Dates of Event & Pricing

$295 for Webinar and Playback*

*Playback has no expiration.

  • Thursday, July 23, 2020

  • 12:00 – 1:00 pm (Eastern Time)

  • 11:00 – 12:00 pm (Central Time)

  • 10:00 – 11:00 am (Mountain Time)

  • 9:00 – 10:00 am (Pacific Time)


This is your go-to payments webinar for funds transfer training. It starts with a comprehensive review of funds transfer systems and we cover all of the responsibilities and regulatory requirements for funds transfer activities. This payments training is perfect for employees new to funds transfers and provides seasoned personnel with an in-depth review of key issues, funds transfers record-keeping, internal controls and best practices for managing BSA risks for funds transfer activities.

Attendees will learn about:

    Bank and employee responsibilities of originator, intermediary and beneficiary’s financial institution 

    ACH system and rules framework

    Overview and risks associated with various wholesale payment systems

    Records for non-established customers

    OFAC Screening requirements

    Travel rule requirements

    IVTS and PUPID risks and internal controls

    International ACH Transaction (IAT) rules

    Gateway operator definition and obligations

    Transaction testing requirements for high-risk funds transfers

BONUS: INTERNAL CONTROL CHECKLIST for funds transfers and ACH transactions


  • Dena Somers

    Dena Somers

    Esq / Founder finreg PARTNERS

    Dena Somers is a highly regarded bank consultant and compliance attorney. She has provided regulatory compliance and risk management consulting services to financial institutions and companies in highly regulated industries nationwide for more than 20 years. Her areas of expertise include consumer and mortgage lending compliance, Fintech and specialty finance, regulatory compliance training, business strategy and best practice advisement, and corporate governance. Throughout her career, Ms. Somers has advised hundreds of banking and financial institutions— ranging from local community banks to $50 billion financial holding companies— to achieve operational efficiency while ensuring regulatory compliance. Previously, Ms. Somers served as General Counsel to a national mortgage servicing company, Fintech lender, national money service business, and has represented financial institutions in a broad array of complex litigation matters for more than 15 years. Additionally, Ms. Somers is a published author for Lexis Nexis in the areas of Bank Teller training, loan policies, and loan documentation training.


1.0 CPE Credits