The FFIEC requires that financial institutions manage the risks associated with using the wire transfer networks to transmit wholesale payments. Wire program controls have been criticized by regulators based on controls that while years ago were effective are now no longer sustainable. Over the past several years, there have been significant cybercrime related incidents that have drawn the attention to internal controls of a financial institutions wire transfer program.
This banking webinar on wire risk will take attendees through all related risks and provide useful tools to complete your wire transfer risk assessment.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.