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Tax Refund Fraud 2022


Event Details*
Thursday, February 03, 2022
2:00 - 3:30 pm ET
Webinar; 1.8 AAP/APRP CEU Eligible
Learning Level: Beginner

Event Registration**
Member Price: $225.00
Non-Member Price: $325.00

In recent years, we saw an increase of data breaches targeting consumer information. Fortune 500 companies to the smallest businesses came under waves of cyberattacks compromising PII. Even consumers were directly targeted with phishing attacks and sophisticated social engineering schemes. With the abundance of stolen personal date on cybercriminal forums, we anticipate another year of challenges for RDFIs.

The tax refund season brings new challenges for institutions every year. While there is no way to anticipate every potential fraudulent return, this session, using actual case studies, helps attendees prepare for handling suspect returns, and answers questions like:
• What are the indicators of possible tax refund fraud?
• When do suspect returns qualify as suspicious activity under AML?
• If we identify multiple, suspect returns on an account, how do we handle the entries?
• If we suspect tax refund fraud, does the institution have any liability?
• Are there compliance requirements related to tax refund fraud?

In this session attendees will:
• Analyze current trends of refund fraud.
• Discuss when an RDFI has liability or exposure to loss.
• Record sound business practices to increase detection capabilities internally.
• Document appropriate responses to identified fraud including, required actions under AML.


Rayleen M. Pirnie, BCJ, AAP, CERP, Director, Risk & Fraud, NEACH

• ACH Coordinator
• Operations
• Electronic Banking
• Audit
• Risk/Compliance
• Retail Banking/Front Line Staff
• Training Director
• AAPs
• Financial Institution

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Quarterly Fraud Review Series

*Please note that the access information will be sent to you in a separate email upon receipt of payment. Access information and support are only provided during normal business hours.
** This event is part of the NEACH Education Club. Members who join the Club save $75 off the cost of this event.

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