This webinar, designed specifically for financial institutions, walks through typical federal tax refund situations and helps staff develop a strategy to successfully navigate potential pitfalls. In this course we will answer common institution questions, including:
We suspect a customer is committing tax refund fraud. Can we do anything?
When is our institution potentially liable for losses associated with tax refunds?
What return reason code do we use if we need to return a refund?
Can we check to see if an account holder is entitled to a tax refund?
Prepare yourself and your team for this challenging time of year! Attendees will receive a bonus Tax Refund Handling Checklist to ensure your institution has considered all aspects of handling tax refunds.
This 90-minute webinar will help you develop a 2017 game plan to ensure your institution effectively and efficiently handles these changes.
This session will help you determine where to focus your attention in 2017. We will discuss what should be on your priority list to keep you out of the hot seat with your regulators.
Thursday, September 13, 2018 - 11:00 AM - 12:30 PM ET
Email, social media, mobile devices, and the web dramatically increase banks’ exposure to costly and protracted risks including lawsuits, regulatory investigations, security breaches, mismanaged business records, damaged reputations, productivity drains, and PR nightmares. The creation and enforcement of electronic policies and procedures designed to minimize risks and maximize compliance is essential.
You’ll learn why and how to establish an electronic compliance management program incorporating written rules, employee training, and technology tools. You will leave this session armed with the skills and confidence necessary to write, implement, and enforce effective email, social media, mobile device, and Internet policies and procedures.
The Gist: Financial Institutions that engage in transactions involving money generated by marijuana-related activity are subject to criminal liability for failure to identify or report financial transactions which implicate violations of the U.S. Controlled Substances Act (“CSA”).
However, there is real potential for community banks and credit unions to offer their services to marijuana businesses. This is because bigger national banks continue to close out the last of their existing cannabis-related accounts. Although your Institution would still take on risk by providing services - which, technically, would violate federal law - if you comply with the Cole Memo and FinCEN Guidance, then this could be a lucrative opportunity.