Unpacking E-SIGN Compliance for Loans & Deposit Accounts
On-Demand Webinar:
StreamedSep 17, 2024Duration60 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
Could you spot an attempt to use someone else's personal information to open a fraudulent account online?
Javelin, a national security
research firm, says account takeover and new account fraud is growing. Account
takeover fraud resulted in nearly $13 billion in losses in 2023 (up from $11
billion in 2022). New account fraud reached $5.3 billion (compared with $3.9
billion in 2022). Join us to learn how to ascertain an applicant’s true
identity and comply with BSA, CIP, and E-SIGN.
AFTER THIS
WEBINAR YOU’LL BE ABLE TO:
- Develop a robust risk mitigation strategy for online account opening
- Use FinCEN guidance to detect and report fraud related to identity theft, elder financial abuse, and cyber-enabled crime
- Explain and implement the E-SIGN consent process to open loan and deposit accounts online
- Offer suggestions for consumer protection against identity theft and fraud
- Understand the importance of information security procedures
WEBINAR DETAILS
Compliance with E-SIGN requirements for opening
accounts online is one piece of the puzzle; knowing the “true identity” of the
customer for BSA and CIP completes the process. It is critical that financial
institutions use multilayered systems of fraud screening. Some methods include
email-specific data, IP address, phone, and physical address information.
This
session will explain the intersection of E-SIGN security and fraud detection
and provide valuable tips for educating consumers and identifying fraud.
WHO SHOULD ATTEND?
This informative session
will be helpful to ensure compliance with e-banking and is targeted for compliance
officers, risk managers, operations managers, business development managers,
and others responsible for managing online banking, E-SIGN compliance,
e-statements, and e-disclosures.
TAKE-AWAY TOOLKIT
- Current exam procedures and many resources for online banking
- E-SIGN checklist and answers to common questions
- Suspicious Activity Report checklist for fraud related to online accounts
- 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.
Presented By
Compliance Training & Consulting for Financial Institutions
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