Wire Transfer Compliance, Including International Remittances - -- February 2020 (Member $255/NonMember $510)

Description: Funds transfer fraud causes millions of dollars in losses for businesses. Last year, financial institutions filed over 44,000 suspicious activity reports (SARs) on wire fraud incidents. Cyber attackers continue to grow more sophisticated and even the largest institutions are vulnerable. Recent high-profile, successful cyberattacks on international wire transfers have raised the bar on examiners’ expectations for international and domestic wire transfer security systems and risk monitoring. 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 identify system and process vulnerabilities that can expose financial institutions to cyberattacks and increase liability. Join us to learn ways to strengthen policies, monitoring, procedures, and risk assessments.

Your Price: 510.00


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Indiana Bankers Association
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