Wire Transfers: Establishing Strong Internal Controls

July 16, 2024
Live Webinar
DateJul 16, 2024Duration90 minutes
08:00 AM PDT09:00 AM MDT
10:00 AM CDT11:00 AM EDT
    • Unlimited connections for your institution
    • Available on desktop, mobile & tablet
    • Take-away toolkit
    • Presenter’s contact info for questions
On-Demand Webinar
  • Unlimited & shareable access starting two business days after live stream
  • Available on desktop, mobile & tablet devices 24/7
  • Take-away toolkit
  • Ability to download webinar video
  • Presenter's contact info for questions
See Registration Options

Funds transfer fraud causes millions of dollars in losses for businesses and financial institutions every year.

In 2023 alone, financial institutions filed over 400,000 suspicious activity reports regarding incidents of wire fraud and/or suspicious funds transfers. This informative program will explain the compliance requirements and the steps you can take to protect your institution and accountholders!
  • Detail requirements of both domestic and international wires, including:
    • Internal controls
    • System security
    • Identification and authentication
    • OFAC screening
  • Understand BSA requirements for wires and recordkeeping
  • Identify how Reg S, Reg E, Reg J Subpart B, and UCC-4A impact the wire process
  • Recognize common types of wire fraud and scams
  • Explain rules, notices, and error resolution procedures for international funds transfers


Wire transfers are unique transactions. This program will cover the regulatory requirements for both domestic and international wires, provide sample audit procedures, and address how to identify and respond to possible wire fraud attempts. In addition, it will identify vulnerabilities in systems and processes that can expose financial institutions to cyberattacks and increase liability. 

This session will also examine ways to strengthen policies, monitoring, procedures, and risk assessments. Participants will be provided with tools to support and enhance their wire transfer compliance program.


This informational session is designed for operations personnel, BSA officers, compliance officers, internal auditors, and anyone who handles wire transfers.


  • Sample wire transfer policy
  • Sample wire audit procedures
  • Sample wire transfer request form
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

Presented By

Dawn KincaidDawn Kincaid
Brode Consulting Services, Inc.