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OnDemand Course

Legal Issues in Managing Emerging Technology Risk to Your Financial Institution

This OnDemand Webinar will examine the ACH market today and implications of the increasing prevalence of fraud. The distinguished panelists will provide an overview of the legal and compliance issues that arise in the context of a financial institution's information technology security program designed to achieve the dual purpose of preventing as well as responding to instances of discovered ACH fraud. This discussion will also include recent litigation addressing the allocation of risk among the financial institution and customer when ACH fraud is uncovered, as well as increasing regulatory scrutiny applicable to financial institutions in this evolving area of risk.

Learning Objectives:

  • You will be able to explain emerging risks for financial institutions.
  • You will be able to describe account takeovers.
  • You will be able to review financial institution versus customer liability.
  • You will be able to explain compliance risk regulatory enforcement actions.

Runtime: 88 minutes
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Why Lorman?

Over 33 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

ACH Market Today

  • Definition of ACH Fraud
  • NACHA
  • Trends/Opportunities
  • Emerging Risks for Financial Institutions

ACH Fraud Statistics

Primary Types of ACH Fraud

  • Embezzlement/Internal Theft
  • Unauthorized Debit or Merchant Fraud
  • Account Takeover

Embezzlement/Internal Theft

Unauthorized Debit/Merchant Fraud

Account Takeover

  • Consumer vs. Corporate Account Takeovers
  • Warning Signs/Red Flags
  • SAR Filing Requirements
  • NACHA Notification Requirements

Financial Institution vs. Customer Liability

  • Recent Litigation Examining Which Party Bears the Risk of Loss

NACHA Tips for Financial Institutions to Combat ACH Fraud

FFIEC Regulatory Guidance

Compliance Risk - Regulatory Enforcement Actions

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More Program Information

Why Lorman?

Over 33 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 25, 2013.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 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

Kevin L. Petrasic

Kevin L. Petrasic – Moderator

Davis Wright Tremaine

  • Partner and head of the Global Financial Institutions Advisory Practice of White & Case LLP, based in the firm’s New York and Washington, D.C., offices
  • Advises national and international financial firms, including banks, securities brokerage and insurance firms, and other financial services providers, on a broad range of regulatory, legislative, transactional, and compliance issues under federal and state banking laws, including before the Federal Reserve Board, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau
  • Extensive experience in Dodd-Frank compliance, bank/thrift and holding company regulation, credit card and consumer financial compliance laws, UDAAP issues, data privacy/protection, cybersecurity and data breach issues, compliance laws impacting payments systems, mergers and acquisitions, anti-money laundering issues and OFAC compliance, depository institution charter powers and activities, mortgage markets, and corporate governance
  • Broad government experience, including serving as special counsel, managing director of external affairs, director of congressional affairs, legislative counsel, and assistant chief counsel at the U.S. Treasury Department’s Office of Thrift Supervision, as well as counsel to the former House Banking Committee
  • Adjunct professor of banking law at the George Washington University Law School in Washington, D.C.
Helen Y. Lee

Helen Y. Lee

White & Case LLP

  • Counsel in the Financial Institutions Advisory Practice of White & Case LLP based in the firm's Washington, D.C. office
  • Advises U.S. as well as non-U.S. banking organizations and other financial service providers on regulatory and transactional matters arising under the U.S. federal banking and securities laws
  • Practice includes advising clients on all regulatory aspects of banking operations from assisting with the establishment of bank offices and addressing chartering or licensing issues, to advising on permissible activities and structure considerations, as well as addressing enforcement and other supervisory matters
  • Represents clients in managing communications with regulators that include requests for formal or informal opinions, submission of comment letters regarding proposed rulemakings, negotiation of enforcement orders, and activity applications pending before federal and state regulators including the Office of the Comptroller of the Currency, Federal Reserve Board (Washington, D.C. and Reserve Banks), Federal Deposit Insurance Corporation (Washington, D.C. and Regional Offices), Consumer Financial Protection Bureau, California Department of Business Oversight, and New York State Department of Financial Services
  • Adjunct professor of banking law at her alma mater, The George Washington University Law School in Washington, D.C.
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Why Lorman?

Over 33 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 392136
Published 2013
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