While online account opening presents growth potential for institutions, it also presents significant risk, particularly when these accounts are funded using ACH. These risks can be controlled with proper due diligence for the online environment, account validation, and enhanced risk controls. This course evaluates practical risk management strategies institutions can use to build a program appropriate for their risk appetite. Covers both new consumer and business accounts.
This session will address the following questions about procedures and your bank: What does the law say about identifying nonresident aliens? What type of identification is being used around the country to open accounts? What are the proper procedures for W-8 reporting? What role does Office of Foreign Assets and Control (OFAC) play in your new accounts procedures? If these questions have not been answered to your satisfaction in your bank this session is a must.
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.
Each year, NACHA issues a new Operating Rules and Guidelines due to updates, new rules, and clarifications. This course reviews recent ACH Rules changes including Same-Day ACH and Third-Party Sender Registration requirements, and analyzes how various regulations, guidance and laws are affecting ACH processes and risk.
The focus of this interactive webinar is to limit your financial institution’s liability. This session outlines your responsibilities to the Federal Government if a beneficiary is deceased but still receiving benefit payments. The NACHA Operating Rules still apply when processing these payments but the Green Book outlines the exceptions when handling DNEs (Death Notification Entries) and Federal Government Reclamations.
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.