Mitigating Fraud Risks in Conservatorships and Trust Accounts – March 29, 2023

When an adult (an individual 18 or older) is unable to manage his or her personal and/or financial affairs, a court can appoint a third party (a conservator) to act on behalf of that incapacitated or incompetent adult (the conservatee). Another type of higher risk account is a trust account which has a Trustee managing the account for the beneficiary of a trust. What could go wrong?  What type of fraud occurs in these types of accounts and how can financial institutions mitigate fraud and reputational risks?  This webinar will take attendee through the legal framework of these types of accounts and discuss how financial institutions can protect their reputation and the clients/members money.

Topics include:

• Conservatorships and Trust Account Structures
• Fraud Trends in these types of accounts
• Best business practices for protecting the financial institutions reputational risks and mitigating fraud losses

Who Should Attend?

• Deposit Operations/Electronic Banking
• Client Facing Teams
• BSA and Fraud
• Treasury Sales and Operations
• Compliance Officers
• Internal Audit
• Information Security/Technology
• Senior Management
• Payments Professionals (May submit AAP/AAPR Continuing Education Credits

Speaker:  Falen O. Cox, Founding Partner, Cox, Rodman & Middleton, LLC