2024 Financial Fraud Forum

When:  Jun 12, 2024 from 09:00 to 12:30 (ET)

Event Details*
Wednesday, June 12 and Thursday, June 13, 2024
9:00 - 12:30 pm ET
Workshop; Up to 7.2 AAP/APRP CEU Eligible; Up to 3.6 CEU Eligible per day.
Level: Intermediate

Event Registration**
Member Price: $275.00
Non-Member Price: $375.00
**$275 member registration fee includes 3 registrations. Additional members may be registered for $25/person. All members must be registered at the same time, and you must be logged in to receive this pricing.

Formerly known as The NEACH Fraud Symposium, this event features some of the best presenters and practitioners tackling fraud issues. The Forum includes presentations on fraud trends, the most challenging investigations, and actionable tips that provide attendees with insight into the realities of today's fraud threats. The agenda will be provided via the website once presenters are confirmed.

June 12, 2024

9:00 - 9:05 am

9:05 - 10:15 am
Show Me the Bacon! Investment Scams Without Borders
Detective Matthew Hogan, Connecticut State Police, Task Force Officer - CT Financial Crimes Task Force USSS, Cryptocurrency Working Group

Cryptocurrency investment/romance scams are not slowing down, in fact based on a recent study it’s become a $75 billion dollar industry. How do they work, what are the signs, and what do they look like from the victim’s point of view?

Join Detective Hogan, who has infiltrated fraud rings perpetrating these scams, to learn the warning signs that your account holder (or family member) may be falling into what some refer to as “pig butchering” scams.

10:15 - 10:20 am

10:20 - 11:15 am
Uncovering the Reality Behind Synthetic Identities
Ally Madrone, TrustStamp

According to the 2024 TransUnion State of Omnichannel Fraud Report, nearly 1 in 7 new accounts opened online are suspected digital fraud. Cybercriminals are stealing more identity information from organizations and individuals to commit account takeover (ATO), instigating third- party fraud or creating fraudulent accounts — including a record number of synthetic accounts — to perpetrate first-party fraud.

This session explores what payments professionals need to know about synthetic identities: where they come from, how they hide, what they could be costing you, and detection strategies.

11:15 - 11:20 am

11:20 - 12:20 pm
New Account Fraud Prevention and Know Your Customer (KYC) Compliance
John Chase, MS, CPP, CFCI, Manager Fraud Investigation, Inspira Financial, and Chris Garcia, NEACH Fraud Committee Member

This comprehensive training session is designed to equip attendees with the essential knowledge to identify new account fraud and adhere to Know Your Customer (KYC) regulations. By the end of this session, participants will better understand fraud risks, the regulatory landscape, and implementing strategies to mitigate fraud while ensuring compliance.

12:20 - 12:30 pm
Final Action Items & Closing Remarks

June 13, 2024

9:00 - 9:05 am

9:05 - 10:05 am
Learn to Conduct Online Banking Risk Assessments That Don’t Just “Check the Box”
Brenda L Paradis, CISA, CISM, CDPSE, CMMC-AB CP & RP, Monarch Information Security Consulting, Inc.

Conducting an online banking risk assessment is critical to reducing risk to your organization. A good risk assessment will evaluate not only potential threats and vulnerabilities but will provide you actionable intelligence on how to reduce risk. Learn how to evaluate the authentication, data protection and business continuity/disaster recovery controls that are implemented and where those controls may need improvement.

10:05 - 10:10 am

10:10 - 11:40 am
Writing Effective SAR Narratives
Nancy Lake, ARC/AML-ology

Everything we do in BSA is to manage our risk regarding money laundering and terrorist financing. We conduct account reviews and monitor looking for suspicious activity. When we find it, then we file a Suspicious Activity Report (SAR). But what happens next?

Have you ever heard from law enforcement requesting your SAR documentation?

Do you ever reach out to law enforcement before filing the SAR?

Do you know the difference between a FinCEN 314a vs. a 314b request?

This session will provide guidance on effective SAR development that will help provide law enforcement with critical information in their fight against criminal activity. We will also discuss effective partnerships with law enforcement.

11:40 - 11:45 am

11:45 - 12:15 pm
Optimizing Payments Compliance
Caitlyn Mullis, NEACH Payments Group, Brandie Thacker, NEACH Payments Group, and Luann Kohlman, NEACH Payments Group

12:15 - 12:30 pm
Final Action Items & Closing Remarks

• AAPs
• ACH Coordinator
• Associate Members
• Audit Department
• BSA/Compliance
• Cards (Including Error Resolution Disputes)
• Corporate Members
• Cybersecurity
• Electronic Banking
• Executive/Senior Management
• Financial Institutions
• HR/Training Director
• Operations
• Payments Rules and Regulations
• Payments and Industry Trends
• Reg E
• Risk Management (Including Fraud Incidents)

You might also like:
• 2024 Payments Compliance Experience
• Fraud Investigations 101
• Sticky Situations

*Please note that the access information will be sent to you in a separate email upon receipt of payment. Access information and support are only provided during normal business hours.

**$275 member registration fee includes 3 registrations. Additional members may be registered for $25/person. All members must be registered at the same time, and you must be logged in to receive this pricing.