This webinar discusses your responsibilities to federal govt if there is a deceased beneficiary still receiving benefits payments i.e. the requirements of the Green Book beyond the ACH Rules and how to Locate the appropriate Chapters of the Green Book for Reclamations and DNEs and how to Record imperative deadlines and obligations and appropriate actions.
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.
Why Should You Attend:
Processing ACH payments from the Federal Government can be a challenge. Not responding properly to DNE’s (Death Notification Entry) and ACH Treasury Reclamations exposes financial institutions to financial losses, operational risk, compliance risk and legal risk. This session focuses on properly responding to ACH Treasury Reclamations and DNE entries to help mitigate potential losses. Important information about Federal ACH entries will also be discussed. This program is essential for staff responsible for ACH Treasury payments, reclamations and risk management.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.
Learning Objectives:
- Identify additional obligations and requirements of the Green Book beyond the ACH Rules
- Locate the appropriate Chapters of the Green Book for Reclamations and DNEs
- Define Reclamations and DNEs
- Record imperative deadlines and obligations
- Conclude appropriate actions
Areas Covered in the Webinar:
- The Green Book - how to locate, where to find details on DNEs and Government Reclamations
- How and when 31 CFR Part 210 applies
- Processing Death Notification entries
- Time frames for returning ACH entries when account holders are deceased
- Descriptions of Return Reason Codes to use when returning benefit payments
- Processing Federal Government Reclamations, including time frames
- Difference between Commercial and Government Reclamations
- Handling incoming ACH entries on accounts where the beneficiary is deceased
Who Will Benefit:
- Internal Auditors
- Risk Officers
- Compliance Officers
- Compliance Professionals
- Operational Risk professionals
- Operations
- AP/AR
- Audit Committee Members
- Director of Security/Investigators
- Information Security
- Trainers
- Executive Management
Speaker
Rayleen M PirnieCourse Provider
Rayleen M Pirnie,
