Webinar: Are You Liable? Forgeries, Remotely Created/Deposited Items, Fraudulent ACH, Unauthorized Electronic Withdrawals & More
February 7, 2024 3:00 pm - 4:30 pm
Scams, schemes, stings, deceptions, cons. Whatever they’re called, it all boils down to fraud!
Financial fraud is rampant, can come in many forms, be consumer or commercial, and is causing increasing losses for financial institutions. What’s more, the numerous applicable laws are mindboggling. Attend this timely webinar to learn how to deal with each type of fraud and reduce your institution’s liability.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Distinguish which party is liable for each type of fraud situation, including ODFIs and RDFIs for ACH fraud
- Determine when your institution must reimburse an accountholder
- Explain what can and can’t be required of accountholders when investigating account fraud
- Understand your institution’s liability for forgeries
- Explain what constitutes an unauthorized electronic withdrawal
WEBINAR DETAILS
Account fraud has caused staggering losses to financial institutions and continues to increase. 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. This webinar will explain which law applies in each type of account fraud situation, your institution’s liability, and how to reduce liability risk.
WHO SHOULD ATTEND?
This informative session will be useful to deposit operations personnel and managers, tellers, compliance staff, new accounts personnel, security officers, fraud investigators, attorneys, and auditors.
TAKE-AWAY TOOLKIT
- Chart listing each type of account fraud situation, which law applies, and who 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
Speaker: Elizabeth Fast, Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.