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Webinar: Wire Transfer Compliance

 

 

Wednesday, August 6, 2014

2:00 - 3:30 pm CST

 

Speaker: Ann Brode-Harner, Brode Consulting Services, Inc.

About the Program

Wire transfers are very high-risk in terms of fraud, money laundering, and other unlawful activities. Regardless of your institution’s size, compliance with wire transfer regulations is required. Examiners are scrutinizing policies, procedures, and forms to ensure the risk is ultimately mitigated.

This webinar will cover the regulatory requirements and how to identify and react to potential wire fraud attempts. Since policies and procedures are key to successfully handling compliance and risk, the webinar manual will be structured as a policy/procedure template so you can compare it to your existing policy and update as necessary.

HIGHLIGHTS

  • Sample policies/procedures will include:
    • Requirements on incoming and outgoing wires, both domestic and international
    • Bank Secrecy Act requirements for wires and recordkeeping
    • Identification and authentication requirements (including “call backs”)
    • OFAC screening
    • USA PATRIOT Act 314(a) requirements
  • Regulation J (Subpart B) regarding wire transfers
  • UCC-4A and wire transfers


Related Files
Printable Brochure (Adobe PDF File)

Related Links
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