Preventing External Transfer Fraud

On Demand Course

Instructor: Kelly Rozier

Duration: 1 HR

What You'll Learn

External ACH transfer fraud poses a significant threat to financial institutions and often have weaker controls. Join us for an informative webinar focused on the essential elements of a strong internal control environment that can effectively prevent external ACH transfer fraud. In this webinar, attendees will learn what constitutes external ACH fraud, how this type of money movement works, common gaps in the process and lessons learned from significant monetary losses based on absence of controls.

Topics covered in this session

Common tactics used in external ACH transfer fraud and how to identify them
Key components of an effective internal control framework
Best practices for monitoring and securing ACH external transaction.
Effective tools used to combat this type of fraud
Lessons learned from recent fraud cases

Who Should Attend?

BSA Officers and Support Teams
Compliance Teams
Deposit Operation Teams
Electronic Banking Teams
Finance Department
Fraud Management Teams
Front-Line Teams (Customer/Member Service Representatives)
Internal Auditors
Information Security Officers
Risk Management
Senior Management/Executive Management

*This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Accreditations

Nacha (National Automated Clearing House Association) -AAP/APRP

Nacha has approved this course as eligible for AAP or APRP Renewal Credit(s).

Requesting CE:
Upon completion of this course, please email creditrequest@nogginguru.com to obtain a CE certificate.

About the Author:

Kelly Rozier

Kelly Rozier has extensive banking experience; specializing is Electronic Payments and fraud. Ms. Rozier advises both financial institutions and their service providers on payments audits, process improvement, and risk management. She provides expertise in ACH, Wire Transfer, Remote Deposit Capture (RDC), and other payment systems, including audits of third-party senders and service providers. She works closely with banking professionals, , risk managers, compliance officers, and operations teams in the context of payments compliance, process optimization, financial risk management, and regulatory education. Additionally, Kelly collaborates with the Simplify Risk–Secura membership program to deliver education and resources tailored to banks, fintech companies and credit unions Prior to joining Stout, Kelly was responsible for the payment’s governance including treasury services and oversight for an $18 billion in assets financial institution. Kelly has a significant amount of experience working on the financial institution side and working with all the major core providers on electronic payments needs based on external fraud threats, network and regulatory requirements. Kelly also has ten years of experience working directly with the BSA/AML and fraud areas specific to electronic payments fraud and incident response.

On-Demand Course