ACH Fraud: Beyond the Rules

Description

Fraud in the ACH Network continues to increase leaving institutions with the challenge of defining processes when the ACH Rules and applicable requirements aren’t always clearly aligned. Following one (without the other) leaves the institution in a position of non-compliance and exposed to financial losses.

Join us to explore the unique challenges presented by Account-to-Account (A2A) fraud, Person-to-Person (P2P) fraud, Business-to-Business (B2B) and Account Takeover, and the important role regulations and laws play in the institution’s response to fraud. Using actual cases, ACH expert Sandy Cinelli will discuss the applicable ACH rules, and Rayleen Pirnie will uncover the institutions additional obligations under areas like AML, UCC and Regulation E.

During this interactive course attendees will:
• Define common ways the frauds occur
• Compare the ACH Rules to applicable guidance and requirements
• Document appropriate responses to the covered forms of fraud
• Create an action item list for internal use

Bonus takeaway! Attendees will have access to the cases used during the course for internal training.

Rayleen M. Pirnie, AAP, CERP is the Director of Risk & Fraud at NEACH overseeing the organization’s comprehensive risk management program, advancing strategy to support both industry and member efforts to identify and mitigate fraud. With more than 20 years of experience, Rayleen is a leading expert in payments rules, compliance, risk management, fraud prevention, and security. Through leadership roles and years of research and dedication, Rayleen has developed a deep knowledge and unique skillset that allows her to deliver actionable solutions to not only financial institutions and financial service providers, but across other industry verticals as well. Rayleen is an Accredited ACH Professional (AAP) and a Certified Enterprise Risk Professional (CERP). She is a member of the Association of Certified Fraud Examiners (ACFE) and holds a Bachelor of Science in Criminal Justice Administration. She is an author and highly sought-after speaker.

Recorded on September 23, 2021 2:00 PM – 3:30 PM EST