A wire transfer is defined as a fast way to send money and that it can be costly. Attend this 3-part Bootcamp to learn the basics of Wire Transfer, how does it work, the differences between a domestic and international wire, and the different types of wire transfer (bank and non-bank). Discussion will also include different types of risk and tips on how to mitigate this risk. With wire transfers being one of the most targeted areas for fraud, the risks associated with wires is a focus for governing regulatory agencies. In this series, we will outline the areas in wire transfer most commonly reviewed by examiners. Suggestions on how to get your internal and operational controls in place to help prevent wire transfer fraud.
In the entire 3-part Wire Transfer Webinar Bootcamp series, attendees will hear details on:
Wire 301 – Controls and Internal Processes
This final wire webinar will contain an overview of the most commonly areas within a wire transfer operation where examiners are reviewing and tips on how to help prevent wire transfer fraud.
Adequate internal controls are key to ensure your wire transfer operations are in compliance and continually addressing the prevention of wire transfer fraud.
- Common Areas Reviewed by Examiners
- Fraud Prevention Tips
- Developing Adequate Internal Controls
- Personnel, BSA, AML, OFAC Policies
Donna, the Vice President of Education Services for Dynamic Mastership, is a Certified Master Trainer and an experienced Project Manager, with over 14 years’ experience managing education programs for organizations processing electronic payments and financial institutions operations areas. Prior to founding Dynamic Mastership 3 years ago, Donna served as the Education Services Director for UMACHA for 9 years. Donna began her career serving as Training and Development Specialist for the Federal Reserve Bank, Minneapolis.
1.0 CPE Credits & 1.2 AAP Credits