This webinar training will help you identify common ACH frauds. The instructor will discuss the sound business practices and easy to implement internal controls proven to reduce losses and how to review common financial institution offered solutions to further minimize exposure.
Regardless of how relentless the fraud is, so much of today’s fraud losses can be avoided if you know what to look for and implement the right controls. The types of internal processes and controls necessary vary by industry and organization size.
This course reviews a wide variety of options and recommendations to assist attendees with developing their own internal protocols.
Why Should You Attend:
Fraudsters continue to successfully drain millions of dollars from businesses, non-profits and government agencies across the nation. From account takeover to embezzlement, all sized businesses are vulnerable to financial frauds. Written specifically for businesses, not-for-profits and government agencies, this 90-minute information packed course delves into the best practices every organization should implement. From internal controls and processes, to services you should discuss with your financial institution, this course helps any size organization become more secure.Regardless of how relentless the fraud is, so much of today’s fraud losses can be avoided if you know what to look for and implement the right controls. The types of internal processes and controls necessary vary by industry and organization size.
This course reviews a wide variety of options and recommendations to assist attendees with developing their own internal protocols.
Learning Objectives:
- Learn common ways fraudsters steal from businesses using the ACH Network
- Isolate sound business practices to avoid common forms of ACH fraud
- Identify effective internal and external controls to minimize exposure
- Record appropriate actions for any size organization
Areas Covered in the Webinar:
- Examples of how criminals use the ACH Network to steal from organizations
- Sound business practices to minimize exposure
- Variety of options including the dual benefits of dual control and enhanced internal approval processes
Enhanced internal controls
- How criminals use an organizations technology to commit fraud
- Securing internal payment instructions and approvals
- Account reviews
- Stronger account security options
- Explore most common options including ACH positive pay, debit filters, debit blocks, credit only accounts, account alerts, etc.
Who Will Benefit:
- Business Investigators
- Bank Investigators
- Auditors
- Compliance Professionals
- Risk Professionals
- Bank Managers
- Third-parties who process payments for other entities
- CPAs
- CFOs
- IT
- Legal
- Payments Processors
- Vendor Management
- Accounts Payable
- Accountants
- Purchasing Manager
- Procurement Professionals
Course Provider
Rayleen M Pirnie,
