Learn step-by-step recommendations for building systems to avoid potential fraud losses.
Never before has our industry seen the widespread and expensive financial fraud we are presently facing. For all banks and credit unions, the question is no longer if, but when they or one of their customers will be targeted. Every fraud event presents monetary, legal, statutory and reputational risks to the financial institutions involved. Knowing how to handle customer payment disputes now is an essential skill for bankers, from deposit operations staff to fraud teams to the board room. This presentation will drill into the most common and damaging types of financial frauds being faced by financial institutions. But unlike other education programs, we will not focus on technology fixes or employee training schemes, but instead examine the problem holistically from practical and real-world angles. We will identify where the greatest risks lay based on industry data. Then we put those fraud risks in their legal and regulatory context, so that cost-effective solutions can be proposed. This includes exploring best practices to mitigate financial fraud risks, including the benefits and the limitations of technology, training, operational pro-cesses and contract provisions within in the total suite of prevention strategies for banks and credit unions. And lastly, when the inevitable payments fraud situation is discovered, whether the customer or the institution is the victim, we will cover what must be done to recover the fraudulently transferred funds and to protect the all-important customer relationship.
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Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview of Current Bank and Credit Union Financial Fraud Risks
- Understanding the Latest IC3 Report Information
- Latest Intelligence From Industry Sources
Rules Applicable to Financial Institutions in Fraud Situations
- Overview of Transactional Processes for Funds Transfers
- Summary of the Laws and Regulations for Analyzing Financial Fraud
- The UCC as a Roadmap for Payments
- The Key Federal Regulations and Guidance
- Leading Case Law Treatment of Payment Disputes
- Detailed Explorations of Check Fraud, and Wire/ACH Fraud Arising From Business Email Compromise Attacks
Financial Fraud Mitigation Tools and Strategies
- Training
- Technology
- Processes
- Contract Strategies
Incident Response Strategies a/k/a What to Do When the Worst Happens
- Bank Versus Customer Interactions
- Bank Versus Bank Interactions
- Dealing With Law Enforcement, Insurers and Other Stakeholders
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Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on July 17, 2025.
Call 1-866-352-9540 for further credit information.
- AK CLE 0.75
- Alaska attorneys may receive 0.75 hour(s) of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 0.9
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 0.9 hour(s) credit.
- Arizona CLE 0.75
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services/Noggin Guru for auditing purposes. This activity may qualify for up to 0.75 hour(s) toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 0.75
- Lorman Education Services/Noggin Guru is a State Bar of California approved MCLE sponsor and this course qualifies for 0.75 CLE hour(s) of participatory credit.
- CO CLE 1.0
- This program has been approved by the Colorado Supreme Court Board of Continuing Legal and Judicial Education for 1.0 hour(s) of CLE.
- CT CLE 0.5
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 0.5 CLE credit(s).
- IL CLE 0.75
- This course was approved for a total of 0.75 hour(s) of MCLE Credit by the Illinois MCLE Board.
- ME CLE 1.0
- This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.0 hour(s) of CLE credit under M. Bar R. 5.
- MO CLE 1.3
- This course qualifies for self-study CLE credit in Missouri.
- ND CLE 0.75
- North Dakota CLE policy does not allow for pre-approval of any self-study courses. This course may qualify for up to 0.75 hour(s) of CLE credit.
- NH MCLE 0.8
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services/Noggin Guru believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 53 Minutes.
- NJ CLE 1.0
- This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.0 hour(s) of total CLE credit.
- NV CLE 0.5
- This program has been approved by the Nevada Board of Continuing Legal Education for 0.5 CLE hour(s).
- NY CLE 1.0 including Areas of Professional Practice 1
- This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.0 credit hour(s) in the area(s) of Areas of Professional Practice for 1.00 hour. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Education- Noggin Guru, Inc. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
- TN CLE 0.88
- This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 0.88 hour(s) of credit.
- WI CLE 1.0
- This program qualifies for 1.0 hour(s) of ondemand CLE through the WI Board of Bar Examiners.
- WV MCLE 1.1
- This program has been approved by the West Virginia State Bar MCLE Commission for 1.1 MCLE hour(s).
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
- AK CLE 0.75
- Arizona CLE 0.75
- CA MCLE 0.75
- CT CLE 0.5
- HI CLE 0.75
- MO CLE 1.1
- WV MCLE 1.1
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
William "Bill" Repasky
Frost Brown Todd LLP
- Member with the law firm of Frost Brown Todd LLC
- Prior to joining the firm, served as in-house counsel for one of the nation’s largest banks and also for a leading credit card processing company
- Background in banking compliance and litigation was fortuitous, as he practices law in Kentucky, which is currently the leading state in the country in growing hemp and in promoting the industrial hemp industry
- Frequent author and speaker on banking law matters, including those concerning hemp-related businesses
- J.D. Degree, Vanderbilt University; B.A. Degree, University of Michigan
- Can be contacted at 502-779-8184 or [email protected]
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Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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