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The Alarming State of Wire Transfer Fraud

Wednesday, 29 August 2018   11:30 AM PDT, 02:30 PM EDT

Training Duration = 90 min                  Sponsored by Online Compliance Panel

Click Here to register $200.00

Click Here to register and receive CD recording $400.00

Financial institutions face a myriad of threats, inside and outside of their online banking platform, when it comes to accepting and acting on Wire Transfer requests. Risk and possible frauds lurk around every email, phone, fax, or online banking request.

This course provides attendees with a brief overview of current forms of wire transfer fraud with an emphasis on identifying and mitigating threats.

Learning Objectives:

  • Identify the red flags of common forms of wire transfer fraud
  • Isolate how your institution can help combat fraud
  • Review sound risk assessment practices to help minimize exposure
  • Document valuable tips to protect your organization and customers
  • Record valuable resources for consumers, businesses and financial institutions

Why Should You Attend:

Wire transfer frauds cost financial institutions and their account holders' significant losses each year. Wire Transfer fraud has been around almost as long as the payment system itself and shows no signs of stopping. In fact, in 2015 and 2016, we saw renewed efforts to defraud consumers, businesses and financial institutions driving losses to alarming heights.

Areas Covered

  • Red flags of the most common forms of Wire Transfer Fraud, including
    • Advance Fee Frauds
    • Account Takeover
    • Romance Scam
    • Grandparent Scam
    • Phishing
    • And more
  • Security expert findings on the techniques criminals use to initiate these frauds (i.e. data harvesting, data breaches, etc)
  • Incorporating wire transfer fraud into your risk assessment
  • Tips
    • To educate consumers
    • How the frontline / customer service / account officer can help
    • Handling requests you suspect are fraudulent / a scam
  • Valuable resources for staff


Rayleen M. Pirnie - Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized payments risk and fraud expert who offers specialized consulting services, procedural and risk management reviews, and payments education.

Rayleen's specialized skill is delving into the world beyond the payment rules; areas where organizations often find themselves in positions of liability or loss with little to no clear guidance.

She is an Accredited ACH Professional (AAP) who has worked with all payment systems for nearly 20 years, and a Certified Enterprise Risk Professional (CERP). Rayleen also holds a Bachelor of Science in Criminal Justice Administration.

Her favorite pastimes include gardening with her grandson and reading. She is very active with children's advocacy services in the state of MO and has 4 rescued dogs.