Led by Phyllis Meyerson, EVP and Ellen Heffner, Director, Product Management, the workshop will focus on the implications of recent industry regulations and research data including ECCHO rules, Reg CC
Department of Treasury's Office of Foreign Assets Control (OFAC), Financial Crimes Enforcement Network (FinCEN), AML, BSA, Reg CC
and compliance training.
Based on the type of alert that is returned, the financial institution can configure their workflow to apply the appropriate length of hold, depending on Reg CC
guidelines and the relationship they have with the depositor.
a pioneer in regulatory compliance solutions, is addressing the challenges of Reg CC
compliance for Harland Financial Solutions' EZTeller users.
Additionally, the paper highlights various types of check losses and the costs associated with each, recent Reg CC
changes that impact institutions' hold policies and clearing timelines, and the latest fraud rings and fraud tactics facing financial institutions.
In addition, WatchDOG Wire, WatchDOG for Reg CC
and WatchDOG for Reg E, not only produce higher rates of compliance, they also significantly increase operational efficiency by replacing expensive and often ineffective manual processes with a cost-reducing automated solution.
ATTUS Technologies also produces comprehensive regulatory compliance solutions for financial services institutions including WatchDOG[R] CIP, WatchDOG[R] Wire, WatchDOG[R] for Reg CC
and WatchDOG[R] for Reg E, which all assist in reducing the threat of fraud, identity theft and money laundering.
Once a check is flagged as having a reasonable doubt of collectability, the institution can place an extended Reg CC
hold on that deposited item, effectively protecting the Bank of First Deposit and the depositor against a check loss.
Department of Treasury's Office of Foreign Assets Control (OFAC), Financial Crimes Enforcement Network (FinCEN), Anti-Money Laundering, Bank Secrecy Act (BSA), Reg CC
and compliance training.
Errico continued, "The recent changes to Reg CC
, the Expedited Funds Availability Act, means all checks are now local.
Wolters Kluwer Financial Services' regulatory experts will offer institutions additional insight into these Regulation CC changes as part of the company's fee-based, live Webinar, The Move to One Paper Check-Processing Region: A Reg CC
Refresher, offered on Nov.
Traditional paper check exchanges are governed primarily by statutes such as the Uniform Commercial Code and regulations, such as Reg CC
, but there is no law to cover check image exchange," said David Walker, president of ECCHO.