Wire Transfers: Risk, Compliance, and Accuracy

Details

March 26, 2026
9:00AM - 10:30AM CST

Wire Transfers: Risk, Compliance, and Accuracy

Webinar

This workshop focuses on the critical aspects of processing wire transfers, emphasizing the importance of mitigating fraud risks, adhering to regulatory requirements, and ensuring transaction accuracy.

Wire transfers are highly susceptible to fraud due to their speed, finality, and the potential for sophisticated scams such as spoofed emails, invoice modification schemes, and executive impersonation. Once funds are sent, they are often difficult or impossible to recover, making robust internal controls and proactive fraud detection essential.

Participants in this training will learn to:

Identify common fraud scenarios and implement controls such as transaction limits, biometric checks, two-factor authentication, and callback verification.
Establish and audit compliance procedures for both domestic and international wire transfers.
Strengthen policies, monitoring, and risk assessments to support a resilient wire transfer program.

This training is essential for operations staff, compliance officers, auditors, and anyone responsible for initiating or approving wire transfers, providing practical tools and knowledge to safeguard financial transactions and maintain regulatory compliance.