Are You Liable? Forgeries, Remotely Created/Deposited Items, Fraudulent ACH, Unauthorized Electronic Withdrawals & More
Fraud is virulent, invasive, and widespread – especially in deposit operations. To further complicate things, fraudsters are getting smarter and more creative. Identifying and combatting it is bad enough, but are you liable, too? Join us to learn the legal/liability ramifications of different types of account fraud.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Determine whether your institution is liable in each type of account fraud situation
- Understand your institution’s requirements for reimbursing accountholders
- Explain what can and cannot be required of an accountholder when investigating account fraud
- Describe what constitutes an “unauthorized” electronic withdrawal
- Distinguish between ODFI and RDFI liability for ACH fraud
- Understand new trends in fraud that impact financial institutions
WEBINAR DETAILS
Account fraud has caused staggering losses to financial institutions and the losses continue to increase. Your institution’s liability for forged checks, counterfeit checks, ACH fraud, remotely created and deposited items, and unauthorized electronic items varies depending on the type of fraud, how it occurred, and whether it was a consumer or commercial account. There are numerous applicable laws – and they are mindboggling. This webinar will cover some of the latest fraud schemes, address which law applies in each situation, and explain your institution’s liability – and how to reduce it.
WHO SHOULD ATTEND?
This informative session will benefit deposit operations personnel and managers, tellers and service representatives, compliance personnel, new accounts professionals, security officers, fraud investigators, attorneys, and auditors.
