BSA requirements for wires and recordkeeping
  • Identify how Reg S, Reg E, Reg J Subpart B, and UCC-4A impact the wire process
  • Offer insight on common types of wire fraud and scams
  • Explain rules, notices, and error resolution procedures for international funds transfers
  • Discuss risk management practices and controls over IT and wholesale payment systems networks, including authentication, authorization, fraud detection, and response management systems and processes

WEBINAR DETAILS 

Funds transfer fraud causes millions of dollars in losses for businesses.  Last year, financial institutions filed over 248,000 SARs on incidents of wire fraud and/or suspicious funds transfers.  As cyber attackers grow more sophisticated, their schemes and attempts have escalated further during the pandemic.  Examiner scrutiny has increased in response.

Wire transfers are unique transactions.  This session will cover the regulatory requirements for both domestic and international wires, provide sample audit procedures, and address how to identify and react to possible wire fraud attempts.  It will also identify system and process vulnerabilities that can expose financial institutions to cyberattacks and increased liability.  Join us for an examination of ways to strengthen policies, monitoring, procedures, and risk assessments.  Tools to support and enhance your wire compliance program will be provided.

WHO SHOULD ATTEND? 

This jam-packed session is designed for BSA officers, compliance officers, internal auditors, and staff who handle wire transfers.

TAKE-AWAY TOOLKIT

  • Sample wire transfer policy
  • Sample wire logs
  • Wire transfer audit procedures
  • Sample wire transfer request form
  • Employee training log 
  • Interactive quiz

SPEAKER

Dawn Kincaid
Brode Consulting Services, Inc. 

Dawn Kincaid began her banking career while attending The Ohio State University.  She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance.  Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services.  Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer.  She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by Financial Education & Development

If you are having issues with registering online, please contact CBAO's Education,Training & Special Events Coordinator, Patti Webb, (614) 610-1877.

Registration Options (Member/Non-Member Pricing)
Live Webinar ($345/$490) – The live webinar option allows you to have one internet connection from a single computer terminal. You may have as many people as you like listen and watch from your office computer. Registrants receive a website address and passcode that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com.

Recorded Webinar + Free Digital Download ($265/$400)– Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 6 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.

Additional Live Webinar Connections ($175/$260)  – Registering another banker from a different location

Both Live Webinar & Recorded webinar + Free Digital Download ($395/$600)– Includes Live Webinar and Recorded Webinar options above.

When
6/17/2021

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