Who Is Liable? Forgeries, Remotely Created/Deposited Items, Fraudulent ACH, Unauthorized Electronic Withdrawals & More

Collections Compliance Frontline & New Accounts Information Technology Operations Security & Fraud

On-Demand Webinar:

StreamedDec 1, 2022Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

Determining liability is more than finger pointing.

Being able to distinguish liability for numerous types of transactions is crucial to making an accountholder whole, detecting fraud, reducing your institution’s risk, etc. Attend this webinar and learn how your institution fits into the mix when liability is in question.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Distinguish which party is liable in each type of account fraud situation
Determine when your institution must reimburse the accountholder
Explain what your institution can and can’t require of accountholders when investigating fraud
Understand your institution’s liability for forgeries
Distinguish between the liabilities of the ODFI and the RDFI for ACH fraud
Explain what constitutes an unauthorized electronic withdrawal

WEBINAR DETAILS

Account fraud has caused staggering losses to financial institutions and losses continue to rise. Your institution’s liability for forged 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. The multitude of applicable laws is mindboggling! This webinar will explain which law applies in each type of account fraud situation, explain your institution’s liability, and what can be done to reduce risk.

WHO SHOULD ATTEND?

This informative session will benefit deposit operations personnel and managers, tellers, compliance staff, new accounts personnel, security officers, fraud investigators, attorneys, and auditors.

TAKE-AWAY TOOLKIT

Chart listing the law in each type of account fraud situation and which party is liable
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.