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Compliance Considerations for Wires

Description

Event Details*
Monday, March 03, 2025
On-Demand; 1.2 AAP/APRP CEU Eligible
Level: Beginner

Event Registration**
Member Price: $200
Non-Member Price: $350
**With the $200 registration, members can register an unlimited number of participants from their organization. All participants must be registered simultaneously. To access this pricing, log in as a member and choose ‘Manage Group Registration for Company.’


Whether domestic or international, wire transfers are subject to a maze of regulations and laws including UCC 4A, Regulation E Subpart B, AML/CFT, and OFAC. In addition, like other payment channels, there are network rules dependent upon how your financial institution processes its wire transfers. Wire processed through the Federal Reserve must consider Regulation J and Operating Circular 6, and those using SWIFT or CHIPS must consider the network rules related to those entities. In this beginner-level session, attendees will receive an overview of how these rules, regs, and laws create a framework for wire transfer compliance.


At the end of this session, learners will be able to:
• Explain how the various rules, regulations, and laws apply to their institution’s processes
• Recognize processes and procedures that require updating
• Discuss what they’ve learned with colleagues to help ensure wire transfer compliance


Speaker:
• Mary Mumper-Morrison, AAP, APRP, CAMS, Director, Education, NEACH


Audience:
• BSA/Compliance
• Electronic Banking
• Financial Institutions
• Operations
• Payments Rules and Regulations
• Wires


You might also like:
• Wire Transfer Risk Management



*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.

**With the $200 registration, members can register an unlimited number of participants from their organization. All participants must be registered simultaneously. To access this pricing, log in as a member and choose ‘Manage Group Registration for Company.’


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