Each year, Federal tax refund time presents a nightmare of situations for institutions. From money mules to identity theft, nasty divorce situations to non-post items, institutions sometimes find themselves in high risk situations with no clear guidance on how to proceed.
Institutions need to be prepared for the onslaught of situations the tax refund season presents. Regardless of the scenario, there are some sound business practices that can reduce the institution’s exposure to loss and non-compliance.
= Common federal tax refund issues including fraud, posting to wrong account, and non-post entries
= Funds availability exception
= Sound practices for managing risk
= Developing comprehensive handling procedures
= Suspicious Activity Reports
BONUS: Free resource – Tax Refund Handling Checklist
Who Should Attend
This informative session is designed for anyone in the institution responsible for managing payments risk including Operations, Operations Managers, Risk Manager, Compliance, Audit, Retail Managers, Trainers, and Senior Management.
This session is a cost-effective way to educate multiple staff on this timely, challenging topic. You may train as many individuals as you like for one set price. There will be no travel costs, time lost from work and no one will be required to leave the institution.