BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 13.3//EN BEGIN:VTIMEZONE TZID:Central Standard Time BEGIN:STANDARD DTSTART:20231102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Central Standard Time TZOFFSETFROM:-0500 TZOFFSETTO:-0600 END:STANDARD BEGIN:DAYLIGHT DTSTART:20230301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Central Daylight Time TZOFFSETFROM:-0600 TZOFFSETTO:-0500 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION:Recent successful cyberattacks on international wire transfers have raised\nthe bar on examiners&rsquo\; expectations for security system s and risk monitoring\nof international and domestic wire transfers. Are y ou prepared?\n\nLearning Objectives\n\n Detail requirements of both dom estic and international wires\, including internal\n controls\, system security\, identification and authentication requirements\, and OFAC\n screening rules\n \n Understand proposed changes to BSA requirements for wires and recordkeeping\n Identify how Reg S\, Reg E\, Reg J Subpa rt B\, and UCC-4A impact the wire process\n Offer insight on common typ es of wire fraud and scams\n \n Explain rules\, notices\, and error resolution procedures for international funds\n transfers\n \n Di scuss risk management practices and controls over IT and wholesale payment \n systems networks\, including authentication\, authorization\, fraud detection\, and\n response management systems and processes\n \n\nFu nds transfer fraud causes millions of dollars in losses for businesses. La st year\, financial\ninstitutions filed over 248\,000 SARs on incidents of wire fraud and/or suspicious funds\ntransfers. As cyber attackers grow mo re sophisticated\, their schemes and attempts have\nescalated further duri ng the pandemic. Examiner scrutiny has increased in response.\n\nWire tran sfers are unique transactions. This session will cover the regulatory\nreq uirements for both domestic and international wires\, provide sample audit procedures\,\nand address how to identify and react to possible wire frau d attempts. It will also identify\nsystem and process vulnerabilities that can expose financial institutions to cyberattacks\nand increased liabilit y. Join us for an examination of ways to strengthen policies\,\nmonitoring \, procedures\, and risk assessments. Tools to support and enhance your wi re\ncompliance program will be provided. DTEND:20210616T203000Z DTSTAMP:20240329T065348Z DTSTART:20210616T190000Z LOCATION: SEQUENCE:0 SUMMARY:Wire Transfer Compliance: Domestic & International UID:RFCALITEM638472740286272053 X-ALT-DESC;FMTTYPE=text/html:
Recent successful cyberattacks on internati onal wire transfers have raised\nthe bar on examiners&rsquo\; expectations for security systems and risk monitoring\nof international and domestic w ire transfers. Are you prepared?\n
\nLearning Objectives
\nFunds transfer fraud causes millions of dollars in lo sses for businesses. Last year\, financial\ninstitutions filed over 248\,0 00 SARs on incidents of wire fraud and/or suspicious funds\ntransfers. As cyber attackers grow more sophisticated\, their schemes and attempts have\ nescalated further during the pandemic. Examiner scrutiny has increased in response.\n
\nWire transfers are unique transactions. This session will cover the regulatory\nrequirements for both domestic and internationa l wires\, provide sample audit procedures\,\nand address how to identify a nd react to possible wire fraud attempts. It will also identify\nsystem an d process vulnerabilities that can expose financial institutions to cybera ttacks\nand increased liability. Join us for an examination of ways to str engthen policies\,\nmonitoring\, procedures\, and risk assessments. Tools to support and enhance your wire\ncompliance program will be provided.
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