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Allocating Losses When Check Fraud Occurs: Best Practices
Details
Program Content
Check fraud losses are estimated to exceed $18 billion each year. A recent nationwide counterfeit check operation is projected to have caused over $9 million in losses. With more and more counterfeit checks flooding fi-nancial institutions, this number is sure to increase. Unfortunately, most Kansas banks don’t understand their legal rights and responsibilities for dealing with check fraud when losses occur. If you’re confused about what your bank’s legal responsibility might be in various check fraud situations as a Kansas bank, this seminar is for you.
Topics of Discussion
• Tips for spotting counterfeit, forged and altered checks
• Procedures that can be used to reduce your bank’s exposure to check fraud losses
• A plain English explanation of your bank’s legal responsibility for counterfeit, forged and altered checks under the Kansas Uniform Commercial Code, Regulation CC, and other federal regulations
• Factors used to determine whether a check fraud victim has the legal right to expect reimbursement for a loss under Kansas law
• Procedures that can be used to reduce your bank’s exposure to check fraud losses
• A plain English explanation of your bank’s legal responsibility for counterfeit, forged and altered checks under the Kansas Uniform Commercial Code, Regulation CC, and other federal regulations
• Factors used to determine whether a check fraud victim has the legal right to expect reimbursement for a loss under Kansas law
Presented by
Terri D. Thomas, EVP, Legal Department Director Kansas Bankers Association
Terri has over 37 years experience in the banking industry and has been a popular instruc-tor for KBA on a variety of compliance and
legal issues. You will enjoy Terri’s upbeat and relaxed teaching style.
legal issues. You will enjoy Terri’s upbeat and relaxed teaching style.
About this Webinar
This online program consists of 90 minutes of instruction and live Q&A. Each registration allows for one connection to the webinar and materials with 30-day replay access. You may have unlimited listeners on your connection by speaker phone and PC. You will receive a confirmation with your PIN, materials and logon instructions. If you do not receive a confirmation at least two days prior to the event, call 785-232-3444. You may also purchase the OnDemand recording and materials for ongoing training purposes.
Any transmission, retransmission or republishing of the audio portion of the seminar is strictly prohibited. Your registration entitles you to ONE connection at ONE physical location along with permission to make copies of seminar materials for all listeners from your institution.
This online program consists of 90 minutes of instruction and live Q&A. Each registration allows for one connection to the webinar and materials with 30-day replay access. You may have unlimited listeners on your connection by speaker phone and PC. You will receive a confirmation with your PIN, materials and logon instructions. If you do not receive a confirmation at least two days prior to the event, call 785-232-3444. You may also purchase the OnDemand recording and materials for ongoing training purposes.
Any transmission, retransmission or republishing of the audio portion of the seminar is strictly prohibited. Your registration entitles you to ONE connection at ONE physical location along with permission to make copies of seminar materials for all listeners from your institution.
Registration fees are based off the bank/company asset size. Registration fees are per bank/company, not individual. This fee includes all bank/company locations in Kansas. If registering online, please register one person from your bank to pay for the registration. Additional attendees should be emailed to: lmott@ksbankers.com to receive login information prior to the conference. There is not limit on how many people that can attend.
Live purchase includes free 30-day replay access. All options will receive the written materials.
