Legal Liabilities when Check Fraud Occurs

Duration: 60 Minutes
Proper handling of check fraud occurrences is important for an institution. Institutions need to understand that such incidents go beyond the check fraud itself. Legal liabilities exist that are specific to consequences of check fraud. This webinar will provide guidance and insight for financial institutions in understanding the legal liabilities that result when check fraud occurs. All of the above insights will assist a financial institution in its risk mitigation and risk reducing efforts.
Handling check fraud
Product ID: 504219
Objectives of the Presentation
  • Understanding what check fraud is
  • Knowing the financial institution's legal liabilities
  • Handling legal liabilities
  • Preventing check fraud
  • Check fraud victim's legal rights
  • Training
Why Should you Attend
Handling check fraud is important for accurate accounting and efficient operations. Failure to understand check fraud and its legal liabilities can put a financial institution at risk which can be costly for them.

Areas Covered
  • Types and examples of Check Fraud
  • How to Identify Check Fraud
  • Legal responsibilities of an institution for check fraud as outlined by various laws and regulations
  • What steps or procedures an institution can exercise for handling and preventing check fraud
  • Understanding what legal rights and entitlements a check fraud victim may have
  • What type of training should an institution provide its employees against check fraud
Who will Benefit
  • Compliance Officers
  • Deposit Operations
  • Teller Managers
  • Tellers
  • Fraud Managers and Personnel
Topic Background
Recent advancements in check collections operations through image presentment make understanding the difference between a return and an adjustment even more important. Financial institutions need to understand that difference to mitigate potential risk.
$200
Recorded Session for one participant
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How it works
Live Session - How it works
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  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
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  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Dr. Gina J. Lowdermilk, PhD (ABD), CAMS, CRMS is a qualified BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been on working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work with small community banks to large international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.

Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. Gina has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as per clients’ requests.


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