Preventing and Responding to Bank Fraud and Unauthorized Bank Transactions
Credit and debit card transactions are two of the most common transactions banking customers do every day. However, with the onset of fraudulent acts, these two, along with ACH transactions, have become prone to fraud and unauthorized transactions. Although it certainly puts banking at ease in addition to mobile banking, experts warn customers to be more proactive in responding to unauthorized bank transactions so that in the long run, these will be prevented and lessened.
In this LIVE Webcast, a panel of distinguished professionals and thought leaders organized by The Knowledge Group will help banking customers and professionals understand the important aspects of this significant topic. They will provide an in-depth discussion of the nature of bank fraud and unauthorized bank transactions. Speakers will also offer best practices in developing and implementing a comprehensive guide for customers to prevent being victimized by these acts.
Key topics include:
- The Nature of Bank Fraud and Unauthorized Bank Transactions
- Common Scenarios of Bank Fraud
- Recent Bank Fraud Cases
- How Financial Institutions Must Address Bank Fraud and Unauthorized Bank Transactions
- Detection and Prevention Guide
Brendan Judge, Partner
Connell Foley LLP
- Embezzlement defined
- Fraud Triangle
- 2 Types of Embezzlement: Check & Wire
- Check Fraud Alive and Well
- Types of Check Fraud
- Forged Maker
- Forged Endorsement – simple/double
- Altered payee
- Payroll Padding
- Fictitious Payee
- ID Theft
- Manipulate line of credit
- Hijack payments
- ID Theft
- Applicable Provisions of the UCC and Bank Defenses
- Who gets stuck?
- Preventative Measures
- Response When Hit
Rupert F. Barron, Shareholder
Hirsch & Westheimer, P.C.
- The ACH system and participants
- What rules and regulations govern ACH fraud
- ACH fraud in the cases – application of rules and regulations, common law, typical fraud schemes
- Defenses, practice pointers and protective measures
Who Should Attend:
- Financial Crime Compliance Managers
- Banking Managers
- Debit and Credit Cardholders
- Chief Information Officers
- Chief Information Security Officers
- Chief Finance Officers
- Fraud Intelligence Officers
- Fraud Executives
- Banking & Financial Institution Executives
- Banking & Financial Institutions
- Other Related and Interested Professionals
Brendan Judge, chair of Connell Foley’s Commercial Litigation Practice Group, is an experienced litigator with a focus on banking, commercial, construction and subrogation law, and trust and estates litigation. His in-depth knowledge of these areas enables him to identify the key issues early on and create favorable, tailored solutions for his clients. Highly knowledgeable about bank fraud issues, Brendan has represented financial institutions in more than 150 cases involving check fraud, unauthorized banking transactions and other banking issues arising under the Uniform Commercial Code. In addition to his fraud work, Brendan’s varied practice includes serving as class action counsel for national corporations, trade associations and financial institutions on matters involving constitutional issues, lender liability claims and alleged violations of consumer fraud and other consumer protective statutes. He also serves as national counsel for insurance clients in banking related cases.
Brendan Judge, chair of Connell Foley’s Commercial Litigation Practice Group, is an experienced litigator with a focus on banking, commercial, …
Rupert Barron is a business, banking and UCC partner in the Litigation, Banking and Financial Institutions practice groups of H&W. Rupert regularly represents national, regional and local banks, brokerage firms, credit unions and companies throughout Texas and other jurisdictions, in state and federal litigation and AAA and FINRA arbitrations. Having represented financial institutions over 25 years, his practice includes litigation of disputes involving UCC Articles 3 and 4 (negotiable instruments), 4A (funds transfers), 5 (letters of credit), ACH and NACHA / electronic payment disputes, commercial and consumer account disputes, lender liability, mortgage and wrongful foreclosure disputes, as well as prosecuting loan and deficiency suits for bank special assets and collections departments. Rupert also regularly advises financial institutions in the drafting and revision of deposit account control agreements, blocked account agreements, and deposit agreements. Rupert is a past Director of the Texas Association of Bank Counsel, and a Texas Bar Foundation Fellow.
Rupert Barron is a business, banking and UCC partner in the Litigation, Banking and Financial Institutions practice groups of H&W. …
Print and review course materials
Method of Presentation:
On-demand Webcast; Group-Internet Based
Experience in banking law
NASBA Field of Study:
Management Services - Technical
NY Category of CLE Credit:
Areas of Professional Practice
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About Connell Foley LLP
Connell Foley LLP, a leading full-service law firm with 130 lawyers and seven offices across the Mid-Atlantic Region, provides sophisticated counsel in established and emerging areas of law to Fortune 500 corporations, middle-market and start-up entities, and entrepreneurs. Established in 1938, the firm has attained an enviable record of achievement in litigation, corporate law and a broad range of industry practice areas, including: alternative dispute resolution, antitrust, banking, bankruptcy, class actions, commercial litigation, construction, corporate, cyber security and data privacy, employment and labor, environmental, healthcare, insurance, intellectual property, product liability and mass torts, professional liability, real estate and land use, special education, taxation and estate planning, and white collar criminal defense.
About Hirsch & Westheimer, P.C.
With the continuity of its practice since 1914, Hirsch & Westheimer, P.C. stands today as a historical landmark in Houston’s business and legal community. The Firm’s banking and financial institutions attorneys regularly provide litigation and transactional services to a broad range of clients including state, regional and national banks, mortgage lenders, loan servicers, finance companies, credit card issuers, federal credit unions and trust companies. H&W also regularly represents clients throughout and beyond the State of Texas in matters ranging from counseling executors of multi-million dollar estates, to advising sellers in stock and asset transactions, to representing upstream oil and gas companies in complex multiparty litigation.
H&W’s clients include individuals, families, trusts, estates, major financial institutions and American and foreign business interests engaged in real estate development and management, aviation, upstream oil and gas, construction, insurance, retailing, wholesaling, manufacturing and merchandising.