Effectively Managing Wire Transfer Fraud

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

On-Demand Webinar:

StreamedAug 7, 2025Duration90 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

Wire transfer is the tool many scammers use to perpetrate the fraud du jour.

These swindlers are endlessly creative in their often-successful efforts to fraudulently relieve unsuspecting victims of their financial resources. This timely program will cover recent scams and how your institution can handle wire fraud and control losses.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Recognize common types of wire fraud and scams
Understand the rules and requirements defined by the federal reserve operating circular
Identify how UCC 4A impacts your wire process
Establish controls to mitigate risks from business email compromise and email account compromise
Detail requirements of both domestic and international wires to proactively protect your institution and accountholders from fraud losses, including internal controls, system security, OFAC screening rules, and identification and authentication requirements

WEBINAR DETAILS

The method of choice for many a scammer is wire transfer. The Romance Scam, Work-From-Home Scam, Loan Scam, the ever-popular Nigerian scam, and a swarm of others begin with a hook that reels accountholders in and ends with a set of urgent wire instructions that often result in losses.

This session will review the latest wire scams circulating today as well as a few of the tried-and-true standards. It will cover the UCC 4A requirements and how they impact the way fraud is handled and who is liable for the losses. Join this jam-packed session to discover controls and procedures you can implement to respond to wire fraud and mitigate losses.

WHO SHOULD ATTEND?

This informational session is designed for operations personnel, BSA officers, compliance officers, internal auditors, and employees who handle wire transfers.

TAKE-AWAY TOOLKIT

Sample wire transfer policy
Sample wire audit procedures
Sample wire transfer request form
Red flags for wire scams and fraud
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 institution is prohibited. Print materials may be copied for eligible participants only.