2020 Lessons Learned from the Pandemic - November 10, 2020

Group Registration
Program Content

It’s anticipated more than $1Billion in PPP loans were fraud (GAO, July 2020). As of September 4, 2020, the Dept. of Justice has charged more than 40 cases of PPP fraud, each netting over $1million. We have no idea how much was lost under fraudulent unemployment claims, but one state reports as much as $300 million has al-ready been proven fraudulent (AP, Mary 2020). A host of other frauds also popped up creating mounting chal-lenges for financial institutions to navigate compliance responsibilities.

Using actual case studies, this interactive session ex-plores various forms of fraud that continue to occur from the various programs under the CARES Act and unem-ployment programs. In addition to exposing these frauds, we’ll examine a financial institutions compliance obligations, reporting, resources, operational challenges, and more.

Topics of Discussion Include:
• Common frauds
• Required and recommended actions
• Receiving institutions compliance requirements un-der BSA/AML
• Reporting (state, federal, BSA/AML. etc.)


Rayleen Pirnie, AAP, CERP
CEO, RP Payments Risk Consulting Services, LLC
Rayleen is the founder and owner of RP Payments Risk Consulting Ser-vices, LLC, based in Missouri. She is a nationally recognized payments risk and fraud expert who offers special-ized consulting services, procedural and risk management reviews, and payments education. Rayleen’s specialized skill is delv-ing into the world beyond the payment rules; areas where businesses often find themselves in positions of liability or loss with little to no clear guidance. She is an Accredited ACH Professional (AAP) who has worked with all payment systems for nearly 20 years. Rayleen also holds a Bachelor’s of Science in Criminal Justice Administration.
Time: 2-3:30 p.m.
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$180 - OnDemand
$280 - Both
$51-150 mil.
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$151-250 mil.
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$251-400 mil.
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Over $400 mil.
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