Menu
Menu
2024 How Kansas Banks Can Avoid Check Fraud Liability: From Prevention to Loss Allocation
Details
June 20, 2024 - Virtual
Program Content
Check fraud losses are estimated to exceed $18 billion each year. In 2022, the BSA Suspicious Activity Reports on check fraud reached over 680,000 for the year. A recent nationwide counterfeit check operation was projected to have caused over $9 million in losses. With more and more altered and counterfeit checks flooding financial institutions, these numbers are sure to continue to increase. Unfortunately, many financial institutions fail to teach front-line staff the fundamentals of avoiding check fraud. Further, when a loss does occur, these institutions dont' understand how the law allocates the loss. If you're confused about what your financial institution can do to prevent losses, as well as what your legal responsibility might be in various check fraud situations, this seminar is for you. This session will focus on the Kansas laws that apply to check fraud, including how losses are allocated, as well as examine the best practices that can be employed by banks for avoiding losses in the first place.
Who Should Attend
Tellers, Teller Supervisors, Customer Service Representatives, New Accounts Personnel, Branch Managers, Security Officers, Fraud Investigators, Fraud Examiners, and Bank Attorneys will benefit from this webinar.
Who Should Attend
Tellers, Teller Supervisors, Customer Service Representatives, New Accounts Personnel, Branch Managers, Security Officers, Fraud Investigators, Fraud Examiners, and Bank Attorneys will benefit from this webinar.
Presented by
Terri D. Thomas - EVP & COO - Legal Department Director, KBA
Terri Thomas is KBA's Executive Vice President and Legal Department Director. Terri has over 40 years' experience in the banking industry and has been a popular instructor for KBA on a variety of compliance and legal issues. You will enjoy Terri's upbeat and relaxed teaching style.
Training Topics:
Training Topics:
- Tips for spotting counterfeit, forged, and altered checks
- Procedures to reduce your bank's exposure to check fraud losses
- Legal responsibility for counterfeit, forged, and altered checks under the Kansas Uniform Commercial Code, Regulation CC, and other federal regulations
- How laws and regulations allocate losses resulting from remote/mobile deposit capture and similar technology
- Factors to determine whether check fraud victim has legal right to reimbursement
**Program fees are based on bank asset size. There is no limit on the number of people that can attend the virtual session from your financial institution. Please login and register one person from your bank and pay based on your bank’s asset size. Then email all other attendees (include attendee’s first and last name, bank location and e-mail) to Natalie Wareham at nwareham@ksbankers.com so that additional attendees can be registered free of charge to receive their own link and login information for the session.
*We understand circumstances arise requiring cancellation - if you cancel up to 3 business days before the program, your registration fee will be refunded.
*Any transmission, retransmission or republishing of the audio or video portion of the seminar is strictly prohibited
*Live purchase includes 30-day replay access. All options will include the written materials.
*Live purchase includes 30-day replay access. All options will include the written materials.
