Legal Liabilities when Check Fraud Occurs

Proper handling of check fraud occurrences is important for an institution. Institutions need to understand that such incidents go beyond the check fraud itself. Legal liabilities exist that are specific to consequences of check fraud. This webinar will provide guidance and insight for financial institutions in understanding the legal liabilities that result when check fraud occurs. All of the above insights will assist a financial institution in its risk mitigation and risk reducing efforts.

• Understanding what check fraud is
• Knowing the financial institution's legal liabilities
• Handling legal liabilities
• Preventing check fraud
• Check fraud victim's legal rights
• Training

• Types and examples of check fraud
• How to identify check fraud?
• Legal responsibilities of an institution for check fraud as outlined by various laws and regulations
• What steps or procedures an institution can exercise for handling and preventing check fraud?
• Understanding what legal rights and entitlements a check fraud victim may have
• What type of training should an institution provide its employees against check fraud?

Handling check fraud is important for accurate accounting and efficient operations. Failure to understand check fraud and its legal liabilities can put a financial institution at risk which can be costly for them.

• Compliance officers
• Deposit operations
• Teller managers
• Tellers
• Fraud managers and personnel

Dr. Gina J. Lowdermilk, PhD (ABD), CAMS, CRMS is a qualified BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been on working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work with small community banks to large international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality. Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. Gina has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as per clients’ requests.