BankerCollege

Wire transfers are a higher risk payment channel based on its credit-only, irrevocable and no structured return system.  Wires can be sent both domestically and internationally and most financial institutions offer consumers and businesses these services on a daily basis. 

This payments webinar will take attendees through effective risk management controls to ensure is embedded in a wire program including systems, training and monitoring, regulatory guidance, laws and rules that support the wire transfer system and those controls necessary to combat the increased external fraud threats that exists today. 

Topics covered:

• Regulatory guidance, expectations and laws of the wire transfer system
• OFAC expectations of an outgoing and incoming wire transfer (e.g. sender, receiver, etc.)
• Key controls of your wire transfer program
• External threats from traditional fraud, elder financial exploitation and disaster events fraud
• Tips for implementation, monitoring and reporting of the effectiveness of the wire transfer program

Who Should Attend?

• Branch Management
• Client facing teams
• Deposit Operations
• Fraud Management
• Information Security 
• Information Technology 
• BSA/AML Officers and Support Staff
• Customer Service Representatives/Tellers
• Call Centers
• Treasury Management
• Risk Management
• Compliance 
• Internal Audit
• Executive Management