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Wire Transfer 101, 201, 301: Risks, Compliance and Operational Controls

April 3 @ 2:00 pm - 3:00 pm EDT

|Recurring Event (See all)

An event every day that begins at 2:00pm, repeating until April 5, 2019


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A wire transfer is defined as a fast way to send money and that it can be costly.  Attend this 3-part Bootcamp to learn the basics of Wire Transfer, how does it work, the differences between a domestic and international wire, and the different types of wire transfer (bank and non-bank). Discussion will also include different types of risk and tips on how to mitigate this risk.  With wire transfers being one of the most targeted areas for fraud, the risks associated with wires is a focus for governing regulatory agencies.  In this series, we will outline the areas in wire transfer most commonly reviewed by examiners. Suggestions on how to get your internal and operational controls in place to help prevent wire transfer fraud.

In the entire 3-part Wire Transfer Webinar Bootcamp series, attendees will hear details on:


Wire 101 – The Fundamentals

Wednesday, April 3, 2019

  • 2:00 – 3:00 pm ET
  • 1:00 – 2:00 pm CT
  • 12:00 – 1:00 pm MT
  • 11:00 – 12:00 pm PT

This session will provide the basic understanding of wire transfers, the difference between types of transfers, and the terminology used and what it all means.

Discussion will cover what happens during a wire transfer, how much does it cost, how long does it take for the money to get there and is it safe?

  • What is a Wire Transfer
  • Different Types of Wire Transfers
  • Terminology
  • The Life Cycle of a Wire Transfer


Wire 201 – Fraud, Risk and Compliance

Thursday, April 4, 2019

  • 2:00 – 3:00 pm ET
  • 1:00 – 2:00 pm CT
  • 12:00 – 1:00 pm MT
  • 11:00 – 12:00 pm PT

Fraud is big in the payments world and wire transfer is becoming one of the most targeted systems, attend this session to learn about how to help mitigate fraud.

Different types of risk resulting from cyber criminals, malware and the never-ending phishing attempts.

What banks and credit unions must do to stay compliant with regulations designed to protect the institution and its customers.

  • Different Types of Risk
  • Fraud & Wire Transfer
  • Malware & Phishing
  • Risk Mitigation with Wire Transfer


Wire 301 – Controls and Internal Processes

Friday, April 5, 2019

  • 2:00 – 3:00 pm ET
  • 1:00 – 2:00 pm CT
  • 12:00 – 1:00 pm MT
  • 11:00 – 12:00 pm PT

This final wire webinar will contain an overview of the most commonly areas within a wire transfer operation where examiners are reviewing and tips on how to help prevent wire transfer fraud.

Adequate internal controls are key to ensure your wire transfer operations are in compliance and continually addressing the prevention of wire transfer fraud.

  • Common Areas Reviewed by Examiners
  • Fraud Prevention Tips
  • Developing Adequate Internal Controls
  • Personnel, BSA, AML, OFAC Policies


$549 for all 3 sessions plus playbacks*
$249 for individual sessions plus playback*

NOTE: This event was previously recorded.

Register for Session 1 ONLY
Register for Session 2 ONLY
Register for Session 3 ONLY

Credits per Session

  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker

Donna Olheiser AAP
Founder/VP Education, Dynamic Mastership

Donna Olheiser

About the Speaker

Donna, the Vice President of Education Services for Dynamic Mastership, is a Certified Master Trainer and an experienced Project Manager, with over 14 years’ experience managing education programs for organizations processing electronic payments and financial institutions operations areas. Prior to founding Dynamic Mastership 3 years ago, Donna served as the Education Services Director for UMACHA for 9 years. Donna began her career serving as Training and Development Specialist for the Federal Reserve Bank, Minneapolis.


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