The FFIEC requires that financial institutions manage the risks associated with using the ACH and wire transfer networks to transmit retail and wholesale payments. Over the past several years, there have been significant risks associated with a financial institutions internal control environment for ACH and Wire Transfers based on significant rules changes, fraud threats, and the evolving payments industry.
Topics in this payments webinar include:
- The most prevalent ACH and Wire Transfer risks;
- Best business practices for documenting a gap analysis to identify possible gaps in the ACH and Wire programs that could present significant monetary losses and reputational value of the financial institutions brand;
- BONUS MATERIAL: Sample action plan for resolving gaps and how to effectively document the gaps based on regulatory requirements and expectations.
Who Should Attend?
- Compliance Officers
- Risk Managers
- Internal Auditors
- Electronic Banking
- Deposit Operations
- Branch Management
- Senior Management