Banks and Credit Unions
ABC’s of Completing the Annual ACH Rules Compliance Audit
The Nacha Operating Rules and Guidelines require that all participating depository financial institutions (ODFI & RDFI), Third Party Senders (TPS), and Third-Party Service Providers (TPSP) that provide ACH services to the RDFI or ODFI, conduct an annual ACH audit by December 31 of each year (Nacha Operating Rules, Article 1). There are changes each year in the Nacha Operating Rules that affect your annu..
Bank Enforcement Actions 2024: What Happened And What Can We Learn?
We will go through the different banking regulators and discuss recent enforcement actions. The goal of this training is to take away the lessons learned by prior enforcement actions, implementing changes within your compliance framework, continue with your risk mitigation efforts and manage your reputational risk when similar issues arise.Areas Covered Overview of the current regulatory environmentEn..
Conducting an effective Regulatory Examination
This Webinar Describes:Overview and Background of ExaminationsExamination Priorities to consider this year Walking through the examination processBest Practices and tips Regulatory implicationsTakeawaysWho Should AttendAnyone in corporateWhy Should You Attend Are regulatory examinations keeping you up at night? In the world of financial institutions, staying ahead of the regulatory curve is more criti..
Conducting the ACH Risk Assessment and Developing an Effective Risk Management Program
This webinar will identify the areas of ACH Risk that ODFI's and RDFI's are exposed to when originating, receiving, or processing ACH transactions. ACH Risk awareness and responsibility still falls on the ODFI even when outsourcing these activities to a third party. Discussion on ODFI Risk Management Requirements from the NACHA Operating Rules Book (Articles 1 and 2) such as due diligence, exposure limits, ..
CFO Solutions to IRS Problems
Many CPAs are becoming full-time or fractional CFOs for small businesses. In that position, they are the resident expert in finances, cash flow planning, and budgeting. But what about dealing with the IRS? The IRS has broad powers to administer the assessment and collection of taxes. From removing penalties to criminal prosecutions, this presentation focuses on how CFOs can prevent problems with the IRS and..
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Anti Money Laundering (AML) Regulation Changes 2024
This presentation will provide an in-depth look at the critical changes in anti-money laundering (AML) regulations for 2024. With global regulatory bodies tightening requirements, financial institutions must adapt to new rules around beneficial ownership transparency, enhanced due diligence, and the use of advanced technology in AML compliance. We will explore updates to major regulatory frameworks, includi..
Why EBITDA Doesn’t Spell Cash Flow But What Does
EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization) is a popular measure of cash flow, but it is not accurate, and bankers and investors who rely on it as a reliable indicator of repayment ability will be deeply disappointed.This session will explain why EBITDA does not measure cash flow and what more accurate measures are available.Learning ObjectivesLearn how to calculate EBITDA..
The Basics of the ACH Network
In the financial services industry, there is constant turnover, and training new employees on the basics of ACH electronic payments can be difficult and time-consuming. Perhaps you have staff that have been working in ACH for some time, come to work every day, and follow a checklist, but have no idea what or how the ACH payments get processed. For these employees and others whose responsibilities pertain to..
Tips and Techniques for Conducting an Effective Fraud Risk Assessment
This webinar explores techniques used by Auditors, Accountants, Compliance Officers, HR and Fraud Examiners in the investigation of fraud.The webinar is designed to provide the participants with a sound understanding of: Identifying fraudLegal definitions and elements of offencesPractical examples Red flags Fraud detection strategiesLearning ObjectivesTo provide the participants with an in-depth knowledge a..
14 Credit Discipline Tools for Diagnosing, Improving, and Maintaining Your Organization’s Credit Culture
Successful credit risk management relies on a strong credit culture to support and execute strategies and policies. In turn, the culture relies on some basic tools to maintain its strength. These 14 tools offer an expedient way to test the quality of credit risk management but also serve as techniques for remediating and improving credit culture and credit risk management.Learning ObjectivesDefine and expla..
Analyzing Financial Statements
You will learn all about how to start the analysis process, how the FASB and SEC operate together and where you can find audited financial statements and how to retrieve them. We will cover auditor’s opinions and what they mean. We will discuss the objectives of analysis management, learn tools and techniques such as common sizing financial statements and trend analysis. We will cover the five categories of..
Basics of Asset Based Lending (ABL)
Asset-based lending (often referred to as “ABL”) is a form of commercial lending designed to finance safely the working capital needs of a borrower whose cash flow currently may not support debt repayment. Like other commercial loans, cash flow is the primary repayment source for an asset-based loan but with a stronger reliance on the company's assets as collateral and firmer control over the receipts of th..
Basics of Forensic Accounting
Whether you are involved in evaluating the creditworthiness of a prospective customer, analyzing investment opportunities, or even beginning to suspect that something funny is going on in your own company, this session will give you the tools to determine what is really going on. It's not just about the financial statements, this presentation will show you how to conduct a preliminary investigation will hel..
Best Practices for Preventing Credit Card Fraud
This Webinar describeHistory of credit cards in corporate America - Why companies have decided to use credit cards for their employee’s - How to control cash and spending on credit cards - Pro’s and Con’s of issuing corporate credit cardsDifferences in Corporate credit cards - Individual Liability card versus Corporate Liability card - What companies are eligible for corporate..
BSA Reporting Requirements
BSA regulations require all financial institutions to submit five types of reports. Individuals or companies must file an individual filing requirement. We will go over more details later on in this presentation. They are: Currency transaction reports (CTR)Suspicious Activity Report (SAR) Foreign financial accounts (FBAR)Currency and Monetary Instrument Report (CMIR)Designation of Exempt PersonAreas Covered..