Risk/Fraud
October 2023
November 2023
October 2023
November 2023
ACH Policies & Procedures (2 Part Series)
On-Demand - AAP Credits 1.2 Each Session
This two-part webinar will show how to develop your own policies and procedures documents. With rapidly evolving financial regulations, keeping current with ACH-related requirements can be a challenge. Regulators at both state and federal levels require board-approved policies to define the scope, strategy, and risk tolerance of an organization’s ACH service. Good procedures can reduce your exposure to operating risk.
ACH Risk for ODFIs
On-Demand - AAP Credits 1.2
Being an ODFI can be risky if you do not have the right tools. Financial institutions of all sizes need to manage risk to minimize potential losses. Rapid growth, new and evolving products and consumer transfer applications are prevalent ACH trends representing increased risk for ODFIs. The ACH Rules require every financial institution to perform an ACH Risk Assessment. This webcast will cover risks associated with being an ODFI, as well as steps to mitigate these risks.
ACH Risk for RDFIs
On-Demand - AAP Credits 1.2
RDFIs of all sizes need to be aware of their ACH risk factors. The ACH Rules require every financial institution to perform a Risk Assessment related to their activities within the ACH Network. Proper processing of return items, timely posting of ACH transactions and the exceptions related to Federal Government transactions are just a few of the risks faced by RDFIs. This webcast will cover risks associated with processing transactions from the RDFI side as well as how to mitigate these risks.
ACH Risk for Treasury Sales
On-Demand - AAP Credits 1.2
Does your cash or product management personnel know all they need to know about the ACH services they are selling? Are they aware of upcoming rules changes affecting your corporate Originators? Do they know how to keep your customers informed of the rules affecting you as an ODFI? Attend this informative webcast and arm your cash and product management staff with the proper ACH knowledge to protect your institution from loss, while helping them understand the products and services you offer.
(Formerly ACH Risk for Cash Management Sales)
Balancing Risk & Reward for ODFIs - Two-Part On-Demand Sessions
On-Demand – 3 hours - AAP/APRP Credits 3.6
Did you know that the ODFI takes on all the warranties and responsibilities for each and every ACH Entry they transmit into the network? What does this mean? This workshop will navigate you through the ACH Network specifically helping you understand the risks of origination and what processes need to be implemented to help mitigate these risks. Understanding and managing these risks appropriately will help protect your financial institution from being subject to the Rules Enforcement process.
3.6 AAP/APRP Continuing Education Credits
Consumer and Mobile RDC Risk
On-Demand - AAP Credits 1.0
Consumer and Mobile Remote Deposit Capture is the fastest growing trend in a rapidly changing industry. If you offer this product now or plan to offer it in the near future, attend this important webcast and learn about the potential risks and how to mitigate them.
Consumer Transfer Risk
On-Demand - AAP Credits 1.0
Many financial institutions offer consumer transfers, allowing a consumer to transfer funds from their financial institution to credit or debit their account at another financial institution. This can be a very valuable consumer service. However, there are several risks associated with these transfers that must be properly addressed to prevent possible loss or fraud. If you are currently offering this service or are considering it in the future, you will want to attend this important webcast.
Elder Abuse: Exploitation and Fraud Prevention - Two-Part On-Demand Sessions
On-Demand – 3 hours - AAP/APRP Credits 3.6
Senior Program Analysts from the Consumer Financial Protection Bureau’s (CFPB’s) Office for Older Americans will present details of common fraud and scams that target older adults, discuss ways to recognize red flags of elder financial exploitation, and share free resources for consumers and financial institutions. Presenters will also explore how payments professionals are working with fraud networks and examine an elder fraud case study involving collaboration with payments professionals. Operations, Customer/Member Service, BSA/Compliance, and Fraud/Risk Management staff will benefit from this two-part informational webinar.
3.6 AAP/APRP Continuing Education Credits
Elder Financial Abuse
On-Demand - AAP Credits 1.0
Each year approximately 2,500 cases of financial elder abuse are reported just in the San Francisco area alone. This is a serious and silent crime that needs to be addressed. Do you know that your financial institution may be required by law to report any "suspected" cases of elder abuse? This session will discuss common scams that affect the elderly, the psycology behind these scams and ways your financial institutions can identify and help prevent these scams from occurring.
Faster Payments Risk
On-Demand - AAP Credits 1.2
Although they move us forward when it comes to speed, Faster Payments can also mean faster fraud. As you determine your strategy, you must also address risk management aspects in your Risk Assessment. This session will discuss some of the various risks associated with Faster Payments.
FFIEC Guidance & Account Takeover
On-Demand - AAP Credits 1.0
Corporate Account Takeover is nothing new, but the threats are increasing and financial institutions are being further tasked by regulators to protect their clients from these ongoing dangers. Learn how to protect your corporate and consumer clients, as well as ensure compliance with FFIEC Guidance. The FFIEC issued Guidance on Authentication in an Internet Banking Environment, as well as a supplement to this guidance which identifies increased risk and requires financial institutions to review its tools for online authentication and authorization. We will also discuss corporate account takeover and best practices you can implement to help prevent this from occurring.
Get an A on Your ACH Audit Two-Part On-Demand Session
On-Demand – 3 hours - AAP/APRP Credits 3,6
How do your compliance procedures stack up? Regulators, Nacha and external examiners are taking a closer look at financial institutions' ACH procedures & risk management. If you aren't prepared for a higher risk of fines for non-compliance, be sure to prepare for an up-to-date ACH audit. We will cover areas of regulatory compliance, discuss best practices and the most common compliance problems. This will help you reduce your ACH risk from both receiving and originating ACH transactions.
Publications:
3.6 AAP/APRP Continuing Education Credits
Micro-Entries Nacha Rule Change-Phase 2 & ACH Risk Management Framework
On-Demand – 2 hours - AAP/APRP Credits 2.4
In light of Phase Two of the Micro-Entry Rule and the ACH Risk Management Framework on credit-push transactions, financial institutions have been placed for many years as the “police” for suspicious and fraudulent transactions and requirements to monitor, identify, be alerted, and mitigate the risks associated with originated and received transactions is becoming more and more difficult. Operating in a manual manner is simply impossible! This session will leave you with a different mindset on managing operational, fraud, liquidity, liability, and systemic risks and how you can tell if an appealingly “normal” transaction may, in fact, be abnormal.
Speaker:
Nanci McKenzie, Juris Masters Financial Regulation & Compliance, AAP, APRP
Executive Vice President, Compliance & Product Strategy
Affirmative Technologies
Nanci holds a Juris Master’s degree in Financial Regulation and Compliance from Florida State University College of Law and a Bachelor of Science degree in Business Information Management from Seminole State College, Sanford, FL. She became an Accredited ACH Professional (AAP) in 2004 and became an Accredited Payments Risk Professional (APRP) in 2018. Nanci is currently pursuing a Master of Legal Studies (MLS) at Drexel University.
2.4 AAP/APRP Continuing Education Credits
Payments Fraud
On-Demand - AAP Credits 1.2
Financial thieves are business people, just like us. Their job is to learn the cracks in our systems. Our job is to fill those cracks. Gain the tools needed to develop effective anti-fraud policies and procedures, mitigate risk and protect your financial institution. Learn the latest scams affecting the payments industry and sound practices to protect your organization against schemes such as phishing, spoofing, identity theft and other types of fraud.
So You Think you Want to be an APRP?
On-Demand
Are you thinking about becoming an Accredited Payments Risk Professional? Accreditation gives you valuable knowledge needed in today’s ACH environment. Sign up for this free webinar to learn how to successfully prepare for the APRP exam and how to maintain your accreditation once you’ve passed! A synopsis of SFE’s upcoming Study Program will also be provided.
Unclaimed Property - Two-Part On-Demand Sessions
On-Demand – 3 hours - AAP/APRP Credits 3.6
Part I - Unclaimed Property Basics
What is unclaimed property?
How it all started!
Unclaimed property terms
What do banks and credit unions need to know?
Unclaimed Property Reporting Requirements
Best Practices
How to keep in touch with customers and members
Part II - A Deeper Drive
What you need to know about Unclaimed Property Audits
Creating Policy and Procedures
Overview on Mergers and Acquisitions
Best ways to reduce unclaimed property liability
Updates on laws and regulations affecting unclaimed property
Speakers:
Michael Ryan, Director of Business Development
Linking Assets, Inc.
James Santivanez, President
JMS Advisory Group
About the Speakers:
Mike Ryan is MACHA’s unclaimed property liaison. Mike is also Director of Business Development at Linking Assets, Inc. Linking Assets is the leading owner location services company, helping banks and credit union locate, reengage, and reunite dormant/lost customer and members with their assets to reduce escheatment.
James Santivanez is the President of JMS Advisory Group. JMS is a firm dedicated to escheat process development and improvement. It is their mission to help their clients mitigate risk and capitalize on opportunities resulting from accurate and properly manage unclaimed property compliance.
3.6 AAP/APRP Continuing Education Credits
