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How to Conduct an ACH Risk Assessment and Develop an Effective ACH Risk Management Program

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Website https://www.complianceonline.com/ach-risk-management-seminar-training-80312SEM-prdsm?channel=Ourgloc | Edit Freely

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Deadline: March 09, 2020 | Date: March 19, 2020-March 20, 2020

Venue/Country: San Diego, CA, U.S.A

Updated: 2020-02-10 22:33:34 (GMT+9)

Call For Papers - CFP

Financial Institutions, Third Party Service Providers and Third-Party Senders who process ACH transactions can encounter a variety of risks such as credit, fraud and operational. According to the NACHA Operating Rules, financial institutions are required to assess and manage all ACH risks, particularly when the institutions engage in riskier ACH activities. The risk of fraud can be mitigated through proper due diligence for all originating customers and strict adherence to ACH and credit policies.

ODFI's and RDFI's are exposed to a variety of risks when originating, receiving, or processing ACH transactions, or outsourcing these activities to a third party. Financial Institutions should use guidance provided by FinCEN, the FFIEC and the OCC (in addition to the Rules developed by NACHA) to develop an ACH Risk Management program that reflects the nature and complexity of their activities.


Keywords: Accepted papers list. Acceptance Rate. EI Compendex. Engineering Index. ISTP index. ISI index. Impact Factor.
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