Powers of Attorney: Reviewing, Accepting, Scams & Red Flags

Powers of attorney are complex legal documents used daily to transact legitimate business with financial institutions. To further complicate matters, powers of attorney are also being used by fraudsters to gain unauthorized account access. Your institution can be exposed to significant risk if it fails to identify red flags, honors an invalid or fraudulently obtained power of attorney, or handles a specific situation improperly. This webinar will explain what a power of attorney is and the types that exist, when a POA may be used, the red flags your institution needs know, and how to deal with the POA and the attorney-in-fact. It will also cover the steps your institution can take to reduce its risk of loss and liability.

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.